Market Square - The Polity, Economy and Society  Cambridge Research Group  2011-12

Conveners

Hassan Akram  (Department of Sociology)
Antonio Andreoni (Centre of Development Studies)
Ivano Cardinale  (Judge Business School)
H-S Anna Kim  ((Judge Business School)

Faculty Advisors

Dr Ha-Joon Chang  (Reader in the Political Economy of Development, Faculty of Economics)
Professor Andrew Gamble (Professor of Politics, Head of Department of Politics and International Studies)
Dr Helen Haugh  (Senior Lecturer in Community Enterprise, Judge Business School)
Dr Jochen Runde  (Reader in Economics, Judge Business School)
Professor Roberto Scazzieri (Professor of Economic Analysis,
University of Bologna, Gonville and Caius College and Clare Hall, Cambridge)
Professor Geoff Walsham  (Emeritus Professor of Management Studies, Judge Business School)


The market square used to host economic exchange, but also political life and social interaction. Likewise, Market Square – The Polity, Economy and Society Cambridge Research Group is a forum for researchers studying society in its overlapping economic, political, and organisational aspects. The idea behind Market Square is that social scientists can contribute to the public debate by pointing to possibilities, perspectives and solutions that go beyond received schemes and dichotomies, but are grounded in what is achievable in a given social context.

Understanding contemporary societies requires conceptual resources and empirical tools from across the social sciences and humanities. It requires the ability to recognise potential for integration, as well as to appreciate differences and contexts of relevance. The focus of Market Square is on the development of new categories for the analysis of society through a process of blending rooted in the multi-faceted diversity of the social sciences and humanities.

Market Square's theme for this year is "Market Politics in Context." Each term we shall organise reading groups and invited lectures on a subtheme. The combination of reading groups and lectures will define the framework for a final workshop, whose subthemes will be the same as the terms’. In Michaelmas Term we shall elaborate on the idea of the market square as a public space of interaction and conflict at the interface between the economy, the polity and society. In particular, we shall look at markets not simply as “embedded in society,” but as spaces of interaction and conflict between actors whose economic and political strategies often overlap; examples could be the influence of economic actors on political decisions, or the use of economic measures as a precondition for political stability. In Lent Term we shall discuss the entrenchment of economic and political aims in the foreign policy of modern states; in particular, we shall look at phenomena such as the rise of sovereign funds, the race for natural resources, the trade of resources according to political rather than economic logics, and the protection of “national champions,” to discuss whether economic or political aims are pre-eminent in the formation of foreign policy, and to what extent this very distinction is appropriate. In Easter Term we shall look at the above themes with reference to the welfare state; we shall consider issues such as the contribution of the welfare state to social stability, international influences on domestic welfare policy, and the approaches to welfare policy of emerging global powers. The final workshop, to be held in Easter Term, will bring together the terms’ subthemes.
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Programme 2011-12

For further information click the individual event title.

Easter term 2012

This term’s theme is Politics of welfare states in contexts. The first reading group will discuss Jane Gingrich’s Making Markets in the Welfare State (which focuses on the political consequences of various different institutional welfare regimes).  We will be discussing this text in the context of the current crisis of the European welfare state (as described in articles in the New Left Review). Extending this theme of the political consequences of the pressure placed on welfare states by the current crisis this term´s invited speaker will be Dr Mica Panic of Selwyn College who will deliver a lecture entitled The Great Systemic Crisis: Economic Security, Social Welfare and Peace. The final reading group of terms brings these empirical themes together theoretically, discussing Gunnar Myrdal´s classic work Beyond the Welfare State, which looks at the inherent tensions between democracy and dependency, nationalism and internationalism, within the context of welfare state politics. 

Making Markets in the Welfare State: The Politics of Varying Market Reforms by Jane Gingrich (2011)
Wednesday, 2 May 2012
Introduced by Jeff Miley (Dept of Sociology, Cambridge)
The Great Systemic Crisis: Economic Security, Social Welfare and Peace
Wednesday, 16 May 2012
Mica Panic (Selwyn College, Cambridge)
Capitalism, Democracy and the Problem of Collective Action
Wednesday, 23 May 2012
Gavin Kitching (School of Politics and International Relations, University of New South Wales). NB The group will meet at 2.30pm today
Beyond the Welfare State by Gunnar Myrdal (1960)
Wednesday, 30 May 2012
Introduced by Tiago Mata (Dept History and Philosophy of Science, Cambridge)

 

Lent Term 2012

This term’s invited speaker is Professor Richard Drayton (King’s College London), who will deliver a lecture on ‘Money, Debt, and the American empire, c. 1971-2012.' In reading groups we shall start from John Hobson’s classic study of the economic and political motivations of imperialism. We shall then discuss Philip Bobbitt’s thesis that the nation-state is shifting towards a new form, the market-state. Finally, Giovanni Arrighi’s analysis of the economic and political rise of China will provide a case study in which we shall put at work the analytical categories developed so far.

Imperialism (John Hobson)
Wednesday, 25 Jan 2012
Reading group
Money, Debt, and the American Empire, c. 1971-2012
Wednesday, 8 Feb 2012
Professor Richard Drayton (King’s College London)
The Shield of Achilles (Philip Bobbitt)
Wednesday, 22 Feb 2012
Reading group
Adam Smith in Beijing (Giovanni Arrighi)
Wednesday, 7 Mar 2012
Reading group. NB: The group will meet in a different room today* (2nd Floor, room 204, CLAS)
 

Michaelmas Term 2011

In reading groups we shall start from Karl Polanyi's The Great Transformation, and then introduce an emphasis on political conflict by reading Antonio Gramsci's The Modern Prince. We shall then put at work the analytical tensions emerging from those readings by discussing Mark Blyth's studies of the embedding and disembedding of markets in Great Transformations

The Great Transformation (Karl Polanyi)
Wednesday, 12 Oct 2011
Reading group
Social Embeddedness and the Beginnings of Paper Currency
Wednesday, 26 Oct 2011
Dr Craig Muldrew (Fac of History, Queen's College, Cambridge)
The Modern Prince (Antonio Gramsci)
Wednesday, 9 Nov 2011
Reading group