Re-Thinking Economics: Exploring The Work of Pierre Bourdieu (Rethinking Economics)

List of figures xii List of tables xiii List of contributors xiv PART I Introduction 1 1 Re-thinking economics – why Pierre Bourdieu? 3 ASIMINA CHRISTOFOROU AND MICHAEL LAINÉ PART II Who is Pierre Bourdieu? 17 2 Biography – key concepts 19 GABRIELLA PAOLUCCI 3 Bourdieu’s writings on economics and the economy 35 FRÉDÉRIC LEBARON PART III Roots and fruits of Bourdieu’s economic analysis 45 4 The symbolic basis of economic life 47 FRÉDÉRIC LEBARON 5 The State and economics: a Bourdieusian critique 61 GABRIELLA PAOLUCCI 6 Animal spirits and habitus: towards a convergence between Keynes and Bourdieu? 74 MICHAEL LAINÉ 7 Bourdieu and the Marxist economy: Bourdieu’s outlook on Marx and his conception of the economic sphere 94 ERIC GILLES 8 Change and not only reproduction: Pierre Bourdieu’s economic anthropology and régulation theory 117 ROBERT BOYER, TRANSLATED BY MICHAEL LAINÉ PART IV Capitals and institutions 141 9 Capital conversion in post-modern economies 143 MICHAEL GRENFELL 10 Revisiting field theory: on taking Bourdieu to envisioned futures 161 DORIS HANAPPI 11 The effects of social capital on economic and symbolic profits: an analysis of the field and networks of restaurant owners 174 FABIEN ELOIRE 12 Toward an alternative framework for social capital as social change: reflections on Bourdieu’s approach 192 ASIMINA CHRISTOFOROU PART V Politics and policies: how to transform the world 211 13 The sociology of domination: critical perspectives 213 FRANCK POUPEAU PART VI In the words of Pierre Bourdieu . . . 231 14 The future of class and the causality of the probable 233 PIERRE BOURDIEU, TRANSLATED BY MICHAEL GRENFELL PART VII Conclusions 271 15 Some answers, more questions – a final note from the editors 273 ASIMINA CHRISTOFOROU AND MICHAEL LAINÉ Bibliography 278 Index 296 Once again, unfettered capitalism has failed. Promises for global prosperity and peace have given way to a world of deep recession, social upheaval and political instability. Once again, mainstream economics has proved its inadequacy. Despite its technical rigour and mathematical virtuosity, it failed dramatically to respond to the current crisis. Why is this so? Mainstream economics turns a blind eye to society. By assumption, it maims its analyses by wiping away what makes us what we are. There is pressing need for a critical discussion and new ideas. We therefore turn to the insightful and stimulating work of Pierre Bourdieu. Arguably one of the major sociologists ever, he was also a major {́OCLCbr#80}{OCLCbr#98}economist{́OCLCbr#80}?. Yet his works on the economy have received only scant attention, especially from economists, be they {́OCLCbr#80}{OCLCbr#98}mainstream{́OCLCbr#80}? or {́OCLCbr#80}{OCLCbr#98}heterodox{́OCLCbr#80}?. Bourdieu helps to take a broader view and enrich our scientific imagination. By including dimensions of power, intuitive behaviour and social structures within the scope of his analysis, he provides for an alternative foundation of economics, based on an integrated, interdisciplinary theory. For the first time, this volume fills this gap in economics by featuring state-of-the-art research and experts from different social science disciplines. This book constitutes a first step, and hopes to become a milestone. The book offers an innovative outlook and a unique source for social scientists of all fields, particularly economists and sociologists, who wish to engage in the study of Bourdieu and his economics with a view to developing a more pertinent theory. It will also constitute a useful reference for university students and administrators who would like to explore the economy from a Bourdieusian perspective Cover 1 Half Title 2 Title Page 6 Copyright 7 Dedication 8 Table of Contents 10 List of figures 13 List of tables 14 List of contributors 15 Part I Introduction 16 1 Re- thinking economics – why Pierre Bourdieu? 18 Part II Who is Pierre Bourdieu? 32 2 Biography – key concepts 34 3 Bourdieu’s writings on economics and the economy 50 Part III Roots and fruits of Bourdieu’s economic analysis 60 4 The symbolic basis of economic life 62 5 The State and economics: a Bourdieusian critique 76 6 Animal spirits and habitus: towards a convergence between Keynes and Bourdieu? 89 7 Bourdieu and the Marxist economy: Bourdieu’s outlook on Marx and his conception of the economic sphere 109 8 Change and not only reproduction: Pierre Bourdieu’s economic anthropology and régulation theory 132 Part IV Capitals and institutions 156 9 Capital conversion in post-modern economies 158 10 Revisiting field theory: on taking Bourdieu to envisioned futures 176 11 The effects of social capital on economic and symbolic profits: an analysis of the field and networks of restaurant owners 189 12 Toward an alternative framework for social capital as social change: reflections on Bourdieu’s approach 207 Part V Politics and policies: how to transform the world 226 13 The sociology of domination: critical perspectives 228 Part VI In the words of Pierre Bourdieu . . . 246 14 The future of class and the causality of the probable 248 Part VII Conclusions 286 15 Some answers, more questions – a final note from the editors 288 Bibliography 293 Index 311