Back in 1978, when economic sociology was still in an embryonic state, the British sociologist John Goldthorpe published an important paper, "The Current Inflation: Towards a Sociological Account" (Goldthorpe 1978). Goldthorpe rejected the conventional arguments that inflation was the...

Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...