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New Economic Criticism

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lightbulbAbout this topic
New Economic Criticism is an interdisciplinary approach that examines literature and cultural texts through the lens of economic theory, focusing on the interplay between economic conditions, social structures, and literary production. It analyzes how economic factors influence narrative structures, themes, and character development, emphasizing the relationship between literature and economic contexts.
lightbulbAbout this topic
New Economic Criticism is an interdisciplinary approach that examines literature and cultural texts through the lens of economic theory, focusing on the interplay between economic conditions, social structures, and literary production. It analyzes how economic factors influence narrative structures, themes, and character development, emphasizing the relationship between literature and economic contexts.

Key research themes

1. How has New Economic Criticism reshaped the analysis of economic thought's scope, sources, and methodologies?

New Economic Criticism expands the traditional boundaries of the history of economic thought (HET) by broadening its scope beyond classical figures and Eurocentric narratives to include diverse geographical locations, recent historical periods, and varied institutional contexts. It emphasizes novel sources such as institutional archives and noncanonical economic texts and encourages the application of interdisciplinary methods, including sociological and cultural analyses, to reinterpret economic ideas in their socio-political and cultural milieus. This broadening is crucial for understanding economics as a socially embedded discipline rather than an isolated set of abstract theories.

Key finding: The article surveys the emergence of histories of economics written from sociological, intellectual, and historiographical perspectives rather than by disciplinary economists alone. It highlights how these 'other histories'... Read more
Key finding: Kurz provides a broad but incisive synthesis linking historical economic theories with their social and cultural contexts. He distinguishes classical and marginalist traditions by their differing ontological and... Read more

2. In what ways does New Economic Criticism challenge orthodox neoclassical economic assumptions related to rationality, market efficiency, and economic modeling?

New Economic Criticism critically interrogates neoclassical economics’ foundational assumptions such as rational agents, market optimality, and the predictive power of equilibrium models. It incorporates insights from Austrian economics, Post-Keynesian views, and economic sociology to contest the universality of homo economicus and questions the neglect of uncertainty, time, and money in classical models. This thematic strand advances alternative conceptualizations of economic behavior and markets that embrace bounded rationality, informational imperfections, and socio-institutional complexities.

Key finding: This essay demonstrates that non-rational behavior assumptions can predict key market phenomena, such as downward-sloping demand curves, thus challenging the necessity of rationality in economic modeling. It shows that... Read more
Key finding: This paper scrutinizes Austrian subjectivist critiques of neoclassical economics, especially their invocation of real time, uncertainty, and money as foundations to reject simultaneous market-clearing equilibria. It argues... Read more

3. How does New Economic Criticism integrate interdisciplinary cultural, literary, and socio-political perspectives to analyze economic ideas and practices?

Beyond critiques of economic theory, New Economic Criticism explores the interplay of economics with culture, literature, and social ideology. This involves examining economic metaphors in literary texts, analyzing the cultural production of economic value, and elucidating how economic concepts shape and are shaped by sociopolitical contexts. This theme foregrounds the co-constitutive relationships between economic discourse and cultural narratives, illustrating the richness of New Economic Criticism’s methodological pluralism.

Key finding: This interdisciplinary study applies New Economic Criticism to Wallace Stevens's poetry, revealing how Stevens fuses poetic form and economic value. It shows Stevens’s dual engagement as both poet and insurance executive... Read more
Key finding: This article analyses Diaz’s novel _Trust_ through a New Economic Criticism lens, focusing on how legal and financial mechanisms of trust underpin liberal capitalism and literary form. It traces the historical emergence of... Read more
Key finding: This paper accounts for the historical transformation in the conception of virtue interlinked with political economy as reflected in Mansfield Park. It situates Austen’s narrative within late eighteenth-century discourses on... Read more

All papers in New Economic Criticism

William Shakespeare is the world's pre-eminent dramatist and renowned poet in English literature. His plays are like perennial rivers, which keep on flowing forever. The plays of William Shakespeare are ever green and they closely reflect... more
Since the thirteenth century at the latest, the role of money had become increasingly important in the wake of growing national and international trade, which also found vivid expression in many literary texts. These texts often serve... more
King Lear is one of the most famous tragedies by the great Elizabethan playwright William Shakespeare. Perhaps this is the most exceptional play by Shakespeare not only for its protagonist’s being an old-aged man who is nearly at the end... more
FORTHCOMING AUGUST 2025 This edited volume de-familiarizes European conceptions of artistry and thinks its history anew. It represents a rethinking on a global stage of some of the most fundamental assumptions in what were once arguably... more
A man of business and poetry, Wallace Stevens is a peculiar master who combined a love of poetry and money in his life, overriding the gap between literature and economy, imagination and reality. Examining "Thirteen Ways of Looking at a... more
Zbigniew Herbert (one of the greatest poets in the twentieth century) graduated from Trade School (now the Cracow University of Economics). The fact can be seen in his work. In Herbert's essays we find not only a wide range of economic... more
Zbigniew Herbert, jeden z najwiekszych poetow XX wieku, ukonczyl Wyzszą Szkole Handlową (obecnie Uniwersytet Ekonomiczny w Krakowie). Ten fakt daje sie zauwazyc w jego tworczości. W esejach Herberta znajdujemy nie tylko szeroki wachlarz... more
For Bobkowski, to maintain personal freedom based on material independence achieved through his own work was a fundamental existential issue. Freedom and financial independence were: a declaration, a life’s motto and an economic... more
This Chapter explores the role of semantic inflation in systemic breakups, aiming at the integration of empirical evidence from communicative systems in nature, society, politics, and economics. Generally speaking, semantic inflation... more
Although the opposition 'revolution' vs. 'Counter-Revolution' coined in France after 1789 was supposed to provide a universal sieve for sorting out the enemies of the new regime, in a gigantic empire its use faced formidable obstacles.... more
En annan sida av medeltiden: den sovjetiska* »She past is never dead. It's n o t even past.» (William Faulkner) »Dessutom ar det ganska poänglöst att pi detta satt grava i det förflutna.» (Lars-Arne Norborg) Citatet av Faulkner anfördes... more
This article examines the tertium comparationis of Plato's critique of poetry and Zbigniew Herbert's reflections about the mission and message of art. Plato banishes poetry from his ideal city, but the ban is not total. There are some... more
Two months after Ronald Reagan assumed office as the fortieth president of the United States, Bernie Sanders was elected the thirty-second mayor of Burlington, Vermont. Both men remained in office for eight years. When Reagan stepped down... more
På tal om mutor Jacobsson, Katarina; Wästerfors, David 2003 Link to publication Citation for published version (APA): Jacobsson, K., & Wästerfors, D. (2003). På tal om mutor. (Förebyggande metoder mot ekobrott : en antologi ( Rapport /... more
Öz 16. yüzyılın ikinci yarısında sömürgecilik faaliyetlerinin beraberinde getirdiği sermaye birikimi kapitalizm adıyla anılacak olan yepyeni bir ekonomik sistemin doğuşuna kaynaklık etmiştir. Kapitalizm Batı Avrupa'da ortaya çıkmıştır.... more
A review of Mansfield Park: An Annotated Edition, edited by Deidre Shauna Lynch
Kapitalist sistemde medyanın, asli işlevi olduğu varsayılan kitlesel iletişimi gerçekleştirme rotasından ayrılarak, kapitalist ideolojinin yeniden üretilmesinin aracı haline geldiği ve medya mesajlarına maruz kalanların nesneleştirildiği... more
This study traces the embryonic beginnings of Goethe's major works to his early pre-Weimar years. It argues against any notion that the word 'Wanderer' is a convenient tag or blanket term for it became the center of contention and... more
Among Marxism's core insights is that all history since the end of the primitive society has been a history of class societies and class struggle. Art does not arise in a vacuum; it is an integral part of the historical process and of... more
Ο τίτλος για την αμφισβητούμενη ιδιοκτησία του σώματος (είναι και δεν είναι δικό μου) προϋποθέτει όχι μόνο τον κοινωνικό και ιδεολογικό χαρακτήρα του σώματος, αλλά διαγράφει και την οπτική μέσα από την οποία θα προσεγγιστούν τα κείμενα... more
This international conference of the DFG-funded research network "Model Aesthetics: Between Literary and Economic Knowledge" takes place at the John F. Kennedy Institute for North American Studies, Freie Universität Berlin (July 04-06,... more
When urban practitioners undertake local projects, they are often working not only to achieve material gains in economically distressed neighborhoods but also to promote democracy, cooperation, equity, justice, and mutualism. Yet the... more
This article reads Hernan Diaz’s _Trust_ as a contemporary commentary on, and reimagining of, literature’s entanglements with capitalism, liberalism, finance, and law. Beginning with an outline of the history of legal and corporate trusts... more
First we take a broad view of three areas in which 'Wanderer' is a key word, namely in the writings of Johann Wolfgang von Goethe, in the German Romantic movement and in English Romantic poetry, noting obvious and less obvious... more
Against Mario DiGangi’s recent challenge to the feminist recuperation of (dis)empowered women in Richard III, I argue that the play builds up a sense of solidarity among the females by representing its gradual transformation. The... more
Questions concerning the identity and symbolc significance of the wanderer as specified in the title.
Dijital emek, enformasyon toplumunun ana bileşeni olarak görülmektedir. Üretim ve dolaşımın günden güne dijital bir hal alması ve ağ mantığına göre biçimlenmesi, emek faaliyetlerinin değişimine sebep olmaktadır. Emek ürünü olarak... more
В 1869 г. Ф. М. Достоевский обращал внимание своего многолетнего собеседника Н. Н. Страхова на одну примечательную особенность русской критики: Каждый замечательный критик наш (Белинский, Григорьев) выходил на поприще, непременно как бы... more
The metaphorical phrase, "poetic alchemist", serves as an apt description of the literary virtuosity of William Shakespeare, invoking the ancient pursuit of alchemists to transmute base metals into noble ones like gold. Such a depiction... more
And where are we now, after thirty years of the most intensive woman-centered activity that the world has ever known? From the 1960s onward, as women met and marched, raised their consciousness to new heights and explored their inner... more
Black Shoals/Black-Scholes In the late 1960's and early 1970s, at the University of Chicago, within the frame of that institution's particular and foundational contributions to the development and refinement of neoliberalism, two... more
СОЗИНА Е. К. Уральский федеральный университет им. Первого президента России Б. Н. Ельцина Ф. М. РЕШЕТНИКОВ В ОЦЕНКЕ РОССИЙСКОЙ И РЕГИОНАЛЬНОЙ ПРЕССЫ (XIX-начало ХХ в.)* Рассматривается оценка творчества известного уральского писателя Ф.... more
В статье поставлена задача показать роль Н. А. Некрасова в утверждении на литературном поприще русской писательницы Лидии Филипповны Нелидовой (1851-1936), а также вернуть ее творчество в сферу интересов современного литературоведения.... more
The article presents a detailed commentary on the place of the novel “Idiot”, in which the typological characteristics of the community of ordinary people are presented. The impossibility of change and development turns out to be the... more
The gruesome events that occurred within the city walls provide the narrative and serve as the context for Dürrenmatt's play. The critical happenings of the Münster insurgency are hardly in dispute and can be summarized as follows:... more
The first question that arises in this study has to do with a minor point of interest, or so it may seem.. It concerns 'the Wanderer who enters the stage at the beginning of Act V in Faust Part II, not that any member of the audience... more
Sosyal medya araçlarının gelişimi ve internet erişiminin küresel çapta artışı, reklamcıların sosyal ve dijital medya kullanımına yönelmelerinin temel sebepleri olarak gösterilebilir. Gerek uluslararası gerekse yerel reklamcılar,... more
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