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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

King Lear (1604 to 1605) is widely regarded as one of the greatest works of world literature, but also as one of the most challenging. The challenge is not just in the complexity of the language and the need for notes explaining obsolete... more
We propose to read Francis Bacon's doctrine of the idols of the mind as an investigation firmly entrenched in his mental-medicinal concerns and we argue that an important role therein is played by the imagination. Looking at the ways in... more
Philosophy and Memory Traces defends two theories of autobiographical memory. One is a bewildering historical view of memories as dynamic patterns in fleeting animal spirits, nervous fluids which rummaged through the pores of brain and... more
As a luxury product, fashion is consumed not for rational considerations, but for its affective and emotive power. And it is in regards to this power that, as I will argue, the ongoing process of digitalisation is having its most profound... more
"The gendered body takes a phenomenological turn in Brower’s cosmopolitan essay on oral sexuality within philosophical, feminist, and lesbian traditions..." ("Editorial" by Michelle Iwen) Abstract: The 'traditional philosophical... more
Hello! Thank you for your interest in my study. On my 60th birthday (23.11.2024) and with now 1'001 followers and viewings/downloads of the full text (ca. 400 pages) nearing 3'000, I decided to only offer the contents page, list of... more
In cities across the nation, a few enjoy rising affluence while many struggle to get by. This situation is created in part by the practices of traditional economic development. Current trends threaten to worsen, unless we can answer the... more
Of course, True Detective is neither a philosopher's bedtime story nor supernatural horror, and yet there remains a productive affinity between Ligotti's work and the HBO series. Where Ligotti provides substantial portions of the hallmark... more
For undergraduate students and their teachers, this book surveys present-day stage and screen performances of early modern drama, introducing performance-oriented methodologies and pedagogies designed to complement text-based analysis.... more
This paper in history of philosophy covers themes about determinism from Pomponazzi to Cudworth. It deals with Pico della Mirandola, Lipsius and the neo-Stoics, Pietro Pomponazzi's attacks on free will, the English dramatist John Webster,... more
Taking into account the ephemeral nature of performance, this book develops innovative approaches to the reconstruction of historical staging practices through the lens of Spanish classical theater. While poststructuralism and other... more
Hay y no hay, hay mucho y no hay nada. Los muelles y su infraestructura está hecha a nuevo, pero no hay barcos. La modernidad no ha muerto sino que nos deja despojos constantes de desigualdades y conflictos. Y de allí que el tiempo que... more
Th e aim of this article is to explore to what extent the rule of economics commonly known as Gresham's law ("bad money drives out good money") can be extrapolated to verbal language ("bad concepts drive out good concepts"). Consequently,... more
This special issue explores how finance deploys time, structures the future, and interacts with actors and institutions that sometimes function according to very different temporal regimes. Finance capitalism's logic of recurrence,... more
This article explores Riddell's representational strategies around gender: in particular her male narrators and her female characters made monstrous by money. It argues that Riddell, conscious of social prohibitions on financial knowledge... more
Jonson and Alchemy -a modest disquision on interior and exterior knowledge
Bu çalışmada, Facebook ve Twitter gibi sosyal ağların, kullanıcı emeğini dijitalleştirerek üretilen enformasyonu ölçülebilir kıldığı ve reklamverenlere pazarlanacak hale getirerek metalaştırdığı varsayımından hareketle, sosyal ağların... more
Despite the significant body of criticism dedicated to economics and the history of the novel, there is still much work to be done exploring the dense interconnections between emerging capitalism and Victorian literature. Each of the... more
Collateral has since antiquity been used as a safeguard for contractual obligations, such as debt. But how did debt, and in particular government debt, itself become the most common form of collateral in the financial system? In other... more
This paper presents a brief survey of a trend in literary criticism called the "New Economic Criticism." It focuses on studies that explore the Shakespearean age to contrast what the critical literature has to say about the economic... more
If global finance is a machine, then there is something irrational, something supernatural — even magical — about the way it operates.
A crise econômica que está assolando o Ocidente à mais de cinco anos, não apenas questiona o modelo neoliberal, apontado como o principal responsável da grande crise, mas também a cultura Ocidental que produziu este sistema. Dias a pós... more
The volume before you contains a selection of contributions from the workshop “Transformation: Nature and Economy in Modern English and American Culture,” held at the Faculty of Humanities and Social Sciences in Zagreb on September 24,... more
The period of the Renaissance in England is characterized by massive economic and social changes: The development of world trade and the emergence of early capitalism transformed the stratification of English society. This constellation... more
Social Protest from Pope to Priestley to Pam Gems includes a discussion on the use of the theories of Realism and Naturalism in depicting social ills in didactic drama
The smart city? Yes ! But while not forgetting to strive for an integrated process !!! So, remembering that our first priority and this is proved, we must now ensure "the massive and urgent job creation for the benefit of the excluded,... more
În Spaţiul în romanul anglo-saxon contemporan coord. de Pia Brânzeu, Ed. Art, Bucureşti, 2011, pp. 17-28 Ca hartă a icoanei timpului invizibil, spaţiul este contrapartea obiectivă a ideologiei reprezentării. El se naşte prin... more
new economic criticism applied to the phenomenon of dematerialization of money
Paul Crosthwaite, Peter Knight, and Nicky Marsh, "Imagining the Market," Public Culture 24 (2012): 607-28.
Review of Mary Poovey, Genres of the Credit Economy; Studies in Romanticism 49.4 (Winter 2010): 678-683
a satirically driven, one-woman masterpiece. Although it carries a heavy feminist undertone, the comedy invested in exploiting hetero-normative pop-cultural trends was too admirable to
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