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Exploring the social and political foundations of modern economies

The Max Planck Institute for the Study of Societies conducts basic research on the governance of modern societies. It aims to develop an empirically based theory of the social and political foundations of modern economies by investigating the interrelation between economic, social and political action. Using primarily an institutional approach, it examines how markets and business organizations are embedded in historical, institutional, political and cultural frameworks, how they develop, and how their social contexts change over time. The institute seeks to build a bridge between theory and policy and to contribute to political debate on major challenges facing modern societies.

FREE TO ROCK - How Rock’n Roll helped end the Cold War

Film Screening
Tuesday, May 30, 2017
7 pm (doors open 6:30 pm)

Enrichment Economy and Profit

Luc Boltanski and Arnaud Esquerre call the processes that increase the value of objects "enrichment." Any object can be enriched, and the enrichment can be physical or cultural. The price of "standard objects" generated by mass production declines over time, while the price of "enriched objects" tends to increase over time. They analyze the specific way of generating a profit in this kind of economy by using the distinction introduced by Fernand Braudel, between surplus value based on work and surplus value based on trade.
Lecture on Thursday, June 1, 5 pm
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