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Book part
Publication date: 6 November 2015

David Norman Smith

Max Weber called the maxim “Time is Money” the surest, simplest expression of the spirit of capitalism. Coined in 1748 by Benjamin Franklin, this modern proverb now has a life of…

Abstract

Purpose

Max Weber called the maxim “Time is Money” the surest, simplest expression of the spirit of capitalism. Coined in 1748 by Benjamin Franklin, this modern proverb now has a life of its own. In this paper, I examine the worldwide diffusion and sociocultural history of this paradigmatic expression. The intent is to explore the ways in which ideas of time and money appear in sedimented form in popular sayings.

Methodology/approach

My approach is sociological in orientation and multidisciplinary in method. Drawing upon the works of Max Weber, Antonio Gramsci, Wolfgang Mieder, and Dean Wolfe Manders, I explore the global spread of Ben Franklin’s famed adage in three ways: (1) via evidence from the field of “paremiology” – that is, the study of proverbs; (2) via online searches for the phrase “Time is Money” in 30-plus languages; and (3) via evidence from sociological and historical research.

Findings

The conviction that “Time is Money” has won global assent on an ever-expanding basis for more than 250 years now. In recent years, this phrase has reverberated to the far corners of the world in literally dozens of languages – above all, in the languages of Eastern Europe and East Asia.

Originality/value

Methodologically, this study unites several different ways of exploring the globalization of the capitalist spirit. The main substantive implication is that, as capitalism goes global, so too does the capitalist spirit. Evidence from popular sayings gives us a new foothold for insight into questions of this kind.

Details

Globalization, Critique and Social Theory: Diagnoses and Challenges
Type: Book
ISBN: 978-1-78560-247-4

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Ideators
Type: Book
ISBN: 978-1-80262-830-2

Book part
Publication date: 28 August 2018

Piero Formica and Martin Curley

In the knowledge economy, greater togetherness is the prerequisite for innovating and having more: selflessness extends scope while selfishness increases limitations. But human…

Abstract

In the knowledge economy, greater togetherness is the prerequisite for innovating and having more: selflessness extends scope while selfishness increases limitations. But human beings are not automatically attracted to innovation: between the two lies culture and cultural values vary widely, with the egoistic accent or the altruistic intonation setting the scene. In the representations of open innovation we submit to the reader’s attention, selfishness and selflessness are active in the cultural space.

Popularized in the early 2000s, open innovation is a systematic process by which ideas pass among organizations and travel along different exploitation vectors. With the arrival of multiple digital transformative technologies and the rapid evolution of the discipline of innovation, there was a need for a new approach to change, incorporating technological, societal and policy dimensions. Open Innovation 2.0 (OI2) – the result of advances in digital technologies and the cognitive sciences – marks a shift from incremental gains to disruptions that effect a great step forward in economic and social development. OI2 seeks the unexpected and provides support for the rapid scale-up of successes.

‘Nothing is more powerful than an idea whose time has come’ – this thought, attributed to Victor Hugo, tells us how a great deal is at stake with open innovation. Amidon and other scholars have argued that the twenty-first century is not about ‘having more’ but about ‘being more’. The promise of digital technologies and artificial intelligence is that they enable us to extend and amplify human intellect and experience. In the so-called experience economy, users buy ‘experiences’ rather than ‘services’. OI2 is a paradigm about ‘being more’ and seeking innovations that bring us all collectively on a trajectory towards sustainable intelligent living.

Abstract

Details

Black Mixed-Race Men
Type: Book
ISBN: 978-1-78756-531-9

Book part
Publication date: 12 October 2011

Karl P. Benziger and Richard R. Weiner

The Hungarian Revolution of 1956 shook the Soviet Union to the core and provided the West with the iconic image of the freedom fighter willing to risk all for the cause of…

Abstract

The Hungarian Revolution of 1956 shook the Soviet Union to the core and provided the West with the iconic image of the freedom fighter willing to risk all for the cause of freedom. The pathos of the lost cause provided Hungarians with a new set of heroes akin to those of the failed 1848 Revolution, the best known being Prime Minister Imre Nagy who was executed for siding with the revolutionaries in their bid to establish a sovereign republic. His belated funeral on June 16, 1989 undermined the moral and political authority of the communist regime that had attempted to consign Nagy and his confederates to oblivion and seemed to mimic Emile Durkheim's analysis of piaculum and the conscience collective. But the spectacle of Nagy's funeral only temporarily shrouded significant differences between and within those factions demanding pluralist society, most recently revealed in the acrimonious celebration of the 50th anniversary of the Hungarian Revolution. These debates are rooted in Hungary's deeply troubled past that strongly questioned republican values in contrast to the authoritarian values of the Hapsburg monarchy, alliance with the Axis, genocide, and its relationship to communism in the wake of the disaster of World War II. Jacques Derrida tells us that it is not easy to exorcise our ghosts; instead, we are prompted to reconstruction. Memory studies, stimulated by studies of the Holocaust, transformed the sociological imagination (especially Friedlander, 1993; LaCapra, 1998a, 1998b, 1998c, 1998d). There has been what Michael Roth referred to as “a turning of oneself so as to be in relation to the past” as an act of witness. The traumatic memory of the 1956 Revolution provides yet another case in which a traumatic past is still salient to the political actors in the contemporary arena. This chapter immerses itself in the emergence of historical sociology and with it “memory studies,” that is: (1) the relationship between identity, memory, and embodiment; and (2) the relationship between historical circumstance and collective memory formation (described in diverse approaches such as Adorno, 1959; 1997; Nora, 1989; Postone, Martha, & Kobyashi 2009). In particular, there is in historical sociology an emergent interest in (1) commemorative practices, memorializing addresses, memento; and (2) the struggles over memory, remembering, and forgetting.

Details

The Diversity of Social Theories
Type: Book
ISBN: 978-0-85724-821-3

Book part
Publication date: 16 August 2014

Holly Raima Hippolite and Toni Bruce

Purpose – This chapter investigates how being Māori influences the sport experiences of Māori participants, and offers a critical Māori perspective on mainstream New Zealand…

Abstract

Purpose – This chapter investigates how being Māori influences the sport experiences of Māori participants, and offers a critical Māori perspective on mainstream New Zealand sport. It argues for the value of moving towards a culturally competent approach that embraces, rather than resists, Māori tikanga and practices.

Design/methodology/approach – The research is driven by an Indigenous kaupapa Māori research methodology that privileges research by Māori, about Māori, being Māori. Ten highly experienced Māori participants were interviewed. The cultural competence continuum was employed to assess New Zealand sport’s ability to meet the needs of its indigenous peoples.

Findings – For the Māori participants, mainstream sport reflects the echoes of colonial ways of thinking that frequently ignore or devalue Māori values or interpret assertions of self-determination as separatist and divisive. Using examples from the participants’ experiences, we argue that cultural competence is something that could benefit all in New Zealand sport.

Research limitations/implications – The limitations of a small sample are addressed by triangulating the participants’ perspectives with other sources of information about Maori sporting experience.

Originality/value – The chapter privileges a Māori critique of existing structures and suggests a way forward that could positively influence sport delivery for Māori and people of all ethnicities.

Details

Native Games: Indigenous Peoples and Sports in the Post-Colonial World
Type: Book
ISBN: 978-1-78190-592-0

Keywords

Book part
Publication date: 8 June 2020

Philomena Essed and Karen Carberry

The hiring of women of colour faculty is not without unwritten presuppositions. The authors are expected to tolerate racism and to draw from cultural experience in catering to…

Abstract

The hiring of women of colour faculty is not without unwritten presuppositions. The authors are expected to tolerate racism and to draw from cultural experience in catering to students of colour or when it fulfils institutional needs such as bringing ‘colour’ to all-white committees. Yet, the normative profile of university teachers demands detachment with a focus on high output in terms of students and publications. In the light of this, commitment to social justice seems to be in (certain) disagreements with mainstream interpretations of the academic profession. Women of colour professors are redefining educational leadership. This chapter addresses its effect on emotional wellbeing together with techniques and strategies to strengthen emotional resilience.

Details

The International Handbook of Black Community Mental Health
Type: Book
ISBN: 978-1-83909-965-6

Keywords

Book part
Publication date: 14 December 2018

Lai Y. Wo

This article examinees how vulnerability operates within the intimate economy in Hong Kong’s prominent entertainment district of Wanchai. Best known in its portrayal of The World

Abstract

This article examinees how vulnerability operates within the intimate economy in Hong Kong’s prominent entertainment district of Wanchai. Best known in its portrayal of The World of Suzie Wong, Wanchai’s historicity is anchored in a legacy of colonialism, orientalist imagination, and Western militarization. Presently, the area continues to cater to Western expatriate men, foreign travellers and the US Navy. An influx of Southeast Asian migrant domestic workers to Hong Kong in recent decades has led to the rise of new intimate relationships fostered in the bar district. While Wanchai is renowned as a red-light district celebrating white Western masculinity, a complex portrait emerged after a year of ethnographic fieldwork observing the intimate exchanges between Western expatriate men and Southeast Asian migrant domestic workers, as two groups who are positioned on opposite ends of the city’s socioeconomic spectrum. Contrary to recurrent portrayals of female victimhood in commercialized sex industries, this article illustrates how other experiences of vulnerability, particularly those of the Western male expatriate partner, also deserve critical attention. By exploring the decommercialized transactions within Wanchai’s intimate economy, this piece demonstrates how the intimate relations forged between Western expatriates and Southeast Asian migrants can help negotiate longstanding gendered relations of power and shared senses of structural precarity.

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Individual and Social Adaptations to Human Vulnerability
Type: Book
ISBN: 978-1-78769-175-9

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Rewriting Leadership with Narrative Intelligence: How Leaders Can Thrive in Complex, Confusing and Contradictory Times
Type: Book
ISBN: 978-1-78756-776-4

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Documents from the History of Economic Thought
Type: Book
ISBN: 978-0-7623-1423-2

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