Capital and Ressentiment: A Short Theory of the Present
The fusing of finance capital and information has provided ideal conditions on social media in which feelings of anger and frustration can be expressed and shared, forming a deep pool of ressentiment that is being drawn upon and exploited by populist and authoritarian leaders. More “Announcement
New Book by Joseph Vogl”
Author: Matthias Petel
Current Scholarship
Risk, Discretion, and Bank Supervision
Peter Conti-Brown (University of Pennsylvania) and Sean Vanatta (University of Glasgow)
Using the rich history of supervision in the United States from the antebellum period to the present, this article presents a theoretical conception of supervision as the space where bankers and the government engage each other in sometimes cooperative, sometimes contentious disputes with substantial influence on the direction of financial and economic policy. More “Current Scholarship
Risk, Discretion, and Bank Supervision”
Current Scholarship
Beyond market neutrality? Central banks and the problem of climate change
Matthias Thiemann (Sciences Po), Tim Büttner, and Oliver Kessler
The issue of climate change has altered the self-understanding of central bankers and driven them towards a more active stance where they acknowledge that central bankers shape and make, and not only ‘mirror’, market forces. More “Current Scholarship
Beyond market neutrality? Central banks and the problem of climate change”
Current Scholarship
New Symposium on “Networks, Platforms, and Utilities” by Ricks, Sitaraman, Welton, and Menand
Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand
Networks, Platforms, and Utilities (NPU) is the first entirely new casebook integrating NPU law in a quarter century—and the first with some temporal distance from the deregulatory movement of the late twentieth century. The book thus contributes to larger intellectual shifts in the academy and public policy. More “Current Scholarship
New Symposium on “Networks, Platforms, and Utilities” by Ricks, Sitaraman, Welton, and Menand”
Current Scholarship
Connected Lending of Last Resort
Kris James Mitchener, Santa Clara University, and Eric Monnet, Paris School of Economics
Utilizing a novel, hand-collected historical daily dataset on loans to commercial banks, we analyze how personal connections matter for lending of last resort, highlighting the importance of governance for this core function of central banks. More “Current Scholarship
Connected Lending of Last Resort”
Current Scholarship
Why Lancashire? Banking As the Spark That Set Off Industrialization
Carolyn Sissoko, University of the West of England
The paper argues that a change in the Bank of England’s commercial discount policy at the end of the Seven Years’ War promoted the growth of banking. More “Current Scholarship
Why Lancashire? Banking As the Spark That Set Off Industrialization”
Announcement
New Book Edited by Benjamin Wilson
Care, Climate, and Debt: Transdisciplinary Problems and Possibilities
This volume spans economics, history, sociology, law, graphic design, religion, environmental science, politics and more to offer a transdisciplinary examination of debt. More “Announcement
New Book Edited by Benjamin Wilson”
New Book Edited by Benjamin Wilson”
Announcement
The Banking & Finance Law Review (BFLR) is Hiring a Fintech Fellow!
The Banking & Finance Law Review is pleased to announce the second annual FinTech Fellowship, which gives doctoral candidates insight into the editorial process of scholarly journal publication in this cutting-edge field of law. Application deadline May 1st, 2023.
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The Banking & Finance Law Review (BFLR) is Hiring a Fintech Fellow!”
Announcement
Reminder: Intersections of finance and society 2023 CFP closes May 1!
Reminder: Call for Papers for Intersections of finance and society 2023 will close on May 1st. Contributors are expressly invited to propose and debate existing and novel solutions for improving financial stability, expanding fintech inclusion, mitigating climate breakdown, and tackling the inequalities associated with financialisation. More “Announcement
Reminder: Intersections of finance and society 2023 CFP closes May 1!”
Announcement
Finance and Society Network CFP: Intersections of finance and society 2023 in Brussels (September 14-15)
Call for Papers open for Intersections of finance and society 2023, Vrije Universiteit Brussel, 14-15 September. Contributors are expressly invited to propose and debate existing and novel solutions for improving financial stability, expanding fintech inclusion, mitigating climate breakdown, and tackling the inequalities associated with financialisation. More “Announcement
Finance and Society Network CFP: Intersections of finance and society 2023 in Brussels (September 14-15)”
Announcement
UNSW Sydney Law and Justice is Hiring a Post-Doctoral Research Fellow
UNSW Sydney Law and Justice is Hiring a Post-Doctoral Research Fellow, with an application deadline of February 13th, 2023.
More “Announcement
UNSW Sydney Law and Justice is Hiring a Post-Doctoral Research Fellow”
Current Scholarship
Capitalism: A Journal of History and Economics Volume 3, Number 2
Editorial Group, Capitalism: A Journal of History and Economics
One possible reading of the current issue is that we invite readers to ponder historical hauntings of modern political economies, including "austerity haunting 'noncapitalist' contexts," "the history of money haunting modern-day understandings of central bank digital currencies," "colonialism haunting African development," and more. More “Current Scholarship
Capitalism: A Journal of History and Economics Volume 3, Number 2”
Current Scholarship
Paper Money of a ‘Peculiar Character’: The Notes of the Hudson’s Bay Company, 1820-1870
Michael Ryan, International Bank Note Society
The Hudson's Bay Company issued promissory notes from 1820 to 1870 that served as paper money in the Red River Colony. These notes are a fascinating artefact of the fur trade, which played an important role in the earliest phase of European engagement with Canada and the US. More “Current Scholarship
Paper Money of a ‘Peculiar Character’: The Notes of the Hudson’s Bay Company, 1820-1870”
Current Scholarship
Navigating uncertainty in networks of social exchange: a relational event study of a community currency system
Jakob Hoffmann and Johannes Glückler, Heidelberg University
This article analyzes the structure of socially embedded exchange under uncertainty in the context of a community currency system in Germany. More “Current Scholarship
Navigating uncertainty in networks of social exchange: a relational event study of a community currency system”
Current Scholarship
The Case Against the Debt Tax
Vijay Raghavan, Brooklyn Law School
This Article argues that the tax on cancelled debt is the product of broader political forces and not just the internal logic of tax, and it concludes by proposing changes to tax administration and the tax code that would sharply circumscribe the scope of the tax. More “Current Scholarship
The Case Against the Debt Tax”
Fall 2022 - Money, Sanctions and International Law
Sanctions and Decoupling After Neoliberalism
David Singh Grewal, UC Berkeley
We are once again in the awful position of testing the proposition that commercial integration among nations leads to peace. And, to the extent that it clearly does not, we are left wondering about how effective either monetary and economic sanctions can be—and, more broadly, what economic “decoupling” looks like in a post-neoliberal world. More “Fall 2022 - Money, Sanctions and International Law
Sanctions and Decoupling After Neoliberalism”
Current Scholarship
The Financialization of U.S. Public Pensions, 1945-1974
Sean Vanatta, University of Glasgow
This article examines a major transformation in public employee pension investment in the United States. Ultimately, financialization was not the product of a radical break or crisis in the 1970s, but was a continuous process in the post-World War II era, one initially pursued by state and local government officials in service of welfare liberalism. More “Current Scholarship
The Financialization of U.S. Public Pensions, 1945-1974”
Current Scholarship
After the boom: Finance and society studies in the 2020s and beyond
Amin Samman, University of London
In this editorial, three overarching imperatives are explored: first, the need to keep a vigilant watch on the core institutions and logics of finance; second, the need to continue expanding and deepening the field; and third, the need to persist with difficult lines of questioning. More “Current Scholarship
After the boom: Finance and society studies in the 2020s and beyond”
Fall 2022 - Money, Sanctions and International Law
International Law and 21st Century Financial Warfare
Suzanne Katzenstein, Duke University; Stephen Park, University of Connecticut
Financial sanctions of the current scope and magnitude can no longer be relied upon to enforce international law in a manner that complies with it. Relying on international law to constrain the impacts of warfare—here, financial warfare—may also risk legitimizing its expanding use. More “Fall 2022 - Money, Sanctions and International Law
International Law and 21st Century Financial Warfare”
Announcement
The Law and Political Economy (LPE) Project is Hiring an Academic Fellow
The Law and Political Economy (LPE) Project seeks to hire an Academic Fellow to play both a scholarly and organizational role, with an anticipated start date of July 1, 2023.
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The Law and Political Economy (LPE) Project is Hiring an Academic Fellow”
Announcement
Assistant Professor in Finance and Globalization at the University of California, Santa Barbara
The Department of Global Studies at the University of California, Santa Barbara invites applications for a tenure-track faculty position at the level of Assistant Professor, with an anticipated start date of July 1, 2023. The Department is looking for individuals with expertise in Finance in relation to Globalization.
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Assistant Professor in Finance and Globalization at the University of California, Santa Barbara”
Current Scholarship
Economics and Dishonesty
Prabhat Patnaik, Jawaharlal Nehru University, New Delhi
Economics is a subject where the ruling classes are forever trying to promote ideologically-motivated explanations in lieu of scientific ones. More “Current Scholarship
Economics and Dishonesty”
Announcement
New Casebook by Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand
Networks, Platforms, and Utilities: Law and Policy More “Announcement
New Casebook by Morgan Ricks, Ganesh Sitaraman, Shelley Welton, and Lev Menand”
Current Scholarship
Special Issue from Journal of Cultural Economy: FinTech in Africa
Paul Langley, Durham University, and Daivi Rodima-Taylor, Boston University
By re-centering global social science research agendas and political debates on Africa, this special issue hopes to inspire further work and future political engagement with FinTech which doesn’t begin, by default, from developments and experiences in the Global West and East. More “Current Scholarship
Special Issue from Journal of Cultural Economy: FinTech in Africa”
Current Scholarship
Introduction: The Structural Power of Finance Meets Financialization
Natalya Naqvi et. al., London School of Economics
The contributions to this special issue engage with how decades of financialization have transformed the basis of structural power toward alternative functions that have gone unnoticed in the existing literature. These include household and real estate lending that fuels consumption-led growth, concentration and expansion of financial institutions as tools of geo-economic strategy, financing current account deficits that facilitate global imbalances, and wealth preservation that bolsters inequality. More “Current Scholarship
Introduction: The Structural Power of Finance Meets Financialization”
Current Scholarship
Special Issue from Economy and Society: Recentering Central Banks
Nathan Coombs, University of Edinburgh, and Matthias Thiemann, Sciences Po
This special issue argues that to make sense of the increased prominence of central banks after the 2008 financial crisis and COVID-19 pandemic requires interrogating the sources of and limits to their governmental power. More “Current Scholarship
Special Issue from Economy and Society: Recentering Central Banks”
Announcement
New Book by Dave Elder-Vass
Inventing Value: The Social Construction of Monetary Worth
More “AnnouncementNew Book by Dave Elder-Vass”
Current Scholarship
Financialization, Structural Power, and the Global Financial Crisis for Europe’s Core and Periphery
Nina Eichacker, University of Rhode Island
As Eurozone governments consider how to respond to crises such as the Covid-19 pandemic going forward, policies that more equitably support governments rescuing domestic financial actors should be considered in tandem with broader financial regulations of structurally important economic institutions. More “Current Scholarship
Financialization, Structural Power, and the Global Financial Crisis for Europe’s Core and Periphery”
Fall 2022 - Money, Sanctions and International Law
Are the West’s Sanctions on Russia Working?
Rawi Abdelal and Alexandra Vacroux, Harvard University
The question of whether sanctions on Russia in response to the war in Ukraine are “working” is vastly more complicated than has been acknowledged. More “Fall 2022 - Money, Sanctions and International Law
Are the West’s Sanctions on Russia Working?”
Current Scholarship
Uncomfortable knowledge in central banking: Economic expertise confronts the visibility dilemma
Jacqueline Best, School of Political Studies, University of Ottawa
How do central bankers cope with the uncomfortable fact that there are significant limits to their expertise without losing authority? More “Current Scholarship
Uncomfortable knowledge in central banking: Economic expertise confronts the visibility dilemma”
Current Scholarship
Finance and Society: Volume 9, Number 1 (2023) Out Now!
Finance and Society: Volume 9 Out Now!
The issue features a keynote essay by Janet Roitman on platform economies beyond the North-South divide. Research articles address climate change central banking, property valuation in Brazil, and the ‘Edges of the financial imagination.’ It is fully open-access! More “Current Scholarship
Finance and Society: Volume 9, Number 1 (2023) Out Now!”
Current Scholarship
Capitalizing Africa – High finance from below
James Christopher Mizes and Kevin P. Donovan, Université Paris-Dauphine and University of Edinburgh
In this issue, our contributors explore new modes of popular and professional reasoning about finance in Africa by Africans, and their specific struggles over how to know, value and manage capital. More “Current Scholarship
Capitalizing Africa – High finance from below”
Announcement
Register Now for 5th Conference on Law & Macroeconomics (October 20-21, 2022, virtual)
Fifth Conference on Law and Macroeconomics (Virtual)
Organized by:
The Wharton School, Georgetown Law and IIEL, Queen Mary University of
London (CCLS), Tulane, Yale Law School
October 20, 2022: 10:00 AM to 1:45 PM EDT (3:00 PM to 6:45… More “Announcement
Register Now for 5th Conference on Law & Macroeconomics (October 20-21, 2022, virtual)”
Fall 2022 - Money, Sanctions and International Law
Sanctions and International Order
Benjamin Coates, Wake Forest University
Even if imposed in the name of international order, sanctions enforced by a powerful group of states are hard to differentiate from economic warfare. Their success will therefore depend as much on brute strength as on global legitimacy. More “Fall 2022 - Money, Sanctions and International Law
Sanctions and International Order”
Current Scholarship
What do indebted employees do? Financialisation and the decline of industrial action
Giorgos Gouzoulis, University of Bristol, UK
This paper argues that household indebtedness is a missing piece of the puzzle when it comes to explaining why aggregate industrial action rates have been on the decline over the last five decades. More “Current Scholarship
What do indebted employees do? Financialisation and the decline of industrial action”