As Blinken heads to Beijing, I'm still trying to puzzle through Scholz's trip last week.

This vg piece from Martin Sandbu gives the best account i've found on the political economy underpinnings of Germany's approach.

'Germany’s doomed China strategy'
ft.com/content/2ff22d…

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Thanks Diane Coyle! So fascinating to look at the book through your eyes. Glad some of the different layers resonated with you.

Thanks so much, Michelle! So much more to be said about shadow banking, housing as an asset, and mortgage Keynesianism

A blog post: 'The Sexy History of Banking.'
Really an effort to get you to read Stefan Eich and Christine Desan's work (she seems not to be on this site but has a blog post LPE Blog). Thx to the ever-excellent Martijn Konings + Amin Samman for invitation michellechihara.com/post/the-sexy-…

In a dream come true, I wrote a long essay on the Mexican election—and the last one hundred years of Mexican political history—for The New York Review of Books. nybooks.com/online/2024/04…

Astonishing and embarrassing to see the German finance minister Christian Lindner trumpet that the IRA was debt financed which is simply not true.

What an ignorant fool who should not be in charge of the public finances of Europe’s largest economy.

El peso, dicen, está más fuerte que años. Pero, ¿será más bien que el dolar está débil? ¿Y que eso responde a la política económica de la Federal Reserve? En su magistral ensayo de nuestro número sobre el TLCAN, Stefan Eich lo explica: nexos.com.mx/?p=77052

Excited to be kicking off our two-day symposium on finance and public policy SSPS/Faculty of Arts and Social Sciences! We will be exploring the mechanisms and relationships that maintain the hold of finance on contemporary policymaking. financeandsocietynetwork.org/gordian-knot-s…

Just put the finishing touches on this manuscript – out from Polity in November!

Publication date is still a way off, but looks like my book is up for pre-order!

It's an extended critique of financialization narratives, and effort to rethink the place of finance in global capitalism, by way of renewed engagement with Marxist debates.

plutobooks.com/9780745348896/…

Jeff Gordon Stefan Eich I cited Stefan's paper in my recent paper on derisking (link for Stefan below)! Really interesting point in there about purposefully imparting uncertainty as a means to end particular capex. edi.bard.edu/research/notes…

Larry Fink, the prophet of the Wall Street Consensus:
'anything we can do, only private finance can afford, with derisking from the state'

Eric Helleiner on 'Economic Globalization's Polycrisis': academic.oup.com/isq/article/68…

Thoughtful paper from Stefan Eich on derisking and uncertainty. Drawing on Keynes, he suggests that the role of the state is not just to reduce calculable risks but to 'shape the space of conventional judgment in which financial expectations are formed' static1.squarespace.com/static/5ae8a7b…

The EPA: Economy and Space theme issue I've been editing with Brett Christophers is out: 'Taking stock [sorry couldn't help it] of asset manager capitalism'. Open access!

It's been a privilege working with these scholars – we're *very* happy with the result! A 🧵 on the contributions.

As if Keynes had never lived… “the more we develop into a steered economy, the more we endanger our democracy.”

To hear a former judge of the German Constitutional Court recycle lazy talking points of the 1930s is only matched by the composition of the panel (and room!).

Kabuki Central Banking

Another example of public subsidies meant for banks flowing outside that special 'franchise' arrangement and feeding the ever-growing shadow banking system. That's how it looks: mundane and efficient - until it's not. All as described in this old piece: papers.ssrn.com/sol3/papers.cf…

Alan S. Kahan reviews Stefan Eich's field defining book, 'The Currency of Politics' in the latest issue of The Journal of Modern History: journals.uchicago.edu/doi/10.1086/72…