The ownership & management of financial assets is ever-more concentrated. This fuels systemic risk but occurs during times of growing risk supervision. In our new paper Hayley James and I address this puzzle by studying the rise of the so-called Master Trust. www.tandfonline.com/doi/full/10.... 🧵
Len Seabrooke
@lenseabrooke.bsky.social
Prof. International Political Economy at the Copenhagen Business School. Research: global wealth chains / IMF / consultancies / green accounting / experts & algorithms.
New article further theorizing 'Climateflation' in the field of International Political Economy, with @james7jackson.bsky.social www.tandfonline.com/doi/full/10....
Enter the great volatility? Synthesizing a theory of ‘climateflation’ for international political economy
International Political Economy (IPE) has long viewed inflation as a central force driving instability. More recently, scholars have foregrounded climate change as a central theme of analysis for I...
tandfonline.com
A new opening in our department. If this is something you would consider and have questions, please get in touch! www.cbs.dk/om-cbs/job-o...
Associate Professorship in Economic Sociology and Market Governance
cbs.dk
Phenomenal World Issue 1 is here: AMERICAN POWER With writing on ‘declinism,’ the dollar, the Donroe Doctrine, Iran, Cuba, Brazil, Venezuela, China, the Gulf, and more. Now all online— phenomenalworld.org/issue/issue-...
Governing through guesstimates: mock precision in international organisations, by Lukas Linsi, Seiki Tanaka, Francesco Giumelli, & @lenseabrooke.bsky.social
Governing through guesstimates: mock precision in international organisations
International organisations (IOs) collect and disseminate a wide array of statistics. In many cases, the phenomena these statistics seek to quantify defy precise measurement. Hard-to-measure statis...
tandfonline.com
I'm hiring two Post-Doctoral Fellows in International Political Economy/Economic Sociology as part of the ADD project funded by the Velux Foundation. The posts are linked to an AI Sustainability package led by Christina Lioma at KU and me at CBS, drawing insights from comp sci & political economy.
Great to see this out from Saila Stausholm, @richardjmurphy.bsky.social & @lenseabrooke.bsky.social, a continuation of the broader work from our group on the Big Four. Read if you want to understand how these firms manage conflicting market demands across jurisidctions: doi.org/10.1111/1911...
👁️🗨️ Flinders Uni in Adelaide has a Political Economy lecturer post—calling for expertise in IPE, Asia, climate, and geoeconomics—and where you would get to work with the likes of the wonderful Maryanne Kelton and the good folk in the Jeff Bleich Centre. See here: www.seek.com.au/job/85900447
Lecturer in Political Economy Job in Bedford Park, Adelaide SA - SEEK
Contribute to world-class teaching and research in political economy at a university ranked in the top 2% worldwide.
seek.com.au
📔My book comes out May 29! Based largely on my own research at the intersection of #EconomicSociology and #BehavioralEconomics, it is intended for an educated general audience. You can pre-order now on Amazon ($24.00): amazon.com/dp/0226839311
Irrational Together: The Social Forces That Invisibly Shape Our Economic Behavior
In economic sociologist Adam S. Hayes takes readers on a fascinating journey to uncover the often-unseen social forces that shape our financial behavior. Drawing on original research and engaging r...
amazon.com
Wall Street won’t rewild the planet. Or decarbonize mining. Or defossilize agriculture. For @phenomenalworld.bsky.social I unpack why chasing investability harms climate goals in sectors beyond energy & transport - & what states can do with derisking failures www.phenomenalworld.org/analysis/unb...
Unbankable Transitions | Rosie Collington
How the politics of investability determine climate financing
phenomenalworld.org
How are things turned into assets? We argue that #assetization requires bridging different scales: transnational ideas of asset classes need to be linked to messy local realities. How is this done? And why does this matter? We study #impactinvesting in the UK and Geneva to address these Qs. 🧵
Mark Blyth and I sang a duet. It’s about how a country’s growth model shapes its state capacity to decarbonize - both the advantages and disadvantages. Enjoy! @ripejournal.bsky.social www.tandfonline.com/doi/full/10....
Decarbonising national growth models: derisking, ‘hobbled states’, and the decarbonisation possibility frontier
This article brings together Growth Model Theory and climate change under the assumption that economic growth will remain a policy priority during the green transition. The relevant research questi...
tandfonline.com
Thrilled to see my article w. @seanoriain.bsky.social on Ireland's Corporate Tax Games w. @ripejournal.bsky.social, drawing on global wealth chains @lenseabrooke.bsky.social, coding of capital by Katherina Pistor & infrastructural power @benbraun.bsky.social www.tandfonline.com/doi/full/10....
Tax games: the case of Ireland in the global dynamics of corporate taxation
This article proposes a new analytical framework of ‘tax games’ providing fresh insights into the dynamics of global corporate taxation. Tax games are defined as institutionalised configurations of...
tandfonline.com
1/ PwC is trimming its global network, offloading units and exiting countries, to reduce risk after an unprecedented wave of scandals.
PwC exits more than a dozen countries in push to avoid scandals
African firms say they lost over a third of their business as global executives forced them to drop risky clients
on.ft.com
Important piece by the magnificent @martesaga.bsky.social and the first empirical publication of our WEB-project ✨ www.sv.uio.no/iss/english/... @unioslo-svfak.bsky.social
My article about the political activity of the inner circle and wealthy owners is out in @sfjournal.bsky.social! You can read it here: academic.oup.com/sf/advance-a... Some highlights in the thread.
The EU threatens new taxes on US Big Tech. Again. This time in response to Trump's tariff tirade. This is the latest in a decade-long transatlantic spat that has radically transformed the global tax landscape. A quick 🧵
EU could tax Big Tech if Trump trade talks fail, says von der Leyen
European Commission president tells FT she wants ‘balanced’ deal but could hit US services in retaliation
ft.com
The🌎economy is in a crisis, & yet the dollar is falling. Investors are turning up their noses at US debt, instead snapping up gold & German bunds as "safe assets" The Trump admin's policies are, to borrow from Bob Gilpin, tarnishing the "prestige" of the US economy & the 💵🧵1/
#Crypto began as an anti-state, anti-credit project. Now it's an integral part of the state-backed credit system - just think of Trump’s 'Bitcoin Reserve'. How and why did this happen? Find answers in our new open-access article in @ripejournal.bsky.social: www.tandfonline.com/doi/full/10....
A credit theory of anti-credit money: How the cryptocurrency sphere turned into a shadow banking system
Cryptocurrencies were designed to function as money without banks. How, then, could they run into a banking crisis in 2022? We argue that the evolution of the crypto sphere into a credit based syst...
tandfonline.com
Full special issue out today: Greening the Economy: Toward a New Political Economy: onlinelibrary.wiley.com/toc/17485991... See the open access article by GJ and yours truly: "Green Transitions: Rethinking Political Economy in the Context of Climate Change": onlinelibrary.wiley.com/doi/10.1111/...
Green Transitions: Rethinking Political Economy in the Context of Climate Change
Although political economy (PE) has long engaged with environmental issues, climate change has remained at the margins of the field until very recently. This article argues that fully addressing the ....
onlinelibrary.wiley.com
I don't know about you, but I am getting impatient waiting for the capitalists to save us. What happened to the whole "state as the managing committee of the bourgeoisie" thing? A political economy 🧵 1/
The first episode of my new Radio 4 series, Untaxing, is 1.45pm today; then the same time every day this week. Available on BBC Sounds as soon as each episode airs. BBC Sounds link: www.bbc.co.uk/programmes/m...
New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change doi.org/10.1177/1024...
📚✨ New paper alert: How are we doing on turning nature into a source of calculable risk? We take a critical look at how 1990s risk models and environmental science enable riskification, and study very new regulatory strategies that go beyond it. #openaccess: www.tandfonline.com/doi/full/10....
Martin's The Meddlers shows how an Anglophone & French elite technocratic network replaced colonization with international cooperation to justify sovereign interventions in lockstep with capitalist interests. My review in @historians.org's American Historical Review. academic.oup.com/ahr/article-...
4. Lukas Bogner wrote a great piece on the role of law and transnational expertise in shaping the 'asset coding' of green finance that upholds many pillars of conventional finance (and hence limits its effectiveness) journals.sagepub.com/doi/10.1177/...
𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗮 𝗧𝗿𝘂𝘀𝘁 𝗠𝗮𝗰𝗵𝗶𝗻𝗲: 𝗙𝗶𝗱𝗲𝗹𝗶𝘁𝘆 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺𝘀 𝗶𝗻 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻𝘀. 𝙎𝙥𝙚𝙘𝙞𝙖𝙡 𝙄𝙨𝙨𝙪𝙚: 𝙏𝙧𝙪𝙨𝙩 𝙞𝙣 𝙐𝙣𝙘𝙚𝙧𝙩𝙖𝙞𝙣 𝙏𝙞𝙢𝙚𝙨 𝗝𝗮𝗻 𝗙𝗿𝗶𝗲𝗱𝗿𝗶𝗰𝗵, 𝗧𝗲𝘀𝘀𝗮 𝗞𝘂𝗻𝗸𝗲𝗹, 𝗟𝗲𝗼𝗻𝗮𝗿𝗱 𝗦𝗲𝗮𝗯𝗿𝗼𝗼𝗸𝗲, 𝗞𝗲𝘃𝗶𝗻 𝗟. 𝗬𝗼𝘂𝗻𝗴 @lenseabrooke.bsky.social doi.org/10.1177/0170...