Baines, ‘Accumulating through Food Crisis? Farmers, Commodity Traders and the Distributional Politics of Food Crisis’

May 2, 2017

ABSTRACT This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average income of large-scale farms reached the earnings threshold of the top percentile of US households, and agricultural commodity traders markedly outperformed … Read More

Did the Market Punish United Airlines?

April 19, 2017

In the days following the wide-spread distribution of a video depicting Chicago transportation police officers violently removing Dr. David Dao from a United Airlines flight, there was celebration as the market pummelled the airlines shares (UAL). Or did it? Although the incident generated a great deal of outrage on Twitter, and early in the trading … Read More

DiMuzio and Dow, ‘Uneven and Combined Confusion’

February 17, 2017

ABSTRACT This article offers a critique of Alexander Anievas and Kerem Nişancioğlu’s “How the West came to rule: the geopolitical origins of capitalism”. We argue that while all historiography features a number of silences, shortcomings or omissions, the omissions in How the West came to rule lead to a mistaken view of the emergence of … Read More

Fix, ‘Energy and Institution Size’

February 10, 2017

ABSTRACT Why do institutions grow? Despite nearly a century of scientific effort, there remains little consensus on this topic. This paper offers a new approach that focuses on energy consumption. A systematic relation exists between institution size and energy consumption per capita: as energy consumption increases, institutions become larger. I hypothesize that this relation results … Read More

No. 2017/01: Cochrane, ‘Differentiating Diamonds’

January 3, 2017

In 1939, the De Beers diamond company faced a dire situation. The company’s accumulation had been dwindling for decades. The Great Depression not only pushed diamond sales to historic lows, it shifted American attitudes around consumption and thriftiness to the detriment of the luxury object. In this article, I bring together Liz McFall’s assertion that … Read More

Spiegel Online Analysis of Deutsche Bank’s Differential Misfortune

January 2, 2017

Deutsche Bank was a central figure of the 2008 global financial crisis. While some of its compatriots, such as Goldman Sachs, have re-ascended to the commanding heights of global capital, Deutsche remains a shadow of its former self as seen in the graph below (screenshot from Yahoo! Finance). A comparison of Deutsche Bank (DB) with … Read More

Call for Papers for a Special Issue of the RECASP: ‘Broadening the Vista’

December 31, 2016

Click here for the official call. Submissions deadline: December 31st, 2016 Submission guidelines: http://www.recasp.com/contact Contact: Tim Di Muzio, University of Wollongong, Australia (tdimuzio@uow.edu.au) Alternative location: http://bnarchives.yorku.ca/488/

Trump, US Public Debt, and the Future of Global Financial Power

December 16, 2016

The following post is based loosely on my presentation at the first annual Thammasat University-Conference for Asia Pacific Studies in Phuket, Thailand (8-9 December 2016).  What a difference a few months makes. This past summer I published a piece in the European Journal of International Relations on the role of US Treasury securities as the … Read More