Hostname: page-component-586b7cd67f-t7czq Total loading time: 0 Render date: 2024-11-27T22:11:14.244Z Has data issue: false hasContentIssue false

On the constitutive effects of contingent associations

Published online by Cambridge University Press:  09 November 2023

Matthias Thiemann*
Affiliation:
Sciences Po, France
*
Corresponding author: Matthias Thiemann, SciencesPo, Centre d’études Européens, 27 Rue Saint Guillaume,75007 Paris, France. Email:[email protected]
Rights & Permissions [Opens in a new window]

Extract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

Proposing a non-moralistic critique of the changes to neoliberal capitalism post-crisis, Konings provides a refreshing take on the dynamics of financial governance, emphasizing the way linkages between state and finance are structured by a speculative logic internal to neoliberalism. In this essay, I raise a number of questions about this characterization of neoliberalism, focusing on issues of agency and durability. First, does the turn to systems theory allow for a satisfactory account of the role that agency has played in the historical expansion of neoliberalism? And second, is it possible to envisage an end to neoliberalism when neoliberalism is so closely identified with capital dynamics in general?

Type
Forum: Capital and time
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits noncommercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
© 2018 The Author(s)

References

Adrian, T., Covitz, D. and Liang, N. (2013) Financial stability monitoring. Federal Reserve Bank of New York Staff Reports, no. 601. Available at: <https://www.newyorkfed.org/research/economists/medialibrary/media/research/staff_reports/sr601.pdf>. Accessed 5 September 2018..+Accessed+5+September+2018.>Google Scholar
Biebricher, T. (2012) Neoliberalismus zur Einführung. Hamburg: Junius-Verlag.Google Scholar
Esposito, E. (2011) The Future of Futures: The Time of Money in Finance and Society. Cheltenham: Edward Elgar.CrossRefGoogle Scholar
Hartmann, D. (2015) Krisen - Kämpfe - Kriege, Band I: Alan Greenspans endloser« Tsunami » - eine Angriffswelle zur Erneuerung kapitalistischer Macht. Berlin: Assoziation A.Google Scholar
Konings, M. (2007) The institutional foundations of US structural power in international finance: From the re-emergence of global finance to the monetarist turn. Review of International Political Economy, 15(1): 3561.CrossRefGoogle Scholar
Konings, M. (2018) Capital and Time: For a New Critique of Neoliberal Reason. Stanford, CA: Stanford University Press.Google Scholar
Krippner, G. (2007) The making of US monetary policy: Central bank transparency and the neoliberal dilemma. Theory and Society, 36(6): 477513.CrossRefGoogle Scholar
Mallaby, S. (2016) The Man Who Knew: The Life and Times of Alan Greenspan. London: Bloomsbury.Google Scholar
Mehrling, P. (2011) The New Lombard Street: How the Fed Become the Dealer of Last Resort. Princeton, NJ: Princeton University Press.10.1515/9781400836260CrossRefGoogle Scholar
Mirowski, P. and Plehwe, D. (eds.) (2013) The Road from Mont Pèlerin: The Making of the Neoliberal Thought Collective. Harvard, MA: Harvard University Press.Google Scholar
Patnaik, P. (2009) The Value of Money. New York, NY: Columbia University Press.10.7312/patn14676CrossRefGoogle Scholar
Pistor, K. (2013) A legal theory of finance. Journal of Comparative Economics, 41(2): 315–30.CrossRefGoogle Scholar
Thiemann, M. (2018) The Growth of Shadow Banking: A Comparative Institutional Analysis. Cambridge: Cambridge University Press.CrossRefGoogle Scholar