Huw Macartney
Datos Biográficos
| ID | 4203712 |
|---|---|
| NOMBRE | Huw Macartney |
| NOMBRES | Huw |
| APELLIDO | Macartney |
| FIRMA | MACARTNEY H |
| AFILIACIONES | University of Manchester |
| ORCID | 0000-0002-9829-1162 |
| VERIFICADO | Sí |
| TOTAL DE OBRAS | 14 |
| TOTAL DE CITAS | 56 |
| OBRAS COMO AUTOR | 13 |
| OBRAS COMO EDITOR | 1 |
| PRIMER AÑO DE PUBLICACIÓN | 2008 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2024 |
| ÍNDICE H | 5 |
Shape-shifters, chameleons and recognitional politics
The asset management industry is becoming a systemic feature of global finance, yet has evaded regulators’ efforts to designate its largest firms as systemically important institutions. How has this been achieved? We use as our example BlackRock’s running commentary on the evolving plans of both prudential (banking) and securities (market) regulators in the period from 2008 to 2018. We show how asset managers engaged in successful recognitional p…
All bark and no bite
Since the global financial crisis, the Anglo-American banking sector has been hit by revelation after revelation of mis-selling, fraud, and collusion. In response, state managers in the US and the UK have leveled over £326bn in financial penalties. Authorities claimed that fines were aimed at de-incentivizing misconduct. Drawing on a critical political economy account however, this paper argues that the penalties had a rather different objective:…
EU ring-fencing and the defence of too-big-to-fail banks
Bank ring-fencing is an important post-crisis regulatory response to the moral hazard dilemma surrounding too-big-to-fail banks. Since national governments bore the worst of the costs of rescuing the largest banks, it is reasonable to expect that the authorities would have the greatest incentive to promote tough ring-fence reform. However, in confrontation with the EU’s Liikanen Group and the EU Commission, France and Germany established a weaker…
Critical International Political Economy and the Importance of Dissensus
This short piece responds to Matthias Kranke’s extended review of our 2011 book Critical International Political Economy: Dialogue, Debate, Dissensus. We reiterate the book’s commitment to challenging disciplinary orthodoxies and immanent critique. The response also observes how the review elides a number of crucial definitions to abrogate our commitment to an expansive disciplinary engagement
The paradox of integration? European democracy and the debt crisis
Europe is facing both a political crisis of democracy and legitimacy and an economic crisis of debt and competitiveness. These crises seem to point in two distinct directions, growing social unrest over the Europeanized mechanisms of economic adjustment, and increasing efforts at strengthening those same institutions that regulate the adjustment process. Recent analyses have suggested that this failure of democracy will prove decisive; legitimacy…
From Merlin to Oz
As a response to the crisis in the British banking system and reduced lending, the British government established Project Merlin, a series of lending targets aimed at boosting lending to the British economy, and small and medium-sized enterprises (SMEs) in particular. Given the economic importance of the targets, however, this paper questions why the Merlin agreements were so ineffective. Three explanations are given: first, in light of the chall…
Critical International Political Economy
Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the
Finding space in critical IPE
Crisis for the State or Crisis of the State
The Conservative‐Liberal Democrat government's policy risks turning the financial crisis into a crisis of the state. This article argues that the current trajectory of the British state risks exacerbating the very social antagonisms which it has fought so hard to contain in recent years. It contends that the crisis (2007–09) was a crisis of neoliberalism and yet, paradoxically, neoliberalism—in the form of further depoliticisation and a new polit…
Variegated Neoliberalism
'Variegated Neoliberalism' offers analyses of global & European banking communities, & economic research centres in the UK, France & Germany. It explains the current neoliberal order in global finance & the challenges being faced
Variegated neo-liberalism
This article develops a twofold critique: on the one hand it addresses those accounts commonly associated with the Varieties of Capitalism literature and their associated understanding of neo-liberalism to argue that there is a dominant tendency to collapse into a binary analysis that asserts either we are witnessing convergence or we are experiencing path dependency. On the other hand it addresses ‘neo-Gramscian’ accounts which tend to overempha…
Disagreeing to Agree
The article argues that amid a cacophony of analyses of the causes of the current financial crisis, those daring to consider its implications and outcomes are decidedly cautious. Fundamentally, crisis managers appear intent on treating this as a minor glitch in an otherwise functioning market. This is a controversial claim. Nonetheless it is the legacy of the perception that neoliberalism is ‘the only alternative’; it emphasises the need, however…
Articulating Particularistic Interests
Recent debates in IPE have (re)visited questions of the material and ideological in historical materialist analysis. The article begins with a rereading of the Italian Marxist Antonio Gramsci which argues that, according to Gramsci, certain (organic) material phenomena reveal the contradictions of the capital relation and hence precipitate the role of ideas. The focus of the article is then an empirical examination of the role of intellectuals in…
Collaboration, Adaptation, or Disruption? Wall Street, Fintech and Corporate Bond Trading
Fixed-income corporate bond markets were the last bastion of non-electronic trading activity. For most of the twentieth century these markets were also dominated by the largest Wall Street dealer-banks. These banks had long argued that corporate bonds were too complex and illiquid to be electronified. In reality though, opaque Over-The-Counter trading in these bonds allowed Wall Street to monopolise highly uncompetitive markets; this market envir…
EU ring-fencing and the defence of too-big-to-fail banks
Bank ring-fencing is an important post-crisis regulatory response to the moral hazard dilemma surrounding too-big-to-fail banks. Since national governments bore the worst of the costs of rescuing the largest banks, it is reasonable to expect that the authorities would have the greatest incentive to promote tough ring-fence reform. However, in confrontation with the EU’s Liikanen Group and the EU Commission, France and Germany established a weaker…
Variegated neo-liberalism
This article develops a twofold critique: on the one hand it addresses those accounts commonly associated with the Varieties of Capitalism literature and their associated understanding of neo-liberalism to argue that there is a dominant tendency to collapse into a binary analysis that asserts either we are witnessing convergence or we are experiencing path dependency. On the other hand it addresses ‘neo-Gramscian’ accounts which tend to overempha…
Disagreeing to Agree
The article argues that amid a cacophony of analyses of the causes of the current financial crisis, those daring to consider its implications and outcomes are decidedly cautious. Fundamentally, crisis managers appear intent on treating this as a minor glitch in an otherwise functioning market. This is a controversial claim. Nonetheless it is the legacy of the perception that neoliberalism is ‘the only alternative’; it emphasises the need, however…
From Merlin to Oz
As a response to the crisis in the British banking system and reduced lending, the British government established Project Merlin, a series of lending targets aimed at boosting lending to the British economy, and small and medium-sized enterprises (SMEs) in particular. Given the economic importance of the targets, however, this paper questions why the Merlin agreements were so ineffective. Three explanations are given: first, in light of the chall…
Articulating Particularistic Interests
Recent debates in IPE have (re)visited questions of the material and ideological in historical materialist analysis. The article begins with a rereading of the Italian Marxist Antonio Gramsci which argues that, according to Gramsci, certain (organic) material phenomena reveal the contradictions of the capital relation and hence precipitate the role of ideas. The focus of the article is then an empirical examination of the role of intellectuals in…
The paradox of integration? European democracy and the debt crisis
Europe is facing both a political crisis of democracy and legitimacy and an economic crisis of debt and competitiveness. These crises seem to point in two distinct directions, growing social unrest over the Europeanized mechanisms of economic adjustment, and increasing efforts at strengthening those same institutions that regulate the adjustment process. Recent analyses have suggested that this failure of democracy will prove decisive; legitimacy…
Finding space in critical IPE
Crisis for the State or Crisis of the State
The Conservative‐Liberal Democrat government's policy risks turning the financial crisis into a crisis of the state. This article argues that the current trajectory of the British state risks exacerbating the very social antagonisms which it has fought so hard to contain in recent years. It contends that the crisis (2007–09) was a crisis of neoliberalism and yet, paradoxically, neoliberalism—in the form of further depoliticisation and a new polit…
All bark and no bite
Since the global financial crisis, the Anglo-American banking sector has been hit by revelation after revelation of mis-selling, fraud, and collusion. In response, state managers in the US and the UK have leveled over £326bn in financial penalties. Authorities claimed that fines were aimed at de-incentivizing misconduct. Drawing on a critical political economy account however, this paper argues that the penalties had a rather different objective:…
Collaboration, Adaptation, or Disruption? Wall Street, Fintech and Corporate Bond Trading
Fixed-income corporate bond markets were the last bastion of non-electronic trading activity. For most of the twentieth century these markets were also dominated by the largest Wall Street dealer-banks. These banks had long argued that corporate bonds were too complex and illiquid to be electronified. In reality though, opaque Over-The-Counter trading in these bonds allowed Wall Street to monopolise highly uncompetitive markets; this market envir…
Articulating Particularistic Interests
Recent debates in IPE have (re)visited questions of the material and ideological in historical materialist analysis. The article begins with a rereading of the Italian Marxist Antonio Gramsci which argues that, according to Gramsci, certain (organic) material phenomena reveal the contradictions of the capital relation and hence precipitate the role of ideas. The focus of the article is then an empirical examination of the role of intellectuals in…
Variegated neo-liberalism
This article develops a twofold critique: on the one hand it addresses those accounts commonly associated with the Varieties of Capitalism literature and their associated understanding of neo-liberalism to argue that there is a dominant tendency to collapse into a binary analysis that asserts either we are witnessing convergence or we are experiencing path dependency. On the other hand it addresses ‘neo-Gramscian’ accounts which tend to overempha…
Disagreeing to Agree
The article argues that amid a cacophony of analyses of the causes of the current financial crisis, those daring to consider its implications and outcomes are decidedly cautious. Fundamentally, crisis managers appear intent on treating this as a minor glitch in an otherwise functioning market. This is a controversial claim. Nonetheless it is the legacy of the perception that neoliberalism is ‘the only alternative’; it emphasises the need, however…
Variegated Neoliberalism
'Variegated Neoliberalism' offers analyses of global & European banking communities, & economic research centres in the UK, France & Germany. It explains the current neoliberal order in global finance & the challenges being faced
Critical International Political Economy
Amidst the continued debate surrounding the foundations of IPE, coupled with recent methodological and theoretical divides this book argues that an attempt should be made to re-visit the notion of the
Finding space in critical IPE
Crisis for the State or Crisis of the State
The Conservative‐Liberal Democrat government's policy risks turning the financial crisis into a crisis of the state. This article argues that the current trajectory of the British state risks exacerbating the very social antagonisms which it has fought so hard to contain in recent years. It contends that the crisis (2007–09) was a crisis of neoliberalism and yet, paradoxically, neoliberalism—in the form of further depoliticisation and a new polit…
From Merlin to Oz
As a response to the crisis in the British banking system and reduced lending, the British government established Project Merlin, a series of lending targets aimed at boosting lending to the British economy, and small and medium-sized enterprises (SMEs) in particular. Given the economic importance of the targets, however, this paper questions why the Merlin agreements were so ineffective. Three explanations are given: first, in light of the chall…
The paradox of integration? European democracy and the debt crisis
Europe is facing both a political crisis of democracy and legitimacy and an economic crisis of debt and competitiveness. These crises seem to point in two distinct directions, growing social unrest over the Europeanized mechanisms of economic adjustment, and increasing efforts at strengthening those same institutions that regulate the adjustment process. Recent analyses have suggested that this failure of democracy will prove decisive; legitimacy…
Critical International Political Economy and the Importance of Dissensus
This short piece responds to Matthias Kranke’s extended review of our 2011 book Critical International Political Economy: Dialogue, Debate, Dissensus. We reiterate the book’s commitment to challenging disciplinary orthodoxies and immanent critique. The response also observes how the review elides a number of crucial definitions to abrogate our commitment to an expansive disciplinary engagement
EU ring-fencing and the defence of too-big-to-fail banks
Bank ring-fencing is an important post-crisis regulatory response to the moral hazard dilemma surrounding too-big-to-fail banks. Since national governments bore the worst of the costs of rescuing the largest banks, it is reasonable to expect that the authorities would have the greatest incentive to promote tough ring-fence reform. However, in confrontation with the EU’s Liikanen Group and the EU Commission, France and Germany established a weaker…
All bark and no bite
Since the global financial crisis, the Anglo-American banking sector has been hit by revelation after revelation of mis-selling, fraud, and collusion. In response, state managers in the US and the UK have leveled over £326bn in financial penalties. Authorities claimed that fines were aimed at de-incentivizing misconduct. Drawing on a critical political economy account however, this paper argues that the penalties had a rather different objective:…
Shape-shifters, chameleons and recognitional politics
The asset management industry is becoming a systemic feature of global finance, yet has evaded regulators’ efforts to designate its largest firms as systemically important institutions. How has this been achieved? We use as our example BlackRock’s running commentary on the evolving plans of both prudential (banking) and securities (market) regulators in the period from 2008 to 2018. We show how asset managers engaged in successful recognitional p…
Collaboration, Adaptation, or Disruption? Wall Street, Fintech and Corporate Bond Trading
Fixed-income corporate bond markets were the last bastion of non-electronic trading activity. For most of the twentieth century these markets were also dominated by the largest Wall Street dealer-banks. These banks had long argued that corporate bonds were too complex and illiquid to be electronified. In reality though, opaque Over-The-Counter trading in these bonds allowed Wall Street to monopolise highly uncompetitive markets; this market envir…
Political science (13 obras) · Economics (11 obras) · Law (11 obras) · Politics (11 obras) · Law (10 obras) · Political economy (10 obras) · Housing, Finance, and Neoliberalism (7 obras) · Sociology (7 obras) · Epistemology (5 obras) · Political and Economic history of UK and US (5 obras)