Dear Soc Financers!
Below is a call for proposals for a September workshop in Ontario, Canada that might be of interest. It’s not exclusively about finance, but finance is certainly a relevant form of calculation for global governance!
Regimes of Calculation and Global Governance
September 19-20, 2013
Balsillie School of International Affairs, Waterloo, Ontario, Canada
Practices of calculation underpin modes of governance and enable new forms of
measurement and prediction at various scales and sites. Our life expectancy and
retirement funds are calculated, along with global greenhouse gases and national debts.
Calculation techniques can be profoundly inventive and transformative, conjuring up
previously unseen terrains of contestation while simultaneously obscuring others.
Calculation thus needs to be considered political from the outset. In sum, calculation has
become a common and taken-for-granted practice that shapes how we act in the world.
Without calculation, too, scholars of global governance are faced with large empirical
gaps and theoretical dead ends.
This workshop seeks to bring together scholars whose objects and purposes of
investigation may differ, but who share an important point of contact: a focus on
calculability as a technique that may come to exert forms of control over people, places
and things. The workshop asks: What is the role of calculation in global governance? To
what extent have recent and on-going ecological and financial crises opened,
constrained or otherwise transformed calculative projects? Using these questions as a
starting point, our workshop addresses ‘Regimes of calculation’ which are practices and
techniques for example that are used to represent social patterns through statistical or
We encourage PhD students and junior scholars from fields including, but not limited to,
political science, sociology, geography, history and economics to submit proposals.
Travel fund support may be available. Proposals that address the following themes are
1) Calculative Vulnerabilities: Environment, Climate Change and Security,
2) Calculative (Im)mobilitites: Economies, Borders, and Regulation,
3) Sustaining Calculabilities: Food and Agriculture, Bodies, Health and Population,
4) Anti-Metrology: Sites of Resistance and Immunity from Calculation.
The event will consist of an opening keynote to situate regimes of calculation and global
governance by Dr. Stuart Elden, and confirmed participants include Dr. Suzan Ilcan,
University of Waterloo, Dr. Michelle Murphy, University of Toronto, Dr. Wendy Larner,
University of Bristol, Dr. Mark Salter, University of Ottawa, and Dr. William Walters,
May 14, 2013
In Hours, Thieves took Millions in A.T.M. Scheme, NYTimes: “The significance here is they are manipulating the financial system to be able to change these balance limits and withdrawal limits,” said Kim Peretti, a former prosecutor in the computer crime division of the Justice Department who is now a partner in the law firm Alston & Bird. “When you have a scheme like this, where the system can be manipulated to quickly get access to millions of dollars that in some sense did not exist before, it could be a systemic risk to our financial system.”
May 3, 2013
The London Review of Books is running an informative essay by Donald Mackenzie that discusses why banks prefer debt over equity.
The piece is written to explain what banks do to raise funds. To make this accessible to a broader audience Donald draws an analogy to personal housing finance. He explains that when a financial institution takes on debt instead of issuing equity, this is tantamount to a homeowner putting down a smaller down payment in favor of a bigger loan. The consequence is that when the asset price falls, people with a lower down payment will find themselves in negative equity – the popular term is ‘underwater’ – much sooner.
I would challenge the line, “Negative equity is nasty for a homeowner, but for a bank it is potentially fatal.” After all, the banks are alive and kicking for precisely the reasons Donald lays out: in the UK, when the credit system crashed they were given a £107 bn subsidy! While countless people continue to struggle with their personal finances, RBS for example, “is expected to report one of its strongest quarterly profits when it discloses results for the first three months of 2013″. According to today’s FT, the bank’s chairman announced it will soon be ready for reprivitization.
Households are not distributed shareholder companies. They do not start suffering financially when they go into negative equity. Down payments are an essential form of personal savings, so when this value get gobbled by market fluctuation the consumer is threatened… immediately. The political result of the £107 bn subsidy is that disappearing equity has been very nasty for consumers in reality, but fatal to banks only in theory.
Despite this tiny burr, an artifact of his tight focus on the internal workings of financial institutions, Donald’s overall presentation in this piece does an excellent job of illustrating how financial theories such as the Modigliani-Miller theorem have influenced banking practice.
…No spoilers! The last two paragraphs – but you’ll have to work to get to them – are priceless.
April 26, 2013
From co-editor Nathan Coombs, a call for papers of possible interest to Soc Finance readers:
Journal of Critical Globalisation Studies
Issue 7 Call for Papers: ‘Modelling Capitalism’
Deadline for submissions: 1 August 2013
The next issue of the Journal of Critical Globalisation Studies on ‘Modelling Capitalism’ will be the journal’s most ambitious special issue to date. We aim to be the first interdisciplinary journal to examine this important global trend: the increasing use of models and computer simulations to understand global economic dynamics.
Frequently held in suspicion by critical thinkers, modelling and simulation technologies are nonetheless more and more integral to how the world works, utilised by international bodies, governments, financial firms, and large corporations. This special issue wishes to approach in a synoptic fashion some of big themes raised by this development. Questions we are concerned with include fundamental philosophical issues: Can economic models ever be realistic? Can they model complexity? Pragmatic questions: Is their use responsible for the depression initiated with the 2008 crash? To what extent are they changing the nature of capitalism? Political debate: Do models merely dress up dominant ideologies in technical drapery? Can models be used for critical purposes, or for proposing economic alternatives? With this issue we thus aim to bring into dialogue scholars working in diverse fields including the philosophy of science, economic modelling, the social studies of finance, and political theory.
To explore these issues, the journal is open to articles, essays and interview contributions in the following streams:
1. How realistic are models?
2. Can models model complexity?
3. Can value theory be modelled?
4. Are models making capitalism in their image?
5. Models: oppressive or liberating technologies?
We are also willing to consider suggestions for other lines of investigation or special features.
In the first instance, please send an abstract to editor-in-chief for issue 7, Nathan Coombs, detailing your proposed contribution: email@example.com
Please send complete manuscripts to: firstname.lastname@example.org.
Final submission deadline: 1 August 2013
We are looking for people in accounting, finance and SSF.
The School of Management looking to expand our research and teaching strengths in finance and accounting and to continue to develop our speciality in the Social Studies of Finance. We are particularly interested in strengthening our portfolio in one of the following specific areas:
In the accounting area:
-Social Studies of Finance
-Financial econometrics/Quantitative finance
-Corporate Finance/Asset pricing
April 4, 2013
From Leon Wansleben:
Attached I send you an ad for a research position at the University of Lucerne/eikones (CH).
Please click here: VisualSemanticsE
We are looking for docs or postdocs who are interested in conducting an independent research project, which connects social studies of finance or broader economic sociological matters with a focus on techniques of observation and visualization. I would be happy answering any further questions (email@example.com) concerning the post.