An eerie sense of calm pervaded the bustling streets of Buenos Aires as local Porteños calmly went about their daily business. It was 31st July 2014 and the clock had just run out on the deadline for Argentina’s government to make a $539 million interest payment to...
1 The dual nature of contemporary capitalism resides in the separation of ‘politics’ and ‘economics’ on one side, and ‘finance’ and ‘production’ on the other. However, in financialisation ‘politics’ and ‘finance’ are connected, specifically by an unspoken pact of...
A much remarked upon feature of the Global Financial Crisis (‘GFC’) has been the recourse of governments to permanent states of exception, purportedly justified by the need to protect financial stability. We have seen everything from prime ministers being...
Finance and teleology Critical finance law is the study of one of the most significant teloi of the modern era: the settlement of debt. Why is the settlement of debt a telos? Well it is perhaps no surprise that just as the Scholastic concept of the causa finalis, or...
At this week’s UK Treasury Select Committee hearing on the Budget of 2012, attendees were invited to draw parallels between George Osborne’s view of economics and the military stratagems of Field Marshall Haig. It seems that the British Chancellor of the...
