The Wealth Effect: How the Great Expectations of the Middle Class have Changed the Politics of Banking Crises
Free Public Lecture
106, Yasuko Hiraoka Myer Room
Sidney Myer Asia Centre
This lecture launches the new book, The Wealth Effect (Cambridge University Press, 2019) by Professor Andrew Walter (The University of Melbourne) and Professor Jeffrey Chwieroth (London School of Economics). It shows how the rise of middle class wealth and its 'financialisation' over the past two centuries have transformed the policy and politics of financial stabilisation in democracies. This has important and ongoing consequences for political and financial stability in all countries.
Professor Andrew Walter, Professor of International Relations
Professor Andrew Walter
Professor of International Relations
Faculty of Arts, University of Melbourne
Andrew Walter is Professor of International Relations in the School of Social and Political Sciences, University of Melbourne. He has M.Phil. and D.Phil. degrees from Oxford University. His previous academic positions were at Oxford University and the London School of Economics and Political Science. He has published numerous articles on the political economy of international money and finance and their governance among and within countries. His most recent book is The Wealth Effect: How the Great Expectations of the Middle Class Have Changed the Politics of Banking Crises (Cambridge University Press, 2019, with Prof Jeffrey Chwieroth). His other books include Governing Finance: East Asia’s Adoption of International Standards (Cornell, 2008), Analyzing the Global Political Economy (Princeton, 2009), China, the United States, and Global Order (Cambridge, 2011, with Rosemary Foot), East Asian Capitalism (Oxford, 2012, ed. with Xiaoke Zhang), and Global Financial Governance Confronts the Rising Powers (CIGI, 2016, ed. with C.R. Henning). His current research projects include the politics of wealth and financialization (with Jeffrey Chwieroth), emerging countries in global financial and monetary governance (with Randall Henning), and financialization and populism.
Professor Jeffrey Chwieroth, Professor of International Political Economy
Professor Jeffrey Chwieroth
Professor of International Political Economy
London School of Economics
Jeffrey M. Chwieroth is Professor of International Political Economy in the Department of International Relations, and coinvestigator of the Systemic Risk Centre at the London School of Economics and Political Science. He is the author of The Wealth Effect: How the Great Expectations of the Middle Class Have Changed the Politics of Banking Crises (Cambridge University Press, 2019, with Andrew Walter, University of Melbourne) and Capital Ideas: The IMF and the Rise of Financial Liberalization (Princeton University Press, 2010). He has published numerous articles and book chapters on the political economy of international money and finance. His research has been supported by grants from the Australian Research Council, the AXA Research Fund, the British Academy for the Humanities and Social Sciences, and the Economic and Social Research Council. Webpage: http://personal.lse.ac.uk/chwierot/.