Workshop on the Political Economy of Finance


Book marx

The Open Political Economy Group (OPEG) of The Open University will be holding its first workshop on Friday, 26 June.

Title: Money, debt and finance: towards a political economy of financial innovation

Organisers: Dimitris P. Sotiropoulos (The Open University Business School) and Andrew Trigg (Department of Economics, The Open University).

Date: Friday 26 June 2015

Place: The Open University in London, Room 2 (Ground Floor), 1-11 Hawley Crescent, Camden Town, London NW1 8NP. Nearest underground: Camden Town (Northern Line).

Modern developments in financial innovation, usually described by the term ‘financialization’, have been mostly approached from two distinct viewpoints. On the one hand, the mainstream financial literature heavily downplays the historical and social nature of financial innovation in relation to risk management. On the other hand, critical approaches in the field of political economy tend to see contemporary trends in financial innovation as a distortion of capitalist economic structures. This event explores an alternative research agenda in political economy based on Marx’s analysis and other related currents in Political Economy. Financial crises can thus be seen as moments innate in the workings of the economic system but not necessarily a sign of decline; finance and financial innovation can be integral to capitalism and not parasitic or dysfunctional within it. By drawing on the research and expertise of a diverse range of scholars, the event will explore possible foundations for a new analytical paradigm for considering the political economy of money, debt and financial innovation. The workshop is also an opportunity for participants (academics, students, activists) to engage in a dialogue with the speakers and share their perspectives about the development of this paradigm.

Speakers will include (in alphabetical order):

Paul Auerbach, Kingston University, London
Riccardo Bellofiore, University of Bergamo, Italy
Ole Bjerg, Copenhagen Business School, Denmark
Dick Bryan, University of Sydney, Australia
Bob Jessop, Lancaster University, UK
John Kannankulam, Marburg University, Germany
Spyros Lapatsioras, University of Crete, Greece
John Milios, National Technical University of Athens, Greece
Dimitris P. Sotiropoulos, The Open University Business School, UK
Jan Toporowski, SOAS, London
Andrew Trigg, The Open University, UK

Workshop details

The workshop is funded by the Open University research centre, IKD, and is open to all. Registration is free but necessary as there are limited spaces available. Lunch and refreshments will be provided.

More information will follow, including a programme and abstracts of papers.

For registration please email: Atalanta Richards at
For further information: