The corona crisis is posing unique challenges to teachers and students as traditional courses are redesigned for online teaching. Some students lack the time and resources to participate synchronously (e.g. attend live seminars), while others prefer the structure and sense of community that synchronous teaching brings. To make our course inclusive of both groups of students, my co-teacher Janna Goijaerts and I have chosen to combine synchronous and asynchronous forms of participation. So far, we have found that this combination helps students stay engaged and connected, even when at a physical distance from us and from each other.
On Wednesday, May 20, we will be hosting a webinar on how to improve student engagement through sychronous and asynchronous teaching tools. The webinar is organized by the Center for Innovation and the ICLON at Leiden University.
For information on how to join, click here.
Together with Jeanne Lazarus and Daniel Mertens, I am organizing a mini-conference on The Welfare State in Financial Times for the 2020 SASE conference in Amsterdam (July 18-20). Paper abstracts can be submitted from November 25, 2019 until January 10, 2020.
In this mini-conference, we hope to explore the complicated new ways in which social and financial policies have become entangled in contemporary welfare states. Particularly, we are interested in the question of how processes of financialization are shaping welfare state development. On the one hand, the contributions to the mini-conference would map the ongoing financialization of the welfare state in contemporary political economies, both historically and comparatively, by focusing on the introduction and expansion of financial tools and mechanisms in public and private welfare provision. On the other hand, we welcome contributions that study how welfare states and other social groupings have debated and introduced new public policies and financial tools that promise to protect against growing financial risks in everyday life. Looking at these promises of protections through the market requires a fundamentally different understanding of the nature of the welfare state than the scholarship’s traditional focus on decommodification.
This mini-conference has several aims. First, we hope to reintegrate scholarship on welfare and finance to come to a better understanding of how the welfare state and the financial system are mutually intertwined, both historically and comparatively. Second, we hope to approach the mini-conference theme using a broader conception of finance: to include not just financial actors and their interest organizations, but also financial ideas and narratives, norms and practices that interact at different scales of the modern polity. Third, we would like to reflect on how the use of financial tools can be considered as a tool to protect household living standards and economic stability. Finally, we hope our mini-conference forms the basis of new conceptualization of welfare state development under financialized capitalism.
We welcome papers with varied disciplinary backgrounds discussing the following issues:
- Variations of finance-welfare interactions across political economies and over time;
- Lineages and linkages of institutional/ideational change in social policy areas and financial systems;
- State experiments with financial and technological innovations to fund and manage welfare programs;
- Political coalitions undergirding or confronting the welfare-finance nexus;
- The distributional and political effects of financial market-based social policies, particularly on class, gender, and race;
- The relationship between financialization and contemporary paradigms of social policy analysis such as marketization, privatization and social investment;
- Histories and narratives on the mutually constitutive nature of the financial system and the welfare state;
- Conceptual and methodological discussions that offer new research strategies to study financialization within the welfare state.
More details can be found on the SASE website (scroll all the way down for our mini-conference).
Philip Mader and I will be presenting (for the first time!) the introductory chapter for the Routledge International Handbook of Financialization, which we wrote together with Daniel Mertens, on May 23 in London. Our talk is part of a one-day workshop at the Open University, organized by Pauline Gleadle and Stuart Parris, on the conceptualization and operationalization of financialization.
More information, including the possibility to register for the workshop, can be found here.
I am back at the Institute of Public Administration as of this week, after an amazing stay at the Netherlands Institute of Advanced Study. And the new semester is immediately off to a good start: this week, I am giving two talks on the flipped classroom on research methods I have been developing and teaching with my colleague Alexandre Afonso.
On Wednesday, January 30, I will kick off the first of a series of upcoming LunchTalks on online education at the Faculty of Governance and Global Affairs (don’t believe the text posted on the university website, after the link; it won’t be boring).
And on Thursday, January 31, Alexandre and I will be presenting during the symposium “Best of both worlds: adding online experiences to on-campus education,” where we will be sharing our experiences with the flipped classroom format of teaching.
For more information on the flipped classroom, click here. Or otherwise, just enjoy this great “flipping” gif:
Our panel on financialization and inequality at the Harvard Law School conference on money as a democratic medium can now be viewed on YouTube or below. Hear Gerald Epstein, Rana Foroohar, Rebecca Spang and yours truly speak on this important topic, under the inspired chairpersonship of Sandy Brian Hager.
For a recap of the conference and all other video presentations, follow this link.
On January 25, Tobias Wiß (Johannes Kepler University Linz) and I will be presenting our paper “Pension Funds and Sustainable Investment: Comparing Regulation in Denmark, Germany and the Netherlands” (with Karen Anderson, University College Dublin) during the Netspar International Pension Workshop in Leiden.
Our paper reports the first findings of a Netspar-funded research project on the regulation of sustainable investment by funded pension schemes. In this study, we use insights from comparative political economy and financialization studies to direct attention to the institutional underpinnings of pension schemes’ investment behaviour. The starting point of the paper is the assumption that regulation either incentivizes or discourages sustainable by pension funds. We furthermore assume that the type of regulation present in a pension system is influenced by institutional characteristics, such as the history of the pension system, the capitalization of the second pillar, the vehicles for pension provision, and the mode of governance. The paper employs a broad conceptualization of regulation, incorporating 1) national legislation, 2) regulatory activities by supervisory agencies and 3) self-regulation by the pension sector itself.
In all three countries, there is a growing sense that sustainability is related to (positive) return and that pension schemes, as other groups of politics, the society and the economy, need to take on responsibility for future sustainability, especially in times of climate change. Nonetheless, we do find substantial differences with regard to the regulation of sustainable investment by pension funds: highly developed in the Netherlands, moderately developed in Denmark and underdeveloped in Germany. In none of the cases, legal requirements for sustainable investment exist. Pension investments in all three cases are guided by the prudent person rule, although other rules may exist (e.g. ban on cluster munition in the Netherlands, quantitative restrictions in Germany). The Netherlands stands out as the only case, where 1) the industry has initiated self-regulation on sustainable investment and 2) where the regulator is developing a more all-encompassing attitude towards financial risk, that for instance also includes climate risk. Finally, we find that fund-level activities toward ESG investments are considerable in the Netherlands and Denmark and rather moderate in Germany.
In the coming months, we’ll be revising our paper before it will be published as a Netspar working paper. Keep on an eye on this website or our project page on ResearchGate for any updates.