On 20th of June 2017, Professor Lisa Herzog (Bavarian School of Public Policy) will give a public lecture on “International Financial Domination". The lecture is organized by the Centre for Ethics and Poverty Research (CEPR) together with the AG Social Geography. It will take place in HS 422 at the Faculty of Natural Sciences, Hellbrunner Straße 34, 5020 Salzburg.
The lecture will be given in German and is followed by a discussion.
Please register at firstname.lastname@example.org
This paper suggests a way of conceptualization the global financial system by developing the notion of “international financial domination.” Drawing on notions of structural justice and republican freedom, it suggests that the structures of global finance can distort the position of countries in various ways, thereby also impacting on the interactions between them. Two interactional mechanisms – sovereign debt and capital flows – and two structural mechanisms – reserve currencies and representation in international financial institutions – are discussed; the latter have not received much attention in the philosophical debate so far. The structures of the global financial system, and in particular the role of the US dollar and the Euro as reserve currencies and the role of the FED as “dealer of last resort” (Mehrling 2011) show that it is wrong to conceptualize global justice as justice between relatively independent states, as Rawls (1999) had done.
About the speaker:
Lisa Herzog works at the intersection of political philosophy and economics. She focuses on the history of political and economic ideas, normative questions around markets (especially financial markets) and ethics in organizations.
Herzog studied philosophy, economics, political science and modern history at the universities of Munich (LMU) and Oxford. Between 2008 and 2011 she wrote her doctoral thesis entitled “Inventing the Market. Smith, Hegel, and Political Theory” as a Rhodes Scholar at Oxford University. Since then she has worked at the universities of Munich (TUM), St. Gallen, Leuven, Frankfurt and Stanford. In summer 2016 she took up the position of professor of political philosophy and theory at TUM’s Bavarian School of Public Policy.