Hostname: page-component-848d4c4894-x24gv Total loading time: 0 Render date: 2024-05-21T13:06:44.257Z Has data issue: false hasContentIssue false

Introduction: Neglecting, Rediscovering and Thinking Again about Power in Finance

Published online by Cambridge University Press:  22 May 2014


The articles in this special issue survey comparatively the shape of power and finance. The introduction sketches the history of the study of the political role of financial markets and examines the reasons for the comparative neglect of the subject by the discipline of political science.

Copyright © Government and Opposition Ltd 2014 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)



Michael Moran is Emeritus Professor of Government at the University of Manchester Business School. Contact email: Anthony Payne is Co-director of the Sheffield Political Economy Research Institute (SPERI) at the University of Sheffield. Contact email:


Bailey, F.G. (1970), Strategems and Spoils: A Social Anthropology of Politics (New York: Schocken Book).Google Scholar
Bell, S. and Hindmoor, A. (2014), ‘The Ideational Shaping of State Power and Capacity: Winning Battles but Losing the War over Bank Reform in the US and UK’, Government and Opposition, 49(3): 342368.Google Scholar
Datz, G. (2014), ‘Varieties of Power in Latin American Pension Finance: Pension Fund Capitalism, Developmentalism and Statism’, Government and Opposition, 49(3): 483510.Google Scholar
Engelen, E., Ertürk, I., Froud, J., Johal, S., Leaver, A., Moran, M., Nilsson, A. and Williams, K. (2011), After the Great Complacence: Financial Crisis and the Politics of Reform (Oxford: Oxford University Press).Google Scholar
Germain, R.D. (1997), The International Organization of Credit: States and Global Finance in the World-Economy (Cambridge: Cambridge University Press).Google Scholar
Goodin, R. (2009), ‘The State of the Discipline, the Discipline of the State’, in R. Goodin (ed.), The Oxford Handbook of Political Science (Oxford: Oxford University Press): 357.Google Scholar
Helleiner, E. (1994), States and the Re-emergence of Global Finance (Ithaca, NY: Cornell University Press).Google Scholar
Hilferding, R. (1919/2007), Finance Capital: A Study in the Latest Phase of Capitalist Development (New York: Routledge).Google Scholar
Hobson, J.A. (1902/2005), Imperialism: A Study (London: Cosimo Classics).Google Scholar
Johal, S., Moran, M. and Williams, K. (2014), ‘Power, Politics and the City of London after the Great Financial Crash’, Government and Opposition, 49(3): 400425.Google Scholar
Langley, P. (2002), World Financial Orders: An Historical International Political Economy (London: Routledge).Google Scholar
Langley, P. (2008), The Everyday Life of Global Finance: Saving and Borrowing in Anglo-America (Oxford: Oxford University Press).Google Scholar
Lenin, V. (1917/2010), Imperialism: The Highest Stage of Capitalism (London: Penguin).Google Scholar
Lewellen, T. (1994), Political Anthropology (London: Greenwood Press).Google Scholar
Lewis, M. (2006), Liar’s Poker: Rising through the Wreckage of Wall Street (New York: Hodder).Google Scholar
Lewis, M. (2010), The Big Short: Inside the Doomsday Machine (London: Penguin).Google Scholar
Moran, M. (2006), ‘Interdisciplinarity and Political Science’, Politics, 26(2): 7383.Google Scholar
Nesvetailova, A. (2014), ‘Innovations, Fragility and Complexity: Understanding the Power of Finance’, Government and Opposition, 49(3): 542568.Google Scholar
Pagoulatos, G. (2014), ‘State-driven in Boom and in Bust: Structural Limitations of Financial Power in Greece’, Government and Opposition, 49(3): 452482.Google Scholar
Panitch, L. and Gindin, S. (2014), ‘Political Economy and Political Power: The American State and Finance in the Neoliberal Era’, Government and Opposition, 49(3): 369399.Google Scholar
Pauly, L.W. (1997), Who Elected the Bankers? Surveillance and Growth in the World Economy (Ithaca, NY: Cornell University Press).Google Scholar
Phillips, N. (ed.) (2005), Globalizing the International Political Economy (London: Palgrave).Google Scholar
Porter, T. (1993), States, Markets and Regimes in Global Finance (Basingstoke: Macmillan).Google Scholar
Strange, S. (1988), States and Markets (London: Pinter).Google Scholar
Strange, S. (1997), Casino Capitalism (Manchester: Manchester University Press).Google Scholar
Tett, G. (2010), Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe (London: Abacus).Google Scholar
Woll, C. (2014), ‘Bank Rescue Schemes in Continental Europe: The Power of Collective Inaction’, Government and Opposition, 49(3): 426451.Google Scholar
Wright Mills, C. (1956), The Power Elite (New York: Oxford University Press).Google Scholar
Zhang, X. (2014), ‘Coalitional Dynamics, Power Structure and Financial Markets in East Asia’, Government and Opposition, 49(3): 511541.Google Scholar
Zysman, J. (1984), Governments, Markets and Growth: Financial Systems and Politics of Industrial Change (Ithaca, NY: Cornell University Press).Google Scholar