"American Power After the Financial Crisis"
Tue, October 2, 2012 • 12:15 PM - 1:30 PM • Bass Lecture Hall, LBJ 2.104
The Robert S. Strauss Center for International Security and Law invites you to American Power After the Financial Crisis with Jonathan Kirshner, Professor at Cornell University, on Tuesday, October 2 at 12:15 pm in Bass Lecture Hall, LBJ 2.104. Refreshments will be provided.
The Global Financial Crisis that began in 2007-08, according to Jonathan Kirshner, will mark the end of the Second Post-War American Order, one based on U.S. unipolarity and unbridled financial liberalization. In this talk, Kirshner will discuss how this will alter the international balance of power (especially by accelerating underlying trends) and encourage actors to reassess the nature of the global financial order and their relationship with it. That reassessment, he claims, will serve as a focal point around which actors' expectations are likely to diverge, as states come to different conclusions about how world finance should be organized in the future. Changes to the balance of power and the erosion of ideational consensus will inhibit cooperation between states on matters pertaining to global money and finance, and contribute to chronic discord over macroeconomic relations. American power and influence will be relatively diminished in this new environment.
Jonathan Kirshner is a Professor at Cornell University focused on International Relations and political economy. He is the author of Currency and Coercion: The Political Economy of International Monetary Power (Princeton University Press, 1995) and Appeasing Bankers: Financial Caution on the Road to War (Princeton University Press, 2007.) He is currently director of Cornell University’s Reppy Institute for Peace and Conflict Studies, and the co-editor (with Eric Helleiner) of the multi-disciplinary book series, “Cornell Studies in Money.” Previously he chaired the Economics and National Security Program at the Olin Institute of Strategic Studies at Harvard. A multi-year project at the Olin ENS program led to his edited volume, Globalization and National Security (Routledge, 2006). He has received the Provost’s Award For Distinguished Scholarship, and the Stephen and Margery Russell Distinguished Teaching Award from Cornell University.