Professor Dick Bryan

Professor Dick Bryan

BEc Monash MEc Monash D.Phil Sus.

 

Phone

+61 2 9351 6601

Address

Room 459
Faculty of Arts
H04 - Merewether

Email

Dick Bryan joined Political Economy in 1984. Over the subsequent quarter of a century, he has researched and taught on two related areas: theories of value and distribution and the evolving global economic system. An on-going theme here is the breaking down of national barriers to trade, investment and finance and the associated breaking down of national systems of economic calculation.

Of more recent times this focus has shifted towards international finance, and financial derivatives and securities in particular: both how they are transforming our understanding of economic processes and changing wider social relations. Dick’s most recent book on this theme, written with Michael Rafferty, is Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class (2006).

Dick is convenor of the Australian Working Group on Financialization http://awgf.econ.usyd.edu.au/

Research Interests

  • Australian economic policy
  • Balance of payments
  • Globalisation
  • International financial markets
  • International finance and investment
  • Theories of money
  • Marxian Economic Theory
  • Marxist
  • The media
  • Trade

Publications

2009

Refereed Journal/s

Bryan D, Martin R and Rafferty M 2009 'Financialization: Giving labour and capital a financial makeover’, Review of Radical Political Economy, Volume 41 no 3.

Other Publication/s

Bryan D 2009 Globalization and the World Financial Markets, Ecodate Vol.23 No.1: 6-9

Bryan D 2009 ‘Marketing opportunities from the global financial crisis’ Australia Review of Public Affairs, April http://www.australianreview.net/digest/2009/04/bryan.html

Bryan D 2009 'The underlying contradictions of capitalist finance Workers’ Liberty June http://www.workersliberty.org/story/2009/06/30/dick-bryan-underlying-contradictions-capitalist-finance

Conference presentation/s

Bryan D 2009 ‘Monetary Equivalence and Functionalism: Implications for Central Banking’, Paper presented at workshop on Money - Interdisciplinary Perspectives, Freie Universität Berlin, June 25-28

Bryan D 2009 ‘Labours’ Financial Crisis: Reframing Class Relations’, Capital in Crisis: Implications for Labour and Society, University of Wollongong, July 9-10

Commissioned Report/s

Bryan, D Considine, G, Ham, R, and Rafferty, M 2009 Agents With Too Many Principals? An Analysis of Superannuation Fund Governance in Australia, Australian Institute of Superannuation Trustees, March http://www.aist.asn.au/Pages/PolResAdv/documents/AIST_Agents_with_too_many_principals_consolidated_final.pdf

Bryan, D Ham R and Rafferty M 2009 Does Good Money Go After Bad in the Australian Superannuation Industry?, Workplace Research Centre, University of Sydney for Industry Superannuation Network, June.

2008

Refereed Journal/s

Bryan D, Martin R and Rafferty M 2008 ‘Financialization, Risk and Labour’, Competition and Change, vol 12, No.2: 121-133

Bryan D 2008 'The Global Foreign Exchange Market: An Interpretation of the Bank for International Settlements’ Survey of Foreign Exchange and Derivatives Market Activity', 2007 Global Society Vol 22, No.4:491-505

Bryan D 2008 ‘Minimum living standards and the working class surplus: Higgins, Henderson and Housing’, Labour History No.95

Other publication/s

Bryan D 2008 ‘The Key to the Crash’, New Matilda, January

Bryan D 2008 ‘A pending crisis’ ABC online, Unleashed July 2

Bryan D 2008 ‘The inflation fall guy’ ABC online, Unleashed July 31

Bryan D 2008: The RBA's line in the sand ABC online, Unleashed 8 October

Bryan D 2008 The inventiveness of capital Workers’Liberty , July http://www.workersliberty.org/story/2008/07/13/marxists-capitalist-crisis-6-dick-bryan-inventiveness-capital

Conference presentation/s

Bryan D 2008 ‘A time and a place for everything: Foundations of commodity money’. Paper presented at workshop on Money, Comparability and Calculation: Historical and Sociological Perspectives. Bocconi University, Milan. May 30-31.

Bryan D 2008 ‘Monetary foundations of the crisis’, Historical Materialism Conference, University of London, 7-9 November.

Commissioned Report/s

Bryan, D Ham R and Rafferty M 2008 Governance and Performance in Superannuation Fund Management - An Issues and Research Design Paper, Australian Institute of Superannuation Trustees, May http://www.aist.asn.au/Pages/PolResAdv/documents/GovernanceandSuperannuation_Fund_Management_Issues_Paper.pdf

Bryan, D Ham, R and Rafferty M 2008 Fund Performance in the Australian Superannation Industry, Australian Institute of Superannuation Trustees, September http://www.aist.asn.au/Pages/PolResAdv/documents/WRCSuperannuationFundPerformancefindings_final.pdf

2007

Chapters in Edited Collection/s

Bryan D 2007 ‘Global is National: An Economic Perspective’ in James Goodman, Paul James (eds) Nationalism and Globalism Debating Future Projections London: Routledge (November) Translated into Turkish and reprinted in Economics, June

Bryan D and Rafferty M 2007 ‘Financial derivatives: Bubble or anchor?’ in L.Assassi, A.Nesvetailova and D.Wigan (eds) Global Finance in the New Century, Basingstoke: Palgrave Macmillan.

Refereed Journal/s

Bryan D and Rafferty M 2007 ‘Financial derivatives and the theory of money’, Economy and Society Vol. 36 No. 1 February: 134 – 158

Bryan D and Wilson S 2007 ‘Inside the crystal ball of finance: Understanding financial economists’ attitudes to market and society’ Australian Economic Review, Volume 40 No.4: 353-68.

Conference presentation/s

Bryan D 2007 Panel on financial derivatives. International Working Group on Financialization, Inaugural workshop. Financialization: Retrospect and Prospect 12-13th February University of Manchester

Bryan D 2007 ‘Globalised Finance: The Contradictions of Global Liquidity’, Conference opening paper presented at the Australasian Conference on Security, Peace Economics, and Peace Science University of Western Sydney (UWS) in association with State University of New York (SUNY) at Binghamton, University of Western Sydney 17th and 18th August.

Bryan D 2007 ‘Liquid Economics: Global Financial Liquidity in Liquid Sydney’ paper presented at Liquid Cities: Berlin and Sydney in Conversation. Public symposium hosted by the University of Western Sydney’s Centre for Cultural Research Urban Research Centre, Goethe Institute and City of Sydney, 4th and 5th October Customs House, Sydney.

Bryan D and Rafferty M 2007 ‘Incorporating Finance into International Business Theory’ Paper presented to Australian and New Zealand International Business Academy Annual Conference, Newcastle, 9-10th November.

Bryan D, Martin R and Rafferty M 2007 ‘Financialization and Marx: Giving capital and labor a financial makeover’, Paper presented at the Sixth Australian Society of Heterodox Economist Conference, University of NSW, December 10 and 11th

Bryan D and Rafferty M 2007 'Do financial derivatives challenge the ontological primacy of the joint stock company?', Paper presented at the Sixth Australian Society of Heterodox Economist Conference, University of NSW, December 10 and 11th

2006

Book/s

Bryan D and Rafferty M 2006 Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class. London: Palgrave Macmillan (248pp)

Chapters in Edited Collection/s

Bryan D and Teicher J 2006 ‘The Australian state and the global economy’ in J. Teicher, P. Holland and R. Gough (eds.) Employee Relations Management: Australia in a Global Context, 2nd edition Sydney: Pearson Education

Refereed Journal/s

Bryan D and Rafferty M 2006 ‘Money in Capitalism and Capitalist Money, Historical Materialism, Vol 14 No1.

Bryan D and Rafferty M 2006 ‘Financial derivatives: The new gold? Competition and Change , Vol. 10 No.3: 265-282.

Bryan D and Rafferty M 2006 ‘Can Financial Derivatives Inform HRM?: Lessons from Moneyball’, Human Resource Management (US) Vol.45 No.4

Other Publication/s

Bryan D 2006 The Social Calculus of Financial Derivatives (review of Lee and LiPuma Financial Derivatives and the Globalization of Risk), Southern Review Vol.38 No.2

Bryan D 2006 ‘Tired and Emotional FinanceAustralian Review of Public Affairs, 17 July

Conference presentation/s

Bryan D 2006 ‘Financial Derivatives: Anchoring the global financial system’ International Studies Association 47th Annual Convention, San Diego California March 22-25

Bryan D 2006 ‘Real Finance: Finding a Material Foundation to Global Finance’, Paper prepared for International Forum On Comparative Political Economy of Globalization, Renmin University, Beijing, China, September 1-4.

Bryan D 2006 ‘Buttressing the dollar: financial derivatives’ role in the creation of global money’, School of Political Science and International Studies, University of Queensland, September 23.

Bryan D 2006 ‘Inside the crystal ball of finance: Understanding financial economists’ attitudes to market and society’ The Fifth Australian Society of Heterodox Economists Conference, University of New South Wales December 11-12

Current Classes

  • ECOP3019 Finance: Volatility and Regulation

Current Supervising Postgraduates

Michael Beggs Inflation and inflation-fighting since the 1970s
Luke Deer The People's Bank of China's foreign exchange reserve accumulation
Roni Demirbag The Implications of the Political Non-Neutrality of Money to Monetary Policy in the United States and Australia
Christopher Kelly Jefferis Analysing Financial Institutions