PROFESSOR DICK BRYAN

BEc Monash MEc Monash D.Phil Sus.

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

2012

Refereed Journal/s

Bryan, D., Martin, R., Montgomerie, J., Williams, K. 2012 An important failure: knowledge limits and the financial crisis. Economy and Society, 41(3), 299-315.

Bryan, D. 2012 Capitalism's punters: how workers are becoming like capital. Polygraph: an international journal of culture and politics, 24.

Bryan, D., Rafferty, M. 2012 Fundamental value: a category in transformation. Economy and Society,forthcoming

Bryan, D. 2012 Going forward: The perpetual crisis of finance. Culture and Organization, 18(2), 171-176.

Bryan, D., Wickham, G. 2012 Money, Post-Crisis Financial Regulation, and the Fragility of Civil Peace: Maintaining Order in the Face of Chaos. Griffith Law Review, 21(1), 190-208.

Bryan, D., Rafferty, M. 2012 Why We Need to Understand Derivatives in Relation to Money. Historical Materialism: research in critical Marxist theory, 20(3), 97-109.

2011

Chapters in Edited Collection/s

Bryan, D., Rafferty, M. 2011 Monetary Equivalence and Functionalism: Implications for Central Banking. In Heiner Ganssmann (Eds.), New Approaches to Monetary Theory: Interdisciplinary Perspectives, (pp. 171-190). London, United Kingdom: Routledge.

2010

Chapters in Edited Collection/s

Bryan, D., Rafferty, M. 2010 A Time and a Place for Everything: Foundations of Commodity Money. In M. Amato, L. Doria, and L. Fantacci (Eds.), Money and Calculation: Economic and Sociological Perspectives, (pp. 101-121). USA: Palgrave MacMillan.

Bryan, D., Rafferty, M. 2010 Deriving Capital's (and Labour's) Future. In Leo Panitch, Greg Albo and Vivek Chibber (Eds.), The Crisis This Time: Socialist Register 2011, (pp. 196-223). London: Merlin Press.

Bryan, D., Rafferty, M., MacWilliam, S. 2010 The Global Financial Crisis: Foreclosing or Leveraging Labor's Future? In Martijn Konings (Eds.), The Great Credit Crash, (pp. 353-369). United Kingdom: Verso.

Refereed Journal/s

Bryan, D. 2010 Australian Populism and the Global Financial Crisis: Finding a Place for Labour. Labour and Industry, 20(3), 250-269.

Bryan, D. 2010 The duality of Labour and the financial crisis. The Economic Labour Relations Review, 20(2), 49-60.

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

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

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.

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 Finance’ Australian Review of Public Affairs, 17 July