Professor Dick Bryan

BEc Monash MEc Monash D.Phil Sussex

H04 - Merewether Building
The University of Sydney

Telephone +61 2 9351 6601

Biographical details

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).

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

Associations

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

Selected grants

2015

  • Social Impact Bonds and the Welfare State: Financialization and Its Implications for Democratic Governance; Schram S, Bryan R; DVC Research/International Research Collaboration Award (IRCA).

2012

  • New Social Foundations of Money; Bryan R; Australian Research Council (ARC)/Discovery Projects (DP).
  • Social Studies of Finance; Allon F, Cooper M, Bryan R, Konings M; Faculty of Arts and Social Sciences/FASS Collaborative Research Scheme.

2000

  • Financial market economists: the construction of national images and outcomes; Bryan R, Greenfield C, Greenfield C; Australian Research Council (ARC)/Large Research Grants (LRG).

Selected publications & creative works

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Books

  • Bryan, R., Rafferty, M. (2006). Capitalism With Derivatives: A Political Economy of Financial Derivatives, Capital and Class. Hampshire, England & New York: Palgrave Macmillan.

Book Chapters

  • Teicher, J., Bryan, R. (2013). Globalization, economic policy and the labor market. In Julian Teicher, Peter Holland and Richard Gough (Eds.), Australian Workplace Relations, (pp. 11-25). Cambridge: Cambridge University Press.
  • Bryan, R., 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 imprint of Taylor & Francis.
  • Bryan, R., 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, R., 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, R., 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.
  • Bryan, R., Rafferty, M. (2007). Financial Derivatives: Bubble or Anchor? In L. Assassi; A. Nesvetailova; D. Wigan (Eds.), Global Finance in the New Century: Deregulation and Beyond, (pp. 25-37). USA: Palgrave Macmillan.
  • Bryan, R. (2007). Global and National: The constitution of Contemporary Capitalism. In James Goodman and Paul James (Eds.), Nationalism and Global Solidarities, (pp. 41-55). London, USA & Canada: Routledge imprint of Taylor & Francis.
  • Bryan, R., 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, (pp. 15-35). Malaysia: Pearson Education.
  • Bryan, R. (2004). Australia: Asian Outpost or Big-time Financial Dealer? In Marjorie Griffin Cohen and Stephen Clarkson (Eds.), Governing under Stress: Middle Powers and the Challenge of Globalization, (pp. 110-131). London: Zed Books Ltd.
  • Bryan, R. (2003). Bridging differences: value theory, international finance and the construction of glaobal capital. In Richard Westra and Alan Zuege (Eds.), Value and the World Economy Today: Production, Finance and Globalization, (pp. 57-69). UK: Palgrave Macmillan.
  • Teicher, J., Bryan, R. (2002). The Australian state and the global economy. In Julian Teicher, Peter Holland & Richard Gough (Eds.), Employee Relations Management: Australia in a Global Context, (pp. 15-35). Australia: Pearson Prentice Hall.
  • Bryan, R., Meagher, G. (2001). The Economy. In F. Doig (Eds.), Australia: The Complete Story, (pp. 158-171). Willoughby: Academic Press Elsevier.
  • Bryan, R., Rafferty, M. (2000). Globalisation as discipline: the case of Australia and international finance. In Stephen McBride and John Wiseman (Eds.), Globalization and its Discontents, (pp. 41-54). Basingstoke: Macmillan Press.

Journals

  • Bryan, R. (2014). Capitalism's punters: how workers are becoming like capital. Polygraph: an international journal of culture and politics, 24.
  • Bryan, R., Rafferty, M. (2014). Financial Derivatives as Social Policy beyond Crisis. Sociology, 48(5), 887-903. [More Information]
  • Bryan, R., Rafferty, M. (2014). Political Economy and Housing in the Twenty-first Century – From Mobile Homes to Liquid Housing? Housing, Theory and Society, 31(4). [More Information]
  • Beggs, M., Bryan, R., Rafferty, M. (2014). Shoplifters of the World Unite! Law and Culture in Financialized Times. Cultural Studies, 28(5-6), 976-996. [More Information]
  • Bryan, R., Rafferty, M. (2013). Fundamental value: a category in transformation. Economy and Society, 42(1), 130-153. [More Information]
  • Bryan, R., Martin, R., Montgomerie, J., Williams, K. (2012). An important failure: knowledge limits and the financial crisis. Economy and Society, 41(3), 299-315. [More Information]
  • Bryan, R. (2012). Going forward: The perpetual crisis of finance. Culture and Organization, 18(2), 171-176. [More Information]
  • Wickham, G., Bryan, R. (2012). Money, Financial Regulation and the Fragility of Civil Peace: Maintaining Order in the Face of Chaos. Griffith Law Review, 21(1), 190-208.
  • Bryan, R., Rafferty, M. (2012). Why We Need to Understand Derivatives in Relation to Money: A Reply to Tony Norfield. Historical Materialism: research in critical Marxist theory, 20(3), 97-109. [More Information]
  • Bryan, R. (2010). Australian Populism and the Global Financial Crisis: Finding a Place for Labour. Labour and Industry, 20(3), 250-269.
  • Bryan, R. (2010). The duality of Labour and the financial crisis. The Economic Labour Relations Review, 20(2), 49-60.
  • Bryan, R., Martin, R., Rafferty, M. (2009). Financialization and Marx: Giving Labor and Capital a Financial Makeover. Review of Radical Political Economics, 41(4), 458-472.
  • Bryan, R., Rafferty, M. (2009). Homemade financial crisis. Ephemera: theory and politics in organization, 9(4), 357-362.
  • Bryan, R., Rafferty, M. (2009). Sydney Forum on the Financial Crisis: Introduction. Ephemera: theory and politics in organization, 9(4), 330-334.
  • Martin, R., Rafferty, M., Bryan, R. (2008). Financialization, Risk and Labour. Competition and Change, 12(2), 121-133. [More Information]
  • Bryan, R. (2008). Minimum Living Standards and the Working Class Surplus: Higgins, Henderson and Housing. Labour History (Australia), 95(November), 213-223.
  • Bryan, R. (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: journal of interdisciplinary international relations, 22(4), 491-505.
  • Bryan, R., Rafferty, M. (2007). Financial Derivatives and the Theory of Money. Economy and Society, 36(1), 134-158.
  • Bryan, R., Wilson, S. (2007). Inside the crystal ball of finance: Understanding financial economists’ attitudes to market and society. The Australian Economic Review, 40(4), 353-368.
  • Bryan, R., Rafferty, M. (2006). Can financial Derivatives Inform HRM? Lessons from Moneyball. Human Resource Management, 45(4), 667-671. [More Information]
  • Bryan, R., Rafferty, M. (2006). Financial Derivatives: The new Gold? Competition and Change, 10(3), 265-282.
  • Bryan, R., Rafferty, M. (2006). Money in Capitalism or Capitalist Money? Historical Materialism: research in critical Marxist theory, 14(1), 75-95.
  • Bryan, R. (2006). The Social Calculus of Financial Derivatives. Southern Review: communication, politics and culture, 38(2), 114-117.
  • Bryan, R. (2006). Tired and Emotional Finance. Australian Review of Public Affairs, online(July 2006), 1-4.
  • Bryan, R. (2004). Superannuation: the ricardian crisis. Journal of Australian Political Economy, 53(4), 100-115.
  • Bryan, R. (2002). Alternative Economic Strategies: An Evaluation. Journal of Australian Political Economy, 13(1), 153-162.
  • Bryan, R. (2001). Global Accumulation and Accounting for National Economic Identity. Review of Radical Political Economics, 33(1), 57-77.
  • Bryan, R. (2001). Reporting the "Asian financial crisis": Australian Financial Journalists' Construction of a National Threat. Southern Review: communication, politics and culture, 34, 14-25.

Conferences

  • Bryan, R. (2009). Beyond populism and moralism: How the left's love of a crisis has become an obstacle to understanding. 8th Australian Society of Heterodox Economists Conference SHE 2009, Australia: Society of Heterodox Economists.
  • Rafferty, M., Bryan, R. (2007). Do financial derivatives challenge the ontological primacy of the joint stock company? 6th Australian Society of Heterodox Economists Conference SHE 2007, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R., Martin, R., Rafferty, M. (2007). Financialization and Marx: Giving capital and labor a financial makeover. 6th Australian Society of Heterodox Economists Conference SHE 2007, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R., Rafferty, M. (2007). Incorporating Finance into International Business Theory. Australia and New Zealand International Business Academy Conference ANZIBA 2007, Australia: Australia and New Zealand International Business Academy.
  • Bryan, R. (2006). 'Buttressing the Dollar: Financial Derivatives' role in the Creation of Global Money. Staff Seminar, School of Political Science and Intenational Studies, : Swedish Emergency Management Agency/CRISMART.
  • Bryan, R. (2006). Financial Derivatives: Anchoring the Global Financial System. International Studies Association 47th Annual Convention (ISA 2006), Tuscon,Arizona: International Studies Association.
  • Bryan, R., Wilson, S. (2006). Inside the Crystal Ball of Finance: Understanding financial economists' attitudes to market and society. 5th Australian Society of Heterodox Economists Conference SHE 2006, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R. (2006). Real Finance: Finding a Material Foundation to Global Finance. Second Conference of International Forum On Comparative Political Economy of Globalization, Beijing, China: Renmin University of China.

Research Reports

  • O'Neill, P., Camacho Duarte, O., Casiro, J., Gwyther, G., Phibbs, P., Bryan, R., Rafferty, M., Allon, F. (2010). The Experience of Mortgage Distress In Western Sydney, (pp. 6 - 57). Sydney, Australia: Urban Research Centre.

2014

  • Bryan, R. (2014). Capitalism's punters: how workers are becoming like capital. Polygraph: an international journal of culture and politics, 24.
  • Bryan, R., Rafferty, M. (2014). Financial Derivatives as Social Policy beyond Crisis. Sociology, 48(5), 887-903. [More Information]
  • Bryan, R., Rafferty, M. (2014). Political Economy and Housing in the Twenty-first Century – From Mobile Homes to Liquid Housing? Housing, Theory and Society, 31(4). [More Information]
  • Beggs, M., Bryan, R., Rafferty, M. (2014). Shoplifters of the World Unite! Law and Culture in Financialized Times. Cultural Studies, 28(5-6), 976-996. [More Information]

2013

  • Bryan, R., Rafferty, M. (2013). Fundamental value: a category in transformation. Economy and Society, 42(1), 130-153. [More Information]
  • Teicher, J., Bryan, R. (2013). Globalization, economic policy and the labor market. In Julian Teicher, Peter Holland and Richard Gough (Eds.), Australian Workplace Relations, (pp. 11-25). Cambridge: Cambridge University Press.

2012

  • Bryan, R., Martin, R., Montgomerie, J., Williams, K. (2012). An important failure: knowledge limits and the financial crisis. Economy and Society, 41(3), 299-315. [More Information]
  • Bryan, R. (2012). Going forward: The perpetual crisis of finance. Culture and Organization, 18(2), 171-176. [More Information]
  • Wickham, G., Bryan, R. (2012). Money, Financial Regulation and the Fragility of Civil Peace: Maintaining Order in the Face of Chaos. Griffith Law Review, 21(1), 190-208.
  • Bryan, R., Rafferty, M. (2012). Why We Need to Understand Derivatives in Relation to Money: A Reply to Tony Norfield. Historical Materialism: research in critical Marxist theory, 20(3), 97-109. [More Information]

2011

  • Bryan, R., 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 imprint of Taylor & Francis.

2010

  • Bryan, R., 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, R. (2010). Australian Populism and the Global Financial Crisis: Finding a Place for Labour. Labour and Industry, 20(3), 250-269.
  • Bryan, R., 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, R. (2010). The duality of Labour and the financial crisis. The Economic Labour Relations Review, 20(2), 49-60.
  • O'Neill, P., Camacho Duarte, O., Casiro, J., Gwyther, G., Phibbs, P., Bryan, R., Rafferty, M., Allon, F. (2010). The Experience of Mortgage Distress In Western Sydney, (pp. 6 - 57). Sydney, Australia: Urban Research Centre.
  • Bryan, R., 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.

2009

  • Bryan, R. (2009). Beyond populism and moralism: How the left's love of a crisis has become an obstacle to understanding. 8th Australian Society of Heterodox Economists Conference SHE 2009, Australia: Society of Heterodox Economists.
  • Bryan, R., Martin, R., Rafferty, M. (2009). Financialization and Marx: Giving Labor and Capital a Financial Makeover. Review of Radical Political Economics, 41(4), 458-472.
  • Bryan, R., Rafferty, M. (2009). Homemade financial crisis. Ephemera: theory and politics in organization, 9(4), 357-362.
  • Bryan, R., Rafferty, M. (2009). Sydney Forum on the Financial Crisis: Introduction. Ephemera: theory and politics in organization, 9(4), 330-334.

2008

  • Martin, R., Rafferty, M., Bryan, R. (2008). Financialization, Risk and Labour. Competition and Change, 12(2), 121-133. [More Information]
  • Bryan, R. (2008). Minimum Living Standards and the Working Class Surplus: Higgins, Henderson and Housing. Labour History (Australia), 95(November), 213-223.
  • Bryan, R. (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: journal of interdisciplinary international relations, 22(4), 491-505.

2007

  • Rafferty, M., Bryan, R. (2007). Do financial derivatives challenge the ontological primacy of the joint stock company? 6th Australian Society of Heterodox Economists Conference SHE 2007, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R., Rafferty, M. (2007). Financial Derivatives and the Theory of Money. Economy and Society, 36(1), 134-158.
  • Bryan, R., Rafferty, M. (2007). Financial Derivatives: Bubble or Anchor? In L. Assassi; A. Nesvetailova; D. Wigan (Eds.), Global Finance in the New Century: Deregulation and Beyond, (pp. 25-37). USA: Palgrave Macmillan.
  • Bryan, R., Martin, R., Rafferty, M. (2007). Financialization and Marx: Giving capital and labor a financial makeover. 6th Australian Society of Heterodox Economists Conference SHE 2007, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R. (2007). Global and National: The constitution of Contemporary Capitalism. In James Goodman and Paul James (Eds.), Nationalism and Global Solidarities, (pp. 41-55). London, USA & Canada: Routledge imprint of Taylor & Francis.
  • Bryan, R., Rafferty, M. (2007). Incorporating Finance into International Business Theory. Australia and New Zealand International Business Academy Conference ANZIBA 2007, Australia: Australia and New Zealand International Business Academy.
  • Bryan, R., Wilson, S. (2007). Inside the crystal ball of finance: Understanding financial economists’ attitudes to market and society. The Australian Economic Review, 40(4), 353-368.

2006

  • Bryan, R. (2006). 'Buttressing the Dollar: Financial Derivatives' role in the Creation of Global Money. Staff Seminar, School of Political Science and Intenational Studies, : Swedish Emergency Management Agency/CRISMART.
  • Bryan, R., Rafferty, M. (2006). Can financial Derivatives Inform HRM? Lessons from Moneyball. Human Resource Management, 45(4), 667-671. [More Information]
  • Bryan, R., Rafferty, M. (2006). Capitalism With Derivatives: A Political Economy of Financial Derivatives, Capital and Class. Hampshire, England & New York: Palgrave Macmillan.
  • Bryan, R. (2006). Financial Derivatives: Anchoring the Global Financial System. International Studies Association 47th Annual Convention (ISA 2006), Tuscon,Arizona: International Studies Association.
  • Bryan, R., Rafferty, M. (2006). Financial Derivatives: The new Gold? Competition and Change, 10(3), 265-282.
  • Bryan, R., Wilson, S. (2006). Inside the Crystal Ball of Finance: Understanding financial economists' attitudes to market and society. 5th Australian Society of Heterodox Economists Conference SHE 2006, Sydney, Australia: Society of Heterodox Economists.
  • Bryan, R., Rafferty, M. (2006). Money in Capitalism or Capitalist Money? Historical Materialism: research in critical Marxist theory, 14(1), 75-95.
  • Bryan, R. (2006). Real Finance: Finding a Material Foundation to Global Finance. Second Conference of International Forum On Comparative Political Economy of Globalization, Beijing, China: Renmin University of China.
  • Bryan, R., 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, (pp. 15-35). Malaysia: Pearson Education.
  • Bryan, R. (2006). The Social Calculus of Financial Derivatives. Southern Review: communication, politics and culture, 38(2), 114-117.
  • Bryan, R. (2006). Tired and Emotional Finance. Australian Review of Public Affairs, online(July 2006), 1-4.

2004

  • Bryan, R. (2004). Australia: Asian Outpost or Big-time Financial Dealer? In Marjorie Griffin Cohen and Stephen Clarkson (Eds.), Governing under Stress: Middle Powers and the Challenge of Globalization, (pp. 110-131). London: Zed Books Ltd.
  • Bryan, R. (2004). Superannuation: the ricardian crisis. Journal of Australian Political Economy, 53(4), 100-115.

2003

  • Bryan, R. (2003). Bridging differences: value theory, international finance and the construction of glaobal capital. In Richard Westra and Alan Zuege (Eds.), Value and the World Economy Today: Production, Finance and Globalization, (pp. 57-69). UK: Palgrave Macmillan.

2002

  • Bryan, R. (2002). Alternative Economic Strategies: An Evaluation. Journal of Australian Political Economy, 13(1), 153-162.
  • Teicher, J., Bryan, R. (2002). The Australian state and the global economy. In Julian Teicher, Peter Holland & Richard Gough (Eds.), Employee Relations Management: Australia in a Global Context, (pp. 15-35). Australia: Pearson Prentice Hall.

2001

  • Bryan, R. (2001). Global Accumulation and Accounting for National Economic Identity. Review of Radical Political Economics, 33(1), 57-77.
  • Bryan, R. (2001). Reporting the "Asian financial crisis": Australian Financial Journalists' Construction of a National Threat. Southern Review: communication, politics and culture, 34, 14-25.
  • Bryan, R., Meagher, G. (2001). The Economy. In F. Doig (Eds.), Australia: The Complete Story, (pp. 158-171). Willoughby: Academic Press Elsevier.

2000

  • Bryan, R., Rafferty, M. (2000). Globalisation as discipline: the case of Australia and international finance. In Stephen McBride and John Wiseman (Eds.), Globalization and its Discontents, (pp. 41-54). Basingstoke: Macmillan Press.

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