Political theorist of 💵 ⚖️⌛️ Prof at Georgetown; Author of THE CURRENCY OF POLITICS (Princeton University Press) 👉 @stefeich.bsky.social
Joined June 2013
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Such terrible terrible news that Perry Mehrling has passed. Hard to describe how much he taught us all. And such a wonderfully curious interlocutor.
I recently returned to his brilliant & mischievous "Financialization and its discontents". Great primer. sites.bu.edu/perry/files/201…
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From our FirstView: "What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance" by Leah Downey and @stefeich. buff.ly/pPVH3mv
ALT APSR abstract for "What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance," by Leah Downey and Stefan Eich, Mapping calls to "democratize finance" along axes of democracy and finance, the authors argue power-centered accounts of democratization are most plausible but create instability by generating pressure toward power sharing. Full abstract is available in linked article.
New open access article just dropped in the APSR! Leah Downey and yours truly on why people should stop using “democratize” when they really mean increasing market access.
Looking at you, economists! 👀
From our FirstView: "What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance" by Leah Downey and @stefeich. buff.ly/pPVH3mv
ALT APSR abstract for "What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance," by Leah Downey and Stefan Eich, Mapping calls to "democratize finance" along axes of democracy and finance, the authors argue power-centered accounts of democratization are most plausible but create instability by generating pressure toward power sharing. Full abstract is available in linked article.
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Misspelling the name of your own country in a document about super intelligence is an impressive feat.
New #openaccess article just dropped in the APSR!
Leah Downey & yours truly on why people should stop using “democratize” when they really mean increasing market access. Looking at you, economists! 👀
Also, what would actual “democratization” look like when applied to finance?
Leah Downey and Stefan Eich, "What Would It Mean to Democratize Finance? An Evaluation of Divergent Conceptions of Democracy and Finance." American Political Science Review (September 2026).
Full article available #openaccess here: cambridge.org/core/journals/…
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Your Sunday read: "Money"
Stefan Eich traces money's relationship with trust, capitalism and democratic power, arguing that making monetary power visible is essential to reclaiming the future as a domain of collective political decisions.
#Philosophy
thephilosopher1923.substack.…
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Great Books for Summer or Winter Reading: Thought-provoking, perhaps controversial, and definitely worth reading!
"The Currency of Politics: The Political Theory of Money from Aristotle to Keynes" by Stefan Eich.
"Stefan Eich examines six crucial episodes of monetary crisis, recovering the neglected political theories of money in the thought of such figures as Aristotle, John Locke, Johann Gottlieb Fichte, Karl Marx, and John Maynard Keynes. He shows how these layers of crisis have come to define the way we look at money, and argues that informed public debate about money requires a better appreciation of the diverse political struggles over its meaning."
amzn.to/4y94ic1
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Shortly after Adorno died of a heart attack on August 6, 1969, Herbert Marcuse gave the following interview on German radio in Frankfurt.
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Stefan Eich: "It is never the case that money ceases to be political but merely that it is removed from democratic politics."
I just finished Eich's book, not necessarily an easy read, but an important book on why money should not be left to economists and central bankers.
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My latest interview is with the historian Duncan Kelly and concerns his incredible new global intellectual history of WWI titled: “Worlds of Wartime: The First World War and the Reconstruction of Modern Politics." Read the extensive interview here: historyofnow.substack.com/p/…
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Finally out! Our volume assesses the many Hegelian legacies in the ethical and political thought of the late Alasdair MacIntyre.
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A great Tooze & Eich collab on Keynes and Mann.
"Kindred spirits" you say?
How to rethink bourgeois liberalism's options in the 20th century. Last weekend I started a new mini series with a post about Thomas Mann's Zauberberg and the end of history. Today @stefeich and I speculate about the parallels btwn Mann and ... Keynes.
Adam Tooze (@adam_tooze) and I have been looking for Dr Faustus in expected places. Here are our musings on Thomas Mann, Keynes, magic, and alchemy.
"The Last of the Magicians: Thomas Mann, John Maynard Keynes and the Alchemy of Bourgeois Liberalism" (link below)
ALT Screenshot (adapted!) from FW Murnau's Faust (1926)
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Dr Faustus thus becomes the emblematic figure for a Keynes-o-Mannian liberal modernity.
adamtooze.substack.com/p/cha…
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Whereas Hegel philosophized about Napoleon as the world spirit from the sidelines, Bonaparte was a passionate reader of Goethe and recognized him as a contemporary.
Stefan Eich retweeted
How to rethink bourgeois liberalism's options in the 20th century. Last weekend I started a new mini series with a post about Thomas Mann's Zauberberg and the end of history. Today @stefeich and I speculate about the parallels btwn Mann and ... Keynes.