Bad news for the fight against climate change: "rising global interest rates are crushing renewables in Africa" - as investment in renewables is particularly sensitive to deteriorating financing conditions.

Wow. ⁦BlackRock⁩ Forges a New Bond With #BigOil. What a signal in times of record #heat of atmosphere and oceans. #ClimateCrisis - The New York Times nytimes.com/2023/07/18/bus…

The next season of #MAXCPE is upon us! Please send us your paper proposals by Sept 15, 2023. All info is available here: mpifg.de/max-cpe-worksh…

BlackRock has replaced Allianz and Deutsche Bank as the most central shareholder in the ownership network of Germany Inc. Vanguard is now no. 2. ➡️Age of (passive) asset manager capitalism Figure by Dustin Voss h/t Polep Golka

🚨Excited to moderate this week's #MaxCPE session on a great paper: 🗞️Jonas Pontusson, Jan Rosset & Jérémie Poltier: Uneven Responsiveness: Public Opinion, Fiscal Austerity & Redistributive Policy Shifts in W Eur since '08 Join us Wednesday @ 3pm! See👉 mpifg.de/1030945/curren…

Happy to learn that the vote on the convention has PASSED! The rich country governments voting against this motion have shown that they are on the wrong side of history--and on the side of the rich and big corporations rather than their own people.

What’s the power of international asset managers like #BlackRock over national corporate governance systems ? 🚨New paper out in the Socio-Economic Review! Nestor Martinez Open access here: academic.oup.com/ser/advance-ar…

Interested in green industrial policy? In a new Max Planck Institute for the Study of Societies discussion paper, Timur Ergen and I dive into an often overlooked dimension: that of managing decline. A 🧵 on the paper: pure.mpg.de/rest/items/ite…

Man kann auch zu viel Industrieschutz betreiben: Interview auf ntv n-tv.de/wirtschaft/Ein… Max Planck Institute for the Study of Societies WSI Düsseldorf MAKROSKOP

It's been immensely englightening and inspiring indeed. Big thanks to Benjamin Braun, Mark Blyth and all speakers!

My new preprint "The Decarbonization Bargain: How the Decarbonizable Sector Shapes Climate Politics" (forthcoming, @Pop_sphere, with Jonas Nahm) is now out! ⬇️Link⬇️

Economic Sociology is out with exciting book reviews by Zsofi Barta on Matthias Thiemann's "Taming the Cycle of Finance", Dieter Plehwe on Staab's "Digital Capitalism", Timur Ergen on Lei's "Gilded Cage", Max Willems on Christophers' "The Price is Wrong"👇...

Thrilled to share the publication of our review article with hanna schwander on public climate action as a new field for comparative political economy in Regulation & Governance: doi.org/10.1111/rego.1… 1/6

I have been thinking a lot about private equity lately—but, like, what if the government did it? My latest, about the mechanics of a leveraged buyout of fossil fuel assets, for Heatmap News: heatmap.news/economy/clean-…

Why don´t we see more political competition in economic policy? Re wages, we (Lucio Baccaro) show that the more dependent countries are on exports, the more the preferences of center-left and center-right voters converge. 1/2 doi.org/10.1080/135017… JEPP Max Planck Institute for the Study of Societies

My latest Center for Public Enterprise report is about how projects become "bankable" to institutional investors—and it might be my first real attempt at investment theory! publicenterprise.org/report/project…

New Max Planck Institute Discussion Paper out co-authored with the great friends and colleagues Erez Maggor and Timur Ergen. In it we overview, and critically engage with, the literature on the concept of industrial policy conditionality. We do 4 things: pure.mpg.de/pubman/faces/V…

New article, open access! German corporatism? No, a particularistic export coalition increasingly behaving parasitically towards society as a whole and profiting from the export trade unions’ links to the political sphere. Wolfgang Munchau journals.sagepub.com/doi/10.1177/00…