On December 5, 2023, BESI co-sponsored a panel focused on Impunity and Capitalism: the Afterlives of European Financial Crises, 1690-1830 (Cambridge University Press, 2022), by Trevor Jackson, Assistant Professor of History at UC Berkeley. Professor Jackson was joined by Anat Admati, the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business, and William H. Janeway, Affiliated Member of the Economics Faculty at Cambridge University.  The panel was moderated by David Singh Grewal, Professor of Law at UC Berkeley School of Law.

The panel was presented as part of the Social Science Matrix Authors Meet Critics book series, and was co-sponsored by the UC Berkeley Department of History.

About the Book

Whose fault are financial crises, and who is responsible for stopping them, or repairing the damage? Impunity and Capitalism develops a new approach to the history of capitalism and inequality by using the concept of impunity to show how financial crises stopped being crimes and became natural disasters. Trevor Jackson examines the legal regulation of capital markets in a period of unprecedented expansion in the complexity of finance ranging from the bankruptcy of Europe’s richest man in 1709, to the world’s first stock market crash in 1720, to the first Latin American debt crisis in 1825. He shows how, after each crisis, popular anger and improvised policy responses resulted in efforts to create a more just financial capitalism but succeeded only in changing who could act with impunity, and how. Henceforth financial crises came to seem normal and legitimate, caused by impersonal international markets, with the costs borne by domestic populations and nobody in particular at fault.

Watch the panel above or on YouTube. You can also listen to it as a podcast here, or on Google Podcasts or Apple Podcasts.