Howard Wachtel Associate

Our people — Advisor

Howard Wachtel was the first co-ordinator of TNI's Global Economy Programme and currently a Professor Emeritus of Economics at American University in Washington DC.

howardwachtel cv.pdf (PDF, 106.94 KB)

Howard is a former TNI fellow and an expert on the financialisation of the global economy who foresaw the financial crisis long before it struck in autumn 2008. His book in 2003 Street of Dreams. Boulevard of Broken Hearts: Wall Street's First Century (London: Pluto Press) is a widely respected history of the infamous New York street.

Latest work

Globalization and Decommissioning Democracy

Trade

Discussions of the threat to liberal democracy have neglected perhaps the most surprising source that is one of the major arcs of history of the last three decades: globalization. It promised the promotion of liberal democracy encapsulated in neoliberal economics whose components include free movement of capital and finance, free trade, free movement of people, and the free transfer of ideas through social media. While globalization has achieved many of these four freedoms, it has also fostered its precise opposite: a borderless world that has stripped the principal source of political democracy – the nation state -- of much of its political and economic legitimacy for the liberal democracy that created globalization. Governments became weakened by the very fraying of its borders wrought by a globalization they promoted.

Article by

Howard Wachtel

Publication date: 2 February 2021
Street of Dreams - Boulevard of Broken Hearts Wall Street's First Century

Finance

This is the story of America's most famous street, Wall Street. Exploring its development through the eighteenth and nineteenth centuries, Wachtel charts its dramatic transformation, offering a window on the past that helps us understand how it became the center of world finance that we see today.

Book by

Howard Wachtel

Publication date: 2 May 2003