The Initiative for Global Law and Political Economy (iGLPE)
The Initiative for Global Law and Political Economy (iGLPE) supports cross-disciplinary analysis into the dynamics of how resource coordination, distribution and production are generated and managed in and across societies.
In 2018, The University of Manchester launched the Law and Money Initiative (LMI) in cooperation with Cornell Law School and The University of Sheffield Institute of Corporate and Commercial Law. Over the following years, the LMI co-organised a number of academic events in the US, UK and Europe.
In 2024, with a generous gift from Martha McCluskey and support from The University of Manchester Law School, the LMI was reimagined in its current expression as the Initiative for Global Law and Political Economy (iGLPE). The Initiative works closely across the University and within global research-oriented networks to explore expertise at the intersections of economy, law, and politics.
The Initiative is premised on the insight that contemporary expertise continues to traffic in abstractions and assumptions that limit clarity and innovation in widespread choice, peace, and well-being.
- Professor John Haskell, Academic Lead
- Professor Vincenzo Bavosa, Member (Co-Editor, Law and Financial Markets Review)
- Dr. Emma Scali, Member (Organiser, Roccella Summer School of International Law)
- Dr. Justina Uriburu, Member (Director, Manchester International Law Centre)
The Initiative collaborates with academic networks to support skill development and new thinking:
- Summer Academy on Global Law and Political Economy, 14-17 July 2025 (Roccella, Italy)
- Economic Foundations Workshop, 9-11 July 2025 (Manchester)
- Summer School, Labor and Welfare in Post-COVID-19, 2022 (Rome)
- Law Money & Tech Summer Academy: Toward Democratic Futures, 2021 (Online)
- Law Money & Tech Summer Academy, ‘Transforming Political Economy’, 2020 (Manchester)
- Law and Money Summer Academy, ‘From Past to Future’, 2019 (Manchester)
The project brings together researchers from economics, law, accounting, and international political economy to develop innovative approaches to understanding money and finance. The project is led by Professor John Haskell, Dr. Aleksandar Stojanovic, and Jay Pocklington.
Our work moves beyond traditional monetary models that abstract from finance and financial models that ignore the temporal and structural role of money. We focus on developing a credit money approach that emphasises balance sheet relations, endogenous risk, and monetary hierarchy, and integrate cross-disciplinary insights to rethink the politics and production of liquidity.
Our mission:
- Conduct cutting-edge cross-disciplinary research in monetary and financial analysis,
- Organize workshops and conferences for knowledge exchange,
- Publish research findings and policy recommendations, and
- Promote financial literacy education.
Our research:
- Balance Sheet Relations: financial obligations span agents and institutions, creating layered dependency structures that amplify stress and redistribute liquidity pressures.
- Endogenous Risk: risk emerges within the system as liquidity mismatches grow during expansions, and crises are triggered when settlement constraints bind.
- Monetary Hierarchy: monetary systems are institutionally stratified, whereby issuance power, access to settlement, and liquidity support are unequally distributed.
- Reflux Dynamics: money issuance entails a corresponding need for settlement as circulation is both driven and constrained by settlement mechanisms.
- Macro-financial Modeling: quantitative frameworks that integrate monetary, financial, and real economic dynamics, emphasizing stock-flow consistency and balance sheet interconnections.
- Cross-border Flows: international monetary and financial flows, including currency hierarchies, offshore markets, and global liquidity transmission mechanisms.
- Derivatives Research: analysis of derivative instruments, FX swaps, and off-balance-sheet financing that create hidden vulnerabilities and reshape international financial architecture.
- European Association for Evolutionary Political Economy (EAEPE)
- Initiative for New Economic Thinking, Young Scholars Initiative (INET YSI)
- Law and Political Economy Collective (LPE-C)
- Law and Political Economy In Europe
- Manchester International Law Centre (MILC)
- Manchester Law and Technology Initiative (MLaTI)
- Political Economy Centre (University of Manchester)
- Bavoso, “Debt Capital Markets: Law, Regulation and Policy” (Oxford University Press 2025)
- Haskell, "Research Handbook on Law and Political Economy" (Edward Elgar Press 2025)
- Scali (et al), "Debt-Financed Development and Economic, Social and Cultural Rights in Lao PDR" (Report to OHCHR SEARO 2022)
- Uriburu (et al), "Argentina v Venezuela? notes on Diplomatic Tensions and International Dispute Settlement" (EJIL Talk! 9 January 2025)