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Stephan Gruber

@stephangruber.bsky.social
553 followers 423 following 45 posts

Post Doctoral Researcher @MPIfG_Cologne . Economic Sociology / Political Economy / Economic Thought / Social Change / Central Banks / Latin-America

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Stephan Gruber @stephangruber.bsky.social · 04/10/2026
Yes. That one is impressive.
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Stephan Gruber @stephangruber.bsky.social · 01/10/2026
Hi Fulya. It's already out, as hardback! Nice read, by the way. How the modern tropes of growth, innovation, creative destruction are a fictional alibi for extraction and exploitation.
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Jens van 't Klooster 💸💸💸 @jvtk.bsky.social · 28/09/2026
Finally out, with @shahinvallee.bsky.social our ambitious story for European Macro Policy Network (EMPN) on the future of the global euro empn.eu/publication/...
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Anna Hehenberger @annahehenberger.bsky.social · 01/10/2026
Comes fall, come news! 🍂 In September, I started my position as post-doctoral researcher at the University of Vienna as a member of Dorothee Bohle's research group, continuing my work on growth models, decarbonisation and industrial transformation ✨ In case you're in Vienna: hit me up! 💃
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Deutsche Gesellschaft für Soziologie e.V. @dgsoziologie.bsky.social · 01/10/2026
Mit dem Dissertationspreis der DGS wurden dieses Jahr ausgezeichnet: @franziskawiest.bsky.social für "Umkämpftes Vermögen. Patrimoniale Verhältnisse in superreichen Familien" und Sören Altstaedt für "Ecologizing Tomorrow. The Clash of Future-Cultures in the 1970s Limits to Growth Debates" #dgs2026
Alina Anna Waltraudes, Franziska Wiest, Sören Altstaedt und Julia Hahmann stehen zusammen und halten Auszeichnungen bei einer Preisverleihung in einem Konferenzraum.
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Max-Planck-Institut für Gesellschaftsforschung (MPIfG) @mpifg.bsky.social · 01/10/2026
After 37 years at the MPIfG Library, @susiebuch.bsky.social is retiring! 🌷 Thank you for sharing your expertise, supporting open access, and helping generations of researchers – always going beyond the library. You’ll be greatly missed – so much so that the PhDs made a cardboard Susanne! 😄
Susanne HiIlbring next to a life-size cardboard Susanne
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taz @taz.de · 25/09/2026
Berlin kann die Entschädigung für die Vergesellschaftung von Immobilienbeständen ohne Belastung für den Landeshaushalt stemmen. Das sagt eine Studie der Hans-Böckler-Stiftung 👉 taz.de/Neue-Studie-...
Eine Person hält einen Schal mit der Aufschrift „Enteignen“. Text: Studie der Hans-Böckler-Stiftung: Die Vergesellschaftung ist finanzierbar
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LPE Blog @lpeblog.bsky.social · 18/09/2026
Also hitting the shelves this week: @athenais.bsky.social's new book, *The House That Family Money Built: How Inequality Governs Debt and Wealth Management.*
ucpress.edu
The House That Family Money Built by Allison Tait - Paper
Scholarship is a powerful tool for changing how people think, plan, and govern. By giving voice to bright minds and bold ideas, we seek to foster understanding and drive progressive change.
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susannah glickman @susglickman.bsky.social · 11/09/2026
we are hiring a us historian at stony brook! its a great job, please send around and apply apply.interfolio.com/192098
apply.interfolio.com
Apply - Interfolio {{$ctrl.$state.data.pageTitle}} - Apply - Interfolio
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Karthik Sankaran @rajakorman.bsky.social · 07/09/2026
Your periodic reminder story that the US is intermittently (and depending on who’s in the WH, variably) complimentary about South America’s politics, but China is permanently complementary with South America’s economics. www.nytimes.com/2026/09/07/w...
nytimes.com
In Peru, the Trump Administration Sees the Limits of Its Anti-China Push
As Secretary of State Marco Rubio travels this week to Peru, its growing economic ties to China have raised tensions with the U.S., but show no signs of reversing course.
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Stephan Gruber @stephangruber.bsky.social · 03/09/2026
Brilliant and congrats. Reading ASAP
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Decolonial Memories @colonial-memories.bsky.social · 26/08/2026
Decolonial memories by Bonn University @dependencybonn.de: New professorship & other positions focused on legacies of European colonialism. @he-mel.bsky.social @kilderbenhauser.bsky.social @adamblackler.bsky.social @tnflorvil.bsky.social @michmo.bsky.social www.uni-bonn.de/en/universit...
Picture with job announcement by Bonn University
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Paulo Drinot @paulodrinot.bsky.social · 22/08/2026
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FT Alphaville @alphaville.ft.com · 20/08/2026
www.ft.com/content/bcc9...
ft.com
140 years of banking crises and bailouts
We started so we finished
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Lukas Scholle @lukasscholle.bsky.social · 17/08/2026
𝗪𝗶𝗿 𝘀𝘂𝗰𝗵𝗲𝗻 𝗲𝗶𝗻𝗲𝗻 𝗪𝗶𝗿𝘁𝘀𝗰𝗵𝗮𝗳𝘁𝘀𝗿𝗲𝗱𝗮𝗸𝘁𝗲𝘂𝗿, dessen Blick sich auf die Interessen der großen Mehrheit richtet und nicht die der Reichsten. Alle Infos: www.surplusmagazin.de/jobs/
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herman mark schwartz @thunen.bsky.social · 16/08/2026
good 🧵⬇️ (& PW article). long since time for dependency theory 2.0 now that the neoliberal & methodologically nationalist "every country can be south korea with proper institutions" arguments have proven wrong. In aggregate, little change in EMDE GDPpc relative to US GDPpc over the long run. 1/2
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Might be of interest for @paulodrinot.bsky.social @danielagabor.bsky.social @pgolka.bsky.social @mpifg.bsky.social @anninak.bsky.social @r-maruy.bsky.social @dasilvapp.bsky.social @jvtk.bsky.social @thunen.bsky.social @mkblyth.bsky.social
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Thanks to the @phenomenalworld.bsky.social team for largely improving the piece, specially to Maya Adereth, Willa Glickman and @yusufimaadkhan.com. And those that discussed previous versions @tobiasarbogast.bsky.social, @benbraun.eurosky.social, @lasandunga.bsky.social, @cacrisalves.bsky.social
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Peripheral economies face wicked macro-financial dilemmas — there's no easy blueprint. What Peru needs is to confront these postponed dilemmas democratically and creatively, instead of doubling down in recipe of authoritarianism and extractive de-regulation, or hiding behind myths of technocracy.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
But this reserves-led stability mechanism has real opportunity costs: capital gets recycled abroad instead of feeding domestic financial circuits. Peru is in a zugzwang — more reserves are needed to keep FDI flowing (and securing its exit), but that difficults bold developmental investment.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Peru's balance-of-payments stability hinges on reserve accumulation that doubles the Latin American average, "insuring" against capital flight — alongside an austere state and low-wage economy that limit budgetary and import pressures.
Foreign reserves of Peru. Reaching 100 Bn Dollars in 2026, with a trend of around 30% of GDP in relative terms. This is double the average of Latin America.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Peru's strong trade surplus is usually outweighed — barring very favorable terms of trade — by the primary income deficit: mostly profits and debt repatriated by foreign companies, many in extractive industries.
Peru's Current Account 2012-2026: the current account has been in deficit throughout the period until 2024, in which excellent terms of trade skyrocketed the trade balance bringing the current account to surpluses. Primary income incrased its deficit as well the services account. Secondary income, mainly remmittances is also positive and stable.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Peru's model has boosted exports and lured foreign investment through favorable laws and macro-financial conditions — but that investment is concentrated in raw commodity mining, with weak linkages to the rest of the economy and little reinvestment.
An illustration of Peru's Export Basket: Cooper leads with 31.5%, Gold with 18.4 % and other metals with 12.3%, in sum minerals overwhelms the baskey with 62%, Agro-Exports 15%, while other non-traditional exports are only around 12.6%.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
The piece dissects how Peru's growth model — and the politics and macro-financial architecture needed to sustain it — systematically blocks productive investment in key infrastructure, physical and social, entrenching low-quality informal jobs, also weaken, capture, and hollow out democracy itself.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
The pandemic made this gruesomely visible: Peru led the world in excess deaths, and poverty rebounded by 50%. Despite the shock, little has changed — recent years, even with favorable economic conditions, brought back recession, lack-luster growth, stubborn poverty.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
Less discussed: the macroeconomic roots of that political decline, and the other dysfunctions blurred by fixation on political spectacle and the exchange/inflation rate — high informality, low productivity, scarce public goods, economic vulnerability.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
It's now common to frame Peru through a paradox: political instability vs. macroeconomic stability. The former blamed on a dysfunctional system and amateur politicians; the latter credited to the central bank's technocratic skill.
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Stephan Gruber @stephangruber.bsky.social · 15/08/2026
I wrote this for @phenomenalworld.bsky.social on the politics of Peru's growth model in the wake of Fujimori's election. The "Peruvian Model" is praised for resilient macro stability amid political turmoil — but I focus on its downsides: how it blocks structural change and hollows out democracy.
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Philipp Hölzing @philipphoelzing.bsky.social · 19/07/2026
Herzlichen Glückwunsch zum 60. Geburtstag heute, Rahel Jaeggi! Pünktlich zum Fest lotet dieser Band das Spannungsfeld von Materialismus und Emanzipation neu aus: zwischen Freiheit und Notwendigkeit, zwischen Geist und Materie, zwischen Bewahrung und Revolution. Out now!
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Max-Planck-Institut für Gesellschaftsforschung (MPIfG) @mpifg.bsky.social · 30/06/2026
Don’t miss next week’s MPIfG Lecture by @kaikodden.bsky.social: “Understanding Germany in Times of Genocide: Franz Neumann and the Ongoing Question of Imperialism“. 🗓️ Wednesday, July 8, 16:30 📍 MPIfG, Cologne 📧 Sign up: info@mpifg.de 🔗 s.gwdg.de/nlm4Mk
Eventposter with portrait of Kai Koddenbrock and details of the lecture: July 8, 2026, 16:30. "Understanding Germany in Times of Genocide: Franz Neumann and the Ongoing Question of Imperialism." Kai Koddenbrock, Bielefeld University
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Stephan Gruber @stephangruber.bsky.social · 26/06/2026
Bravo!
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Grantham Research Institute at LSE @granthamlse.bsky.social · 23/06/2026
We regret that our event on Extreme Heat: Improving governance and strengthening action around the world has been cancelled due to the red extreme heat warning issued by the UK Met Office. Our apologies to everyone who was planning to attend the event.
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Benjamin Braun @benbraun.social · 05/06/2026
"What if Odysseus had himself tied to the mast not for 30 min but for 20, 30 years? First, muscles are going to atrophy. Second, he's going to lose control of the ship." – Leah Downey "The monetary system may be both democratically legitimate and corrosive of democracy over time." #financedemocracy
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Sandra W Rodríguez Castañeda @lasandunga.bsky.social · 20/05/2026
Next Tuesday 4:30pm (26 May), Lina-María Murillo (UT Austin) discusses her book Fighting for Control: Power, Reproductive Care, and Race in the U.S.-Mexico Borderlands –uncovering how Mexican-origin women fought to reclaim autonomy across the border. Hybrid event at UCL. Register: sl1nk.com/8l0g54c
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Paulo Drinot @paulodrinot.bsky.social · 28/04/2026
El “modelo”.
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Daniel Kuehn @dkuehn.bsky.social · 23/04/2026
I am not a Hayek scholar but it's still really exciting to see these digitized papers online. Digitized archives are so valuable for broadening the scope of people who do history of economics. www.hoover.org/news/papers-...
hoover.org
The Papers Of Friedrich August Von Hayek Now Accessible Online
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
Haha, thanks Pavlos! Learned much from you for all this!
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
5. I want ot thank Tobias Rupprecht and his Peripheral Liberalism reseach group for the opportunity to join - a bit in extremis - the nice roster of contributions around the world on this topic. And please, write me in case are you interest in having access to the chapter.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
4. The paper also serves to further contest the Washington Consensus centric take on Peru's neoliberalism, portraying the weight of that longer genealogy of ideas. Creative arguments on floating exchange rate, self-help urbanism and property owning populism could be found in that back-story.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
3. The argument is that Peru's peripheral economy, with fiscal constrains, but also heightened expectations for development shaped the path of these early neoliberals. Experiments of authoritarian austerity were possible. But also the need to accomodate to the developmental and welfarist urges.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
2. That lineage of ideologues, that some were at the same time powerful businessmen and politicians, streches back to the 1930s. The chapter summarizes the history of pionnering success in bringing stark liberalization (not without authorianism), but also their failures throughout the 20th century.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
1. As a good complement, earlier this year I published this chapter in the edited volumen Market Economists Beyond the West, edited by Tobias Rupprecht in Routledge. In there, I relate the 1980s story to the longer Peruvian genealogy of neoliberal ideas. www.routledge.com/Market-Econo...
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
@mpifg.bsky.social @williamcallison.bsky.social @tomasgold.bsky.social @juliangomezdelgado.bsky.social @paulodrinot.bsky.social @quinnslobodian.com @llchristyll.bsky.social @cami34.bsky.social @proufos.bsky.social @cacrisalves.bsky.social @benbraun.eurosky.social @melindacooper.bsky.social
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
9. The piece will be part of the upcoming special issue “Polycentric Neoliberalism” that offers similar fascinating analysis from the experiences of other Latin-American and Asian Cases. Many thanks to Tomas Gold and Max Jara for organizing it. online.ucpress.edu/gp/collectio...
online.ucpress.edu
Special Collection: Polycentric Neoliberalism: Circulation, Translation, and Articulation | Global Perspectives | University of California Press
Guest Editors: Tomás Gold, University of Southern California, USA Maximiliano Jara-Barrera, Freie Universität Berlin, Germany
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
8. From the historical analysis of a peripheral case, the article resonates with today’s perplexity of the end-not-end of neoliberalism, as it explores one of their many mutations, in which the hybrid interaction - rather than clear-cut - between "paradigms" is central.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
7. The analysis serves as an example of how neoliberal populism takes shape, and how it is able to strategically decouple itself from the debates on macroeconomic matters that in the 1980s, that were briefly a hard-sell in Latin America.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
6. This “microeconomic populism” present in De Soto was not just sucessful intellctually in the 80s and played a role alongside Fujimori's shock therapy in the 1990s, but has become a central part of Peru's liberal right-wing until today.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
5. De Soto’s success is understood in the text as the ability to co-opt many elements of left populist discourse into a pro-market narrative of Peru’s failed economics and a promise to solve it through financial and legal coding, instead of macroeconomic redistribution: a microeconomic populism.
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Stephan Gruber @stephangruber.bsky.social · 22/04/2026
4. De Soto’s "Other Path", the book and the political agenda, was more influenced by other neoliberal ideas than those of macroeconomic adjustment (more Buchanan, Law and Economics and Hayek, than Friedman). However, these influences were confronted with and reshaped by Peru’s left populism.
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