My book project, Made By Money: Politics, Economics, and the Self in Capitalist Modernity, examines how money and the formation of the modern economic self interact with democratic politics. The book joins recent cross-disciplinary scholarship that has sought to reveal and contest the political foundations of economic life. In critical conversation with this literature, I emphasize the ways in which political agency and identity have themselves been interwoven into processes of economic depoliticization. In particular, I focus on the institution of money to show how it is both made and continuously re-makes us. To do so, I undertake novel rereadings of Aristotle, Karl Marx, Friedrich Nietzsche, Georg Simmel, and Friedrich Hayek, as well as contemporary democratic theorists of money, to uncover and theorize a powerful but overlooked connection between money and the constitution of the self. By shaping desires, choices, imagination, affect, relationships, and relations to the natural and social worlds, modern money constructs the self in significant and far-reaching political ways, not least of which is to (re)produce behavior and beliefs that capitalist markets require to operate. I show how disregarding this insight has not only underwritten anti-political and anti-democratic myths about free markets, but also led to critical accounts that underestimate the subjectivities that continue to fuel the seductions of the market. Attending to the politics of economic self-making instead offers a deeper understanding of what is and can be political about money and the economy. Assessing this link between money and the self enables us to reevaluate money’s role in our lives, in shaping how we view and confront problems of social justice, and in our debates about ongoing economic challenges to democracy.
Book Project
I also write about the politics of mass incarceration in the United States. One article, “Turning Over the Keys: Public Prisons, Private Equity and the Normalization of Markets Behind Bars,” co-authored with Mary Fainsod Katzenstein and published in Perspectives on Politics (2021), examines the emergence of partnerships between public carceral institutions and private equity, bringing to light the ways in which these partnerships are reshaping both the carceral economy and the gender relations that sustain it. Another, “Alabama is US: Concealed Fees in Jails and Prisons,” co-authored with Mary Fainsod Katzenstein and Nolan Bennett, was published in the UCLA Criminal Justice Law Review (2020).
Building on these related research interests, I have also begun developing a second book-length project, provisionally entitled Democracy’s Debts, which offers a historical exploration of the democratic politics of debt in North America since the eighteenth century. I examine how the discourse of debt has been conceptualized and mobilized both to entrench hierarchy as well as to imagine struggles for equality. I do this by evaluating the economic and legal history of the development of debt in the U.S. within four key arenas where political arguments about debt have been articulated and deployed: political struggles over public debt, the role of credit in slavery but also contemporary demands for reparations for racial injustice, demands for progressive redistribution and practices of regressive distribution, and finally the politics of personal and metaphorical debt. Currently in preparation for journal submission, the first paper in this project, “Hamilton’s Debt: On the Ideological Origins of Public Debt and Private Credit Markets,” examines Alexander Hamilton’s 1790 “First Report on Public Credit” and argues that it operated as a deeply influential site for the development of the idea of a “public debt” that all citizens must organize their economic activity to manage.
Other & Future Work
Swanson, Jacob. (2023). “Beyond Governance and Prevention: On the Use(s) of Aristotle for Theorizing Money’s Politics.” Political Theory.
Swanson, Jacob. (2021). “The Use of Money in Society: Friedrich Hayek’s Social Work.” Political Theory.
Swanson, Jacob and Mary Fainsod Katzenstein (forthcoming). “From the Battlefield to Behind Bars: Rethinking the Relationship between the Military and Prison Industrial Complexes.” Daedalus.
Swanson, Jacob and Mary Fainsod Katzenstein. (2021). “Turning Over the Keys: Public Prisons, Private Equity and the Normalization of Markets Behind Bars.” Perspectives on Politics.
Katzenstein, Mary Fainsod, Nolan Bennett and Jacob Swanson. (2020). “Alabama is US: Concealed Fines in Jails and Prisons.” UCLA Criminal Justice Law Review, Volume 4.
Publications
Katzenstein, Peter J., and Jacob Swanson. “Para-humanism and Uncertainty: Anthropocene and Artificial Intelligence.” Critical Inquiry (under review).
“Hamilton’s Debt: On the Ideological Origins of Public Credit and Private Credit Markets.”
“We Are Part of the Nature We Seek to Understand: Karen Barad and the Politics of Self-Observation.”
Working Papers
Joseph Beuys, Dillinger (~1974)