Currency Wars: why uneven development matters

I have posted, with my colleague Shaun French, a blog on the University of Nottingham’s Integrating Global Society Priority Group web site on the subject of Currency Wars. We have secured some funding from the Priority Group to begin research on this subject in 2012. The blog can be read here.

Online Q&A Guardian Housing Network

 

I will be participating in Q&A session on Financial inclusion in housing for @guardianhousing on Monday 11 July 12-2pm: http://bit.ly/ejdBNm.  Actually, I can only do 12-1 due to meetings either side, but it should be interesting.  I’ll be intrigued to see if the issue of buy-to-let emerges, not least as rental values in the UK are on the rise again and large deposits are required of first time buyers by lenders as they continue to repair their balance sheets.  This was reflected in data from the latest English Housing Survey which revealed that since the mid-2000s the number of people in private rented accommodation has more than doubled (http://www.guardian.co.uk/money/2011/jul/05/soaring-private-rentals-pressure-first-time-buyers?intcmp=239)

 

Update 12.7.11 – link to the debate:

http://www.guardian.co.uk/housing-network/2011/jul/08/live-discussion-financial-inclusion-in-housing?commentpage=all#start-of-comments

Financializing space, spacing financialization

“Financializing space, spacing financialization” paper now published online in Progress in Human Geography. Not out in press until 2012: http://bit.ly/q1mmet

Politics of Alternative Finance

An excellent project by OpenSpace and CRESC to promote new thinking on the financial crisis and reform, including video, audio and text links, is now on-line: http://bit.ly/c4czgd

Ashby Prize 2009

I was very pleased to discover in April 2010 that I had been awarded one of two Environment and Planning A Ashby Prizes for 2009 for my paper ‘The software slump:  digital music, the democratisation of technology and the decline of the recording studio sector within the musical economy’.  The journal publishes a response from authors, which will appear shortly.

Ashby Prize Response

When I was thinking of what to write in response to being awarded the Ashby prize for my paper on the impact of software on the musical economy, I was suddenly reminded – appropriately, perhaps, given the subject of my paper – of the acceptance speech of Guy Garvey, lead singer with the band Elbow, when he was called to the stage after the band won the 2008 Nationwide Mercury Music Prize for their album The Seldom Seen Kid. He said that he knew he was expected ‘to be cool and say something coy’, but in truth, he admitted in an unfashionably unguarded way, winning the award ‘was the best thing that’s ever happened to us’.  Now, let it be clear that I’m not saying that winning the Ashby Prize is the best thing that’s ever happened to me, nor am I equating the Ashby Prize with the Nationwide Mercury Music Prize (there was no boozy awards event hosted by Jools Holland for a start).  But this is only the second academic prize I have won in 30 years, following on the Best Humanities A-Levels Prize at Ynysawdre Comprehensive School in 1979.  There are two further reasons why I am particularly delighted to be a recipient of this award.

The first reason is the esteem in which I hold the journal.  I encountered Environment and Planning A as first an undergraduate and then a PhD student in the University of Swansea library during the 1980s.  I remember the sheer physical effort needed to carry a few of the weighty, purple-bound volumes back to my desk.  The sheer heft of the journal is probably not noticed so much these days with electronic access and the ubiquity of pdf files, but the journal is substantial in all senses of the word, and testament to the large amount of material that flows through it every year.  During my doctoral research, which was on uneven spatial divisions of labour, I drew on it constantly, and I can still reel off a number of key references published in the journal that helped to establish that debate from the mid-1970s through to the mid-1980s.  The other remarkable thing about it is that despite the high turnover of papers, and the punishing monthly publication schedule, the quality of production and attention to detail is, in my experience, unsurpassed.  Every ‘final version’ of a paper that I have sent to E&PA after acceptance has been further improved through its quality control process.  As an editor of a rival journal between the mid-1990s and mid-2000s, and which was owned by an organization very different to Pion, I could only look on in envy and admiration.

The second reason why I am delighted to have won one of this year’s Ashby Prizes is that it is for work which the music industry press would no doubt describe as a ‘side project’ to research for which I am perhaps better known; that is, work on the geographies of money and finance.  I have long had an interest in the musical economy, which was probably first noticeable in my fascination for the record labels that covered the 7” records that I bought with my pocket money in the 1970s.  However, it took a while before I had the confidence to begin thinking of music as subject for geographical enquiry.  Discussions with people such as Stuart Corbridge and Gerry Kearns in the early 1990s were important in this regard, although in the end these discussions came to nothing, but discussions and then collaborations with David Matless and George Revill did, resulting in the Place of Music conference in 1993, and the publication between us of both a theme issue of the Transactions of the Institute of British Geographers and an edited book (imaginatively entitled, The Place of Music), both of which were broadly based on the conference proceedings. Although this work was well received, and helped to carve out a new line of enquiry within human geography, I was never entirely satisfied with it, simply because I had not found a problem that played to my strengths and interests as an economic geographer.  For this reason, I remain particularly grateful to a German Erasmus undergraduate at the University of Bristol who, knowing I had already published work on the geography of music, came into my office in 1997 to tell me of a new phenomenon that was sweeping hacker communities on the Internet, that made it possible to download music for free.  I wish I could remember his name to thank him properly – perhaps he might read this and get in touch, you never know – but as soon as he described the MP3 format and how it was being used I knew that this was both an inherently geographical phenomenon, as it enabled music to move through time-space in new ways, and that it was going to have serious implications for the organization of the music industry. By having the rise of MP3s and Internet piracy brought to my attention relatively early in its development made it possible for me to publish one of the first papers on its economic consequences in the academic literature, which I am pleased to say was also published in Environment and Planning A in 2001.  This work formed the basis of subsequent investigations into the impact of digital technology on music, and in particular the investigation of what I describe as musical networks, which helped me shift the focus of my research to networks of creativity in general, and to recording studios in particular.

This research has been undertaken with relatively little funding, although I am particularly grateful to the Research Committee of the School of Geography, University of Nottingham for providing me with the money that enabled me to travel to undertake the interviews which formed the basis of the paper in question.  Indeed, I would like to take this opportunity to acknowledge the broader environment of the School and the University in which I work, which have been very supportive and encouraging.  In particular, I wish to acknowledge my colleagues Shaun French, Steve Daniels and David Matless, as well as former colleagues Michael Samers and Dan Grimley, who have all provided input along the way in the form of questions and discussions at internal seminars and workshops on the subject of music, economy and culture, as well as more informal conversations over lunch, coffee and in the bar.  I would finally like to thank Linda, Sophie and Tom, despite their persistent refusal to admit that I might actually know something about music and their united front against my musical taste, or what they invariably describe as that ‘awful, awful racket’ which they usually want me to turn down or, preferably, off.

Andrew Leyshon 24.5.10

I am very pleased to inform you that you have been awarded one of two Environment and Planning A Ashby Prizes (formerly the Anniversary Prizes) for 2009 for your paper ‘The software slump:  digital music, the democratisation of technology and the decline of the recording studio sector within the musical economy’.

The remit of financial geography—before and after the crisis

A commentary on the implications of the financial crisis has been published in an unusually structured multi-authored piece in the Journal of Economic Geography.  It is part of a theme issue on financial geographies, the origins of which was a session organized by Ewald Engelen and James Faulconbridge at the Boston meeting of the Association of American Geographers in 2008.  The paper has four individually authored sections that have been knitted together in the order of the authors (which is why the word ‘I’ appears in what looks to be a co-authored paper). The full reference is below, and a pre-publication version of the paper can be accessed here.

Roger Lee, Gordon L. Clark, Jane Pollard, and Andrew Leyshon (2009)  The remit of financial geography—before and after the crisis
Journal of Economic Geography, 9, 723-747

Banking on Financial Services

This is the final submitted version of a chapter which focuses on the changing geography of financial services employment, focusing on the UK’s leading financial centres.  It was written with Shaun French (Nottingham) and Karen Lai (UBC), and is coming out in a book edited by Neil Coe and Andrew Jones:  The Economic Geography of the UK (SAGE).

The chapter can be downloaded by clicking on this link: Banking on Financial Services_French Lai and Leyshon.

Recording Studio research

The publication of my paper on the declining fortunes of the recording studio sector (Leyshon A, 2009, “The Software Slump?: digital music, the democratisation of technology, and the decline of the recording studio sector within the musical economy” Environment and Planning A 41(6) 1309 – 1331) led to another press release and a podcast.

This press release generated quite a bit of media interest, not least in that it gave me the opportunity to mention the high profile studio closures that have occurred since undertaking the research as a result of the problems facing studios identified in the paper. It included a feature in the Sunday Express and an article due to be published at some point in the Independent on Sunday.  But what was surprising was just how widely this story ran across a range of different media outlets as a result of one press release, which shows effectiveness of the UoN communications department, the power of the Internet, aggregator software and just how hungry media is for stories with perceived wider public interest (see list below).  Anything with a bit of doom and gloom I suppose … It has also made the Royal Geographical Society web page, which partly makes up for me missing the Annual Conference this year.

I was also called for another appearance on the Andy Whittaker Breakfast Show on BBC Radio Nottingham, although I didn’t feel the interview was a great success.  A previous item overran, which meant I only got a couple of questions before the 8.00 am news, and I was unable to respond with any authority to AW’s anecdote about a recent hit record which, apparently, had been part-recorded in a Nottingham toilet (er … no, not surprisingly,  I didn’t know about this).  I think next time I shall also avoid turning up in cycling garb on my way to work as I suspect being dressed in brightly coloured lyrca made it difficult for the host to take me all that seriously.

The interview with Andrew Burden went much better, and has been released as a University of Nottingham Podcast. It can be accessed by clicking here: http://communications.nottingham.ac.uk/podcasts.html.

Update: 25.9.09: An interview I did for BBC Radio 4′s You and Yours on the subject was broadcast today in a feature on the closure of recording studios and can be accessed via the Listen Again feature: http://www.bbc.co.uk/programmes/b006qps9

Media coverage

How UK’s recording studio sector is seeing a downturn
BRITAINnews.net – 16/08/09 11:34
1 other source (Irish Sun)
Words matched: University of Nottingham
…severe crisis in the music industry, revealed a new research from The University of Nottingham. Today, the country’s recording studio sector is…
How UK’s recording studio sector is seeing a downturn
The Gaea Times – 16/08/09 10:45
Words matched: University of Nottingham
…crisis in the music industry, revealed a new research from The University of Nottingham. Today, the country s recording studio sector is becoming …
UK’s famous studios ‘in crisis’
Hartlepool Mail – 16/08/09 09:43
48 other sources (Queensferry Gazette, Fife Today, …)
Words matched: University of Nottingham
…good quality tracks. Andrew Leyshon, professor of economic geography at the University of Nottingham, visited around 40 of the country ‘s 300 or…
FLIP SIDE OF PROGRESS
Daily Express – 16/08/09 01:08
4 other sources (UK Express, Sunday Express, …)
Words matched: University of Nottingham
…2 U). Andrew Leyshon, professor of economic geography at the University of Nottingham, said the writing had been on the wall since the Seventies …
UK’s famous studios ‘in crisis’ – Brechin Today
Brechin Advertiser – 15/08/09 18:32
Words matched: University of Nottingham
…good quality tracks. Andrew Leyshon, professor of economic geography at the University of Nottingham, visited around 40 of the country ‘s 300 or…
The day the music died
First Science – 14/08/09 23:26
2 other sources (Alpha Galileo, Sourcews UK)
Words matched: University of Nottingham
…UK’s recording studio sector, according to new research from The University of Nottingham. Once synonymous with the creative talents of artists …
Professor predicts doom for studios
this is Nottingham.co.uk – 14/08/09 15:47
Words matched: University of Nottingham
…UK’s recording studios, according to new research from the University of Nottingham. A number of iconic London recording studios, including Olympic…
How UK’s recording studio sector is seeing a downturn
NewKerala.com – 16/08/09 19:09
10 other sources (SmasHits.com, Big News Network, …)
Words matched: University of Nottingham, research
…due to a severe crisis in the music industry, revealed a new research from The University of Nottingham. Today, the country’s recording studio…
How UKs recording studio sector is seeing a downturn
AndhraNews.net – 16/08/09 15:02
Words matched: University of Nottingham, research
…due to a severe crisis in the music industry, revealed a new research from The University of Nottingham. Washington, Aug 16 : Once synonymous …
ANIHow UK’s recording studio sector is seeing a downturn
Yahoo! India News – 16/08/09 10:56
Words matched: University of Nottingham, research
…due to a severe crisis in the music industry, revealed a new research from The University of Nottingham. Today, the country’s recording studio…

Podcast: ‘We all live in a Robbie Fowler house’

You can listen to me discussing the UK buy to let market with Andrew Burden in the latest University of Nottingham podcast.  It is based on research undertaken with my colleague Dr Shaun French and funded by the Financial Services Research Forum.  The research will shortly be published as an end of award  report for the Forum and as a paper – ‘We all live in a Robbie Fowler house’: the geographies of the buy to let market in the UK – in the British Journal of Politics and International Relations in the summer of 2009 (see post above).  The podcast can be accessed by clicking here.

You can also download a recording of me giving a much earlier version of the paper at a workshop on The Political Economy of the Sub-prime Crisis, held at the University of Warwick in September 2008, via iTunes.   To access the file, go to the iTunes Store and enter ‘Buy-to-Let, Financialization and the Geographies of Risk’ in the search dialogue box in the top right hand corner.  The download is free of charge.  (This search should also enable you to click through to recordings of all the academic papers presented at this workshop).

You can also, for a limited time only, also catch an interview I did on the research with BBC Radio Nottingham, which is available on the BBC iPlayer. Click here, select 11/05/09 and then move forward to 2:41:40 (I’m sandwiched between an item on the availability of hand washing gels in hospitals and the best places for men to meet women … )


Royal Geographical Society EGRG postgraduate prize 2009

I was very pleased to hear that Karen Lai has been awarded the 2009 RGS Economic Geography Research Group prize for best PhD in the sub-discipline. Her thesis, “Approaches to ‘Markets’: The Development of Shanghai as an International Financial Centre”, was undertaken here in the School of Geography at the University of Nottingham.  I co-supervised her doctoral research with Shaun French. In 2008, Karen was awarded a prestigious Killam Postdoctoral Fellowship at the Department of Geography, University of British Columbia, Canada. Following that, Karen will be taking up a position in the Department of Geography, National University of Singapore.

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