Allan E. S. Lumba, "Monetary Authorities: Capitalism and Decolonization in the American Colonial Philippines" (Duke UP, 2022)

New Books in Finance

Monetary Authorities: Capitalism and Decolonization in the American Colonial Philippines (Duke UP, 2022) investigates the ways in which racial and class hierarchies shaped the monetary policy and banking systems in the Philippines. Combining historical research and normative arguments calling for unconditional decolonization, Allan E. S. Lumba advances a powerful account of how the logics and practices of racial capitalism advanced the United States’ ‘counter-decolonization’ efforts in the Philippines.

In this podcast, Lumba shares the book’s back story, his theoretical inspirations that informed his core arguments, and the importance of understanding the global capitalist order from the perspective of postcolonial nations.

Allan E. S. Lumba is a Global American Studies postdoctoral fellow at Harvard University's Charles Warren Center and visiting faculty in the Department of History. He has also served as resident fellow at the Newberry Library in Chicago and University of Michigan's Bentley Library. His teaching experience and interests spans across myriad fields, including: Southeast Asian history, Asian American and Ethnic studies, U.S. in the World, and Comparative World history.

The open access edition of this book is available here.

Like this interview? You may also be interested in:

• Martin Edwards, The IMF, the WTO & the Politics of Economic Surveillance (Routledge 2018)
• Jakob Feinig, Moral Economies of Money: Politics and the Monetary Constitution of Society (Stanford University Press 2022)

Nicole Curato is a Professor of Sociology in the Centre for Deliberative Democracy and Global Governance at the University of Canberra. She co-hosts the New Books in Southeast Asia Studies channel.

This episode was created in collaboration with Erron C. Medina of the Development Studies Program of Ateneo De Manila University and Nicole Anne Revita.

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