Daniyal Khan

If there is one thing sustaining me and keeping me from succumbing to total despair and hopelessness, it is the encouragement and perspective offered by my much older, wiser teachers. A true blessing.

Syllabi for four of my courses (all undergraduate) are now available on my website:

- Money and Central Banking
- The Life and Work of John M. Keynes
- Studying Capitalism
- Intermediate Macroeconomics

Thank for the generous shout out! And honored to have my book next to Eric's one ☺️

Inspirational!

Finally, a post for the MHRC with my colleagues Eeman Qureshi and Rimsha Arif, on the ambiguous prospects of a Pakistani central bank digital currency:
mhrc.lums.edu.pk/ambiguous-pr...

CENTRAL BANKING NEEDS A CAPITALIST MANIFESTO CENTRAL BANKING NEEDS A CAPITALIST MANIFESTO

And my first post for the MPI on why central banking needs a capitalist manifesto:
medium.com/@monetarypol...

SIFTING THROUGH PANDORA’S PAKISTANI POLICY CASKET “In the working out of Greek culture, its peoples came increasingly to believe that Pandora stood for an element of their own natures…

Another post for the MPI on the problems of “man-made political culture and institutional architecture of policy in Pakistan”:
medium.com/@monetarypol...

The Tightening Noose of Pakistani Monetary Austerity Daniyal Khan Assistant Professor, Department of Economics, Lahore University of Management Sciences

My most recent post for the Monetary Policy Institute on monetary austerity in Pakistan:
medium.com/@monetarypol...

Book Review: The Rise of Central Banks: State Power in Financial Capitalism - Daniyal Khan, 2024

A book review of Leon Wansleben's 2023 book "The Rise of Central Banks":
journals.sagepub.com/doi/10.1177/...

Capitalism’s Double-Edged Sword: A Review of Two Recent Books About Central Banks Published in Review of Political Economy (Ahead of Print, 2025)

A book review of @manuelamoschella.bsky.social and Monnet's 2024 books on central banks:
www.tandfonline.com/doi/full/10....

Implications of a Post Keynesian reframing of the Pakistani This paper interprets Pakistan’s monetary system through the lens of a Post Keynesian endogenous money model and argues that the 2022 amendment to the State Bank of Pakistan Act, 1956 has embedded the

The working paper link:
ideas.repec.org/p/new/wpaper...

YouTube video by CERPakistan Paper Session 6: Market Systems and Local Development

A thread 🧵 of my work on money and central banking #hetecon

First, a presentation from Dec '24 of an updated version of my working paper on a Post Keynesian reframing of the Pakistani monetary system. (WP link in next post.) My presentation begins at the 1:01:45 timestamp:
youtu.be/fytHM7kJiFo?...

Teaching Money and Central Banking ECON 3602 (LUMS, Spring 2024) The Banker and his Wife, Marinus van Reymerswaele This course presents some salient problems and debates in the social scientific study of mo…

I have updated my teaching/syllabi page:
daniyalkhan.net/teaching/

Four excellent recent reads

You know that Joan Didion quote about writing “to find out what you think”?

Turns out that conversely, if you outsource writing, you actually become more ignorant.

Amazing, Nathan! Best wishes! I wish I was in NYC to drop by. Will keep in mind whenever I'm in the city again.

Lindsay Waters, Enemies of Promise, pgs 56, 62.

One of the best books I've read recently. Must read for all young scholars and anyone thinking of becoming an academic.

Questions for myself after watching Sanctuary on Netflix:

(How) Is my economics different?
Is my economics beautiful?

کیا میری معاشیات مختلف ہے؟
کیا میری معاشیات خوبصورت ہے؟

To anyone who was paying attention, it was obvious when ChatGPT was first released that it was an artificial bullshit generator. Nothing that has come out since has required any adjustments to this view. (Except, I guess, to recognize that plausible-sounding bullshit is sometimes what people want.)

Our book is *finally* available for pre-order! It'll ship next week on May 30th 😱 Been a long time coming, very curious about what you all will think.
@devikadutt.bsky.social
@cacrisalves.bsky.social @surbhikesar.bsky.social

AI and commercial interests have muddied the water of higher education so badly I have no idea how people aren't just walking out of the sector. Don't know how long I'm going to last here, and no idea what I'll do afterwards.

HEWG Shalimar Garden, Lahore (Hiroshi Yoshida, 1932)

The Heterodox Economics Working Group (HEWG) is an effort to foster a Pakistani community of economic heterodoxy. Our website is up and running, as simple as it is.
sites.google.com/view/hewg/home
#hetecon

Excellent. Must read. Remarkable foresight.

Joseph Nye, who coined the term ‘soft power’, dies aged 88 [FREE TO READ] Former dean of Harvard’s Kennedy School of Government served in two US presidential administrations

Joseph Nye, who coined the term "soft power", dies aged 88 on.ft.com/4kaAl4d

Complete fog of war here in Pakistan. Government and military sources have succeeded in cultivating an insane level of mistrust and misunformation among their own public.

Comments and feedback are most welcome and would be much appreciated.

The Crumbling Court The Emperor’s New Clothes (Vilhelm Pedersen, 1849, Wikimedia Commons) To allow the market mechanism to be sole director of the fate of human beings and their natural environment indeed, even …

The post above was a part 2 of sorts to this, more raw post back in November 2024: daniyalkhan.net/2024/11/28/t...

The death of the corporate university and its burial on the Columbia campus Photo by Chenwei Yao on Unsplash The slippery slope on which the board of Columbia University has stumbled since the start of the Gaza protests has turned out to be very steep, and the crash has be…

My blogpost on the total breakdown of corporate governance at Columbia and the death of the corporate university: daniyalkhan.net/2025/04/12/t...

My reviews of three recent books on central banks by Moschella, Monnet, and Wansleben are out in ROPE and RRPE:

ROPE (Moschella and Monnet): www.tandfonline.com/doi/full/10....

RRPE (Wansleben): journals.sagepub.com/doi/10.1177/...

#centralbanking #hetecon