Clarke Program AR 2012_Short

Publications and Presentations


On May 1, 2011, Chicago University Press published Collateral Knowledge: Legal Reasoning in the Global Financial Market, Annelise Riles’ latest book. Drawing upon her ten years of ethnographic fieldwork in the Japanese derivatives market, Riles explores the uses of collateral in the financial markets as a regulatory device for stabilizing market transactions. With this book, Riles argues that financial governance is made not just through top-down laws and policies but also through the daily use of mundane legal techniques such as collateral by a variety of secondary agents, from legal technicians and retail investors to financiers and academics and even computerized trading programs. Collateral Knowledge democratizes our understanding of legal techniques, and demonstrates how day-to-day private actions can be reformed to produce more effective forms of market regulation.

From May through July 2011, Annelise Riles, the Jack G. Clarke Professor of Law in Far East Legal Studies and director of the Clarke Program in East Asian Law and Culture, conducted research on global financial regulation in collaboration with experts at the Bank of Japan, as well as other Japanese researchers and regulators. The resulting article, "Toward a New Legal Framework for Global Financial Governance," currently under review for publication in Monetary and Economic Studies, the Bank of Japan's academic research publication, diagnoses the limitations of the predominant model and argues for a more holistic and systemic legal approach to protect global economies. Riles was invited to lead this research in preparation for the G20 Summit that took place in Cannes, France, in November.


Tom Baker, William Maul Measey Professor of Law and Health Sciences at Pen Law speaks at the celebration of Collateral Knowledge at Cornell Law School on April 27.

The celebration of Collateral Knowledge at Cornell Law School on April 27, kicked off a series of presentations around the world through the rest of the year. Annelise Riles gave lectures and discussed her book’s findings at Yale Law School, Wesleyan University (May 2), Brown University (May 3), Duke Law School (September 5), Harvard Law School (September 15), Copenhagen Business School (October 7), IT University of Copenhagen (October 10), American Anthropological Association annual meeting in Montreal (November 18), and Hong Kong University (December 5).

John Blume

John Blume, Professor of Law, Cornell University Law School

The Cornell Death Penalty Project continues to be involved with the first (and only) death penalty clinic in China. Chinese law students at the Chinese University of Political Science and Law are working with Chinese academics and criminal defense lawyers on capital appeals pending before the Supreme People's court of China. The Director of the Cornell Death Penalty Project, John Blume, hosted Professor Hongyao Wu of the Chinese University of Political Science and Law and several of his colleagues during their visit to Cornell to learn about American Clinical Education in general and the Cornell Capital Punishment Clinic in particular. This year, a visiting scholar from China, Xia Pan, who worked with Professor Wu in the China clinic, is spending a year at Cornell Law School learning about both American capital litigation and clinical legal educations. Professor Blume intends to spend a month in China during the summer of 2012 working with Professor Wu and his students on cases and giving a series of lectures on capital litigation.