Summer 2008 Vol 20 Number 1 Magazine 54 Lincoln’s Inn Fields LSE’s newest building takes shape THE MAGAZINE FOR ALUMNI OF THE LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE LSE Residences are open to commercial guests during vacations. 10% discount available to alumni, staff and students. With low prices in unbeatable central London locations it’s the ideal place to stay! OF LONDON www.lsevacations.co.uk Individuals, families and groups welcome Singles from £32* Twins from £50* Triples from £64* Good quality, affordable accommodation (*Summer 2008 rates) in unbeatable central locations For further information and booking enquiries contact us on +44 (0)20 7955 7575 or email [email protected] Book online at www.lsevacations.co.uk Accommodation availability Summer 2008 5 July – 27 September Christmas 2008-09 13 December – 10 January Easter 2009 21 March – 26 April Bankside House London SE1 Butler’s Wharf London SE1 Carr-Saunders Hall London W1 Grosvenor House Studios London WC2 High Holborn London WC1 Northumberland House London WC2 Passfield Hall London WC1 Rosebery Hall London EC1 Contents Editor’s message Features If there is a theme to this issue, it’s travel and change. 6 The power game Peter Sutherland, the new chair of LSE Court of Paul Kennedy debates Governors, writes about migration in today’s globalised American power in today’s world and describes the urge to move in pursuit of a fractured world. better life as ‘one of the most natural and powerful’ of 9 Beyond borders all human instincts. The dynamics of migration So it is fitting that we should also look in this issue at the are evolving with remarkable United States, a country whose history is intimately linked speed. Peter Sutherland 6 to migration. Professor Paul Kennedy revisits the theme of his controversial examines the issues. best-selling book, The Rise and Fall of the Great Powers, to evaluate American power in a fractured world. 11 Shaping the Middle East Fred Halliday sets out the But it is not just people that travel, or migrate. Mary Morgan and Jon Adams five themes he believes write about the multi-disciplinary team working to investigate how well should govern future study ‘facts’ travel. Facts need good companions to travel well, they argue – they of the region at LSE. need labels, packages, vehicles and good associates: ‘Rather than being preoccupied with what a fact is, or how facts are produced, or whether any 13 Josef Ackermann particular facts are true, this project asks what happens to facts, and what Claire Sanders introduces roles facts play, when they travel.’ Deutsche Bank’s CEO, For the alumni who travelled to the Asia Forum in Singapore earlier this year currently a visiting professor to discuss the politics of knowledge, there is an account of the Forum from in the Department of Finance. 16 an alumnus who enjoyed the debate – and humour – of the occasion. 14 How well do And finally, in keeping with our theme of travel and change, the previous editor ‘facts’ travel? of LSE Magazine, Judith Higgin, has left after nearly a decade of wonderful Mary Morgan and Jon service to LSE to travel the world. Adams discuss what happens In June of last year a new External Relations Division was set up under Robin to ‘facts’ and what roles they Hoggard to increase the profile, impact and influence of LSE. play as they make their way 14 As new head of communications and editor of LSE Magazine I look forward around the different groups to taking this work forward. who use them. Claire Sanders 16 LSE Asia Forum Regulars The politics of knowledge was the theme of the 4 Headline news LSE Magazine online School’s fourth Asia Forum, LSE Magazine is available online 20 held in Singapore in April. 22 Rodent’s Rambles at www.lse.ac.uk/lsemagazine. 19 Who rules the 26 Supporting LSE The link enables readers to have money markets? an electronic archive of features as Is international regulation 28 Letters well as quick links to alumni news, keeping pace with today’s groups and events, plus advertising 29 LSE news financial markets?Howard and contact information. Davies recommends 33 Research news an overhaul. 35 Alumni news, reunions 20 From Moll to modernity 38 Alumni groups Nicola Lacey explains what LSE Magazine is published twice a year by the Press and Information Office at the London School of Economics and Political Science, Houghton Street, London WC2A 2AE. Tel: +44 (0)20 7955 7060. Fax: +44 (0)20 7852 3658. Email: connects a book by an 18th 41 Where are they now? [email protected] century novelist with research Commissioning Editor Claire Sanders Production Editor Fiona Whiteman into the development of ideas 44 Obituaries Alumni News Editor Nat Holtham Art and Design Editor Claire Harrison of criminal responsibility. Assistant Art and Design Editor Ailsa Drake 46 Books Photography (unless stated) Nigel Stead Editorial Assistants Esther Avery, Deirdre French, Toni Sym 23 Generating business Printed by: Warners Student Lindsey Hall Published by The London School of Economics and Political Science (‘LSE’), Houghton Street, London WC2A 2AE. LSE is a School of the University of London. It is a Charity and is incorporated in England as a company limited by guarantee under the Companies Acts interviews two enterprising (Reg number 70527). Copyright in editorial matter and in the Magazine as a whole belongs to LSE ©2008. Copyright in individual articles belongs to the young alumni about their new authors who have asserted their moral rights ©2008. LSE-inspired business, G2G. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior permission in writing of the publisher, nor be issued to the public or circulated in any form of binding or cover other than that in which it is published. 24 54 Lincoln’s Inn Fields Requests for permission to reproduce any article or part of the Magazine should be sent to the editor at the above address. In the interests of providing a free flow of debate, views expressed in this Magazine are not necessarily those of the editor, LSE Following worldwide alumni or LSE. support, LSE’s new Although every effort is made to ensure the accuracy and reliability of material published in this Magazine, LSE accepts no responsibility for the veracity of claims or accuracy of information provided by contributors. academic building is set Freedom of thought and expression is essential to the pursuit, advancement and dissemination of knowledge. LSE seeks to ensure that intellectual freedom and freedom of expression within the law is secured for all our members and those we invite to the School. to open later this year. Printed on recycled paper 29 Headline news New Grantham Institute on climate change established last year also with a donation of £12 million from the Grantham Foundation. It will also act as an umbrella body 1 for LSE’s contribution to climate change and environment. This will include the work of the Centre for Climate Change Economics and Policy, established at LSE 1 this year with £5 million over five years from the Economic and Social Research Council (ESRC). The ESRC Centre is a partnership between Leeds University and LSE, managed by Professor Judith In April, LSE received over The Institute will be chaired by Rees and Dr Andy Gouldson. £12 million from philanthropists Lord Stern of Brentford, author of Read more on page 29. Jeremy and Hannelore Grantham the 2006 Stern Review, and will to establish the Grantham work closely with the Grantham Pictured left to right: Jeremy Grantham, Research Institute on Climate Institute for Climate Change Judith Rees, Howard Davies, Lord Stern Change and the Environment. at Imperial College, London, and Hannelore Grantham Professor Chen Jian foreign affairs ties in clearly with the centre’s aims to further the study of of US China Relations at Cornell international politics and diplomacy University and a distinguished in East Asia. It also reflects the 4 research scholar, writer and teacher. centre’s preoccupation with the He is author of Mao’s China and past, present and future of Sino- the Cold War and China’s Road to American relations; one of the key the Korean War: the making of the relationships shaping today’s world.’ Sino-American confrontation, which The position is made possible by a is regarded as a modern classic, and private donation to the School and shared honours for the 2005 Emmy Professor Chen will be the second Award for Outstanding Achievement holder of the post. Professor in News and Documentary Research Paul Kennedy, J Richardson Professor Chen Jian will take up the for Declassifed: Nixon in China. Dilworth Professor of History at Philippe Roman Chair in History and Professor Arne Westad, co-director Yale University, is the inaugural International Affairs at the School for of LSE IDEAS, where the chair is chair holder for the academic year 2008-09. based, said: ‘We are delighted that 2007-08. (See Paul Kennedy’s Professor Chen is currently the Professor Chen will be taking up article page 6.) Michael J Zak Chair of the History the position for the next academic year. His expertise in Chinese LSE Asia Forum – Singapore 2008 6 LSE hosted its fourth Asia from those adopted in the US and leaders and LSE alumni from Asia Forum in Singapore in April with Europe – were discussed in depth. and beyond. It was the latest in a Singapore’s prime minister Lee The Forum brought together series of high profile conferences organised by LSE in Asia over Hsien Loong (pictured) delivering more than 500 business leaders, recent years.