Susan Strange
Susan Strange
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Susan Strange

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Susan Strange

Susan Strange (9 June 1923 – 25 October 1998) was a British political economist, author, and journalist who was a pioneer of international political economy (IPE). Notable publications include Sterling and British Policy (1971), Casino Capitalism (1986), States and Markets (1988), The Retreat of the State (1996), and Mad Money (1998). She helped create the British International Studies Association (BISA). She was the first woman to hold the Montague Burton Professor of International Relations at the London School of Economics (LSE), the first female academic to have a professorship named after her at the LSE, and was honoured with several annual awards named after her.

Susan Strange was born on 9 June 1923 in Langton Matravers, in the county of Dorset, the daughter of English aviator Louis Strange. She went to the Royal High School, Bath, and to the University of Caen in France, and graduated with a bachelor's degree in economics from the LSE during the Second World War. Like Robert W. Cox, the other founder of British IPE, she never obtained a PhD.

Strange earned a first in economics at the LSE in 1943. She raised six children and worked as a financial journalist for The Economist and then The Observer until 1957. At The Observer, she became the youngest White House correspondent of her time. She began lecturing on International Politics at the University College London in 1949.

In 1964, Strange became a full-time researcher at Chatham House (formally the Royal Institute of International Affairs). At Chatham House, she authored Sterling and British Policy (1971). She set up an influential research group on IPE at Chatham House in 1971. She played a role in the establishing of the journal Review of International Political Economy, which is the leading journal dedicated to IPE.

From 1978 to 1988, Strange served as the Montague Burton Professor of International Relations at LSE, and was the first woman at LSE to hold this chair and professorship. At the LSE, she built Britain's first graduate program in IPE. While at LSE, she held Visiting Professorships at the Brookings Institution, the University of Minnesota, the University of California, Columbia University, and the Bologna Center of Johns Hopkins University’s School of Advanced International Studies.

Strange served as professor of international political economy at the European University Institute in Florence, Italy, from 1989 to 1993. Strange's final academic post, which she held from 1993 until her death in 1998, was as chair of International Relations and professor of IPE at the University of Warwick, where she built up the graduate programme in IPE. She also taught in Japan, where between 1993 and 1996 she was several times guest lecturer at Aoyama Gakuin University in Tokyo.

Strange was a major figure in the professional associations in both Britain and the United States. She was an instrumental founding member and the first treasurer of the BISA, and served as the third female president of the International Studies Association (ISA) in 1995. Her only autobiographical essay, "I Never Meant to Be an Academic", was republished online in 2020 and includes stories from her early life to the 1970s.

Strange was an influential thinker on global affairs. She played a central role in developing IPE as a field of study, and is a key figure in political economy approaches to security studies. Her 1970 article, "International Economics and International Relations: A Case of Mutual Neglect", laid out her arguments for the need of a discipline of IPE. Strange argued that power was central to international political economy. She observed that in general "economists simply do not understand how the global political economy works" due to a poor understanding of power and an over-reliance on abstract economic models; however, she added that political scientists also have a woeful understanding of how the world works due to their emphasis on institutions and power. Thus she became one of the earliest campaigners advocating the necessity of studying both politics and economics for international relations scholars. She influenced scholars such as Robert Gilpin. She was a critic of regime theory, arguing that the scholarship on regimes was too state-centric and carried a hidden bias in favor of maintaining US hegemony.

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