Tag Archives: social studies of finance

Financial economics, or “Would you please elaborate on ‘then something bad happened’?”

“Would you please elaborate on ‘then something bad happened’?” Advertisements

Posted in Theory in Pictures | Tagged , , , , | Leave a comment

James Tobin on ‘paper economy’ and short-sighted speculation-generating financial instruments

Nobel laureate in Economic Sciences James Tobin at the conclusions in his (open access) “On the Efficiency of the Financial System” paper: “We are throwing more and more of our resources, including the cream of our youth, into financial activities remote … Continue reading

Posted in Papers | Tagged , , , , , | Leave a comment

‘Performativity thesis’: Accounting’s mediating role in bringing theoretical statements from economics into life

An interesting “The ‘performativity thesis’ and its critics: Towards a relational ontology of management accounting” by Ed Vosselman, explores accounting’s mediating role in bringing theoretical statements from economics into life. The paper addresses the so-called performativity thesis that claims that economic … Continue reading

Posted in Papers | Tagged , , , | Leave a comment

“Classification Situations: Life-chances in the Neoliberal Era” proposes to revisit class analysis through the prism of techno-social changes represented by the advent of market devices

A very interesting research “Classification Situations: Life-chances in the Neoliberal Era” by Marion Fourcade & Kieran Healy examines the stratifying effects of economic classifications. They argue that in the neoliberal era market institutions increasingly use actuarial techniques to split and … Continue reading

Posted in Papers | Tagged , , , , , , | Leave a comment

“Seeing, Knowing, and Regulating Financial Markets: Moving the Cognitive Framework from the Economic to the Social”

This (open access) interesing and comprehensive paper by Julia Black (LSE), argues that in order to regulate financial markets, we need a more sophisticated and realistic cognitive framework through which to analyse markets’ dynamics and on which to base their ‪regulation‬. To that … Continue reading

Posted in Papers | Tagged , , , , , , , , , , , | Leave a comment

“Insurgent Capitalism: Island, Bricolage and the Re-making of Finance” by Donald MacKenzie & Juan Pablo Pardo-Guerra

Drawing on recent discussions of the material cultures of markets and of financial innovation as bricolage, this paper explores the development of Island, a new share trading venue set up in 1995. The paper examines Island’s roots in a very specific conflict … Continue reading

Posted in Papers | Tagged , , , | Leave a comment

Codes of Finance: Engineering Derivatives in a Global Bank

Codes of Finance is an unusual, provocative, and compelling account of today’s structured financial products. The financial industry’s invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. … Continue reading

Posted in Books | Tagged , , , , , | Leave a comment