The Social Life of Financial Derivatives: Markets, Risk, and Time

The Social Life of Financial Derivatives: Markets, Risk, and Time
ISBN-10
0822372835
ISBN-13
9780822372837
Category
Social Science
Pages
416
Language
English
Published
2017-08-11
Publisher
Duke University Press
Author
Edward LiPuma

Description

In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

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