The social life of financial derivatives : markets, risk, and time / Edward LiPuma.

Format:

Book

Author/Creator:

LiPuma, Edward, 1951- author.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Derivative securities--Social aspects.

Derivative securities.

Derivative securities--Political aspects.

Financial services industry--Risk management.

Financial services industry.

Markets--Mathematical models.

Markets.

Physical Description:

1 online resource (416 pages) : illustrations

Place of Publication:

Durham : Duke University Press, 2017.

Summary:

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.

Contents:

Originating the derivative

Social theory and the market for the production of financial knowledge

Outline of a social theory of finance

Temporality and the financial markets

Theorizing the financial markets socially

Rituality and the production of financial markets

The speculative ethos

The social habitus of financial work

The social dimensions of Black-Scholes

Derivatives and wealth.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9780822372837

0822372835

OCLC:

1148091284