The social life of financial derivatives
Subtitle: markets, risk, and time
By: Edward LiPuma
Publisher: Duke University Press
Published: 2017
Language: eng
Number of pages: 403
ISBN-13: 9780822369561; 9780822369714
Copyright date: 2017
Subjects: Political aspects; Financial services industry; Social aspects; Mathematical models; Derivative securities; Risk management; Global Financial Crisis, 2008-2009; Markets
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. --
Notes: Includes bibliographical references and index.
Table of contents: title: Originating the derivative; title: Social theory and the market for the production of financial knowledge; title: Outline of a social theory of finance; title: Temporality and the financial markets; title: Theorizing the financial markets socially; title: Rituality and the production of financial markets; title: The speculative ethos; title: The social habitus of financial work; title: The social dimensions of Black-Scholes; title: Derivatives and wealth.