Notes on the Book
"Instead of narrative, this book is an exercise in interpretation, what might be read as a critique of the intellectual history of the present, that asks how we are to engage -- think about -- the largest financial crisis in several generations and, by extension, political economy more generally." viii
"What was the grammar through which we thought, and not incidentally constructed, financial markets? Can we already discern the outlines of a new paradigm, or, more precisely, an emergent aesthetics or imagination of markets, and hence of the conduct of financial regulation?" xvii-xviii "We might imagine markets dynamically through the metaphor of games. Like a market, a game is played by, happens among, competitors, actors who struggle against one another, the players in a game, again, like the actors in a market, are autonomous: They decide how they wish to play against one another, or do business, as the case may be. . . . A game is not independent of its rules: the game can only be understood in terms of its rules. The rules shape and inform how the players play even if they do not determine who wins, or by how much. This, too is like a market." 74 |
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Kind Words
"Fascinating, original, and illuminating."
-- Charles Goodhart " . . .not just an exegesis of the recent financial crisis – it is a compelling and entertaining diatribe against some of the sacred cows of finance . . ." -- Frank Partnoy |
Publication Data
Paradigm Publishers 2010
(Routledge) Hardback ISBN: 978-1-59451-726-6 Paperback ISBN: 978-1-59451-727-3 |
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