Derivatives and the Wealth of Societies
| Author | : | |
| Rating | : | 4.16 (656 Votes) |
| Asin | : | B01LZ5XH74 |
| Format Type | : | |
| Number of Pages | : | 324 Pages |
| Publish Date | : | 2015-05-07 |
| Language | : | English |
DESCRIPTION:
Lee and Martin make an important contribution tracing the history of derivatives, how they work, and why they are important beyond technical finance.”. “Derivatives have been a transformative financial innovation but have multiplied risks and complexities
However, they are likewise capable of generating some of the most incredible wealth we have ever seen. First, they develop a social understanding of the derivative that casts it in the light of anthropological concepts such as the gift, ritual, play, dividuality, and performativity. In doing so, they construct a necessary, renewed vision of derivative finance as a deeply embedded aspect not just of our economics but our culture.. This book asks how we might ensure the latter while avoiding the former. Looking past the usual arguments for the regulation or abolition of derivative finance, it asks a more probing question: what kinds of social institutions and policies would we need to put in place to both avail ourselves of the derivative’s wealth production and make sure that production benefits all of us? To answer that question, the contributors to this book draw upon their deep backgrounds in finance, social science, art, and the humanities to create a new way of understanding derivative finance that does justice to its social and cultural dimensions. They offer a two-pronged analysis. Second, they develop a derivative understanding of the social, us
"The Most Important Book About Finance You Can Read" according to Donald F. Dal Maso. Revolutions begin within the pages of a book. THIS extraordinary volume of essays about the inner workings of Finance openly proposes a profound revolution—among other things, one that will encourage the creation of “socialized individuals” rather than predatory individuals.No, this book is not remotely about classical socialism (although Marx is mentioned in passing) or any particular political movement. It is instead a superb explanatory project, giving every reader the opportunity to understand new knowledge with the possibilit