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Finance Fictions - Realism and Psychosis in a Time of Economic Crisis (Paperback)
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Finance Fictions - Realism and Psychosis in a Time of Economic Crisis (Paperback)
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Finance Fictions takes the measure of what it means to live in a
world ruled by high finance by examining the tension between
psychosis and realism that plays out in the contemporary finance
novel. When the things traded at the center of the economy cease to
be things at all, but highly abstracted speculations, how do we
come to see the real? What sorts of narrative can accurately
approach the actual workings of a neoliberal economy marked by
accelerating cycles of market crashes, economic and political
crisis, and austerity? Revisiting such twentieth-century classics
of the genre as Tom Wolfe's Bonfire of the Vanities and Bret Easton
Ellis's American Psycho, De Boever argues that the twenty-first
century is witnessing the birth of a new kind of realistic novel
that can make sense of complex financial instruments like
collateralized debt obligations, credit default swaps, and digital
algorithms operating at speeds faster than what human beings or
computers can record. If in 1989 Wolfe could still urge novelists
to work harder to "tame the billion-footed beast of reality,"
today's economic reality confronts us with a difference that is
qualitative rather than quantitative: a new financial ontology
requiring new modes of thinking and writing. Mobilizing the
philosophical thought of Quentin Meillassoux in the close reading
of finance novels by Robert Harris, Michel Houellebecq, Ben Lerner
and less well-known works of conceptual writing such as Mathew
Timmons' Credit, Finance Fictions argues that realism is in for a
speculative update if it wants to take on the contemporary
economy-an "if" whose implications turn out to be deeply political.
Part literary study and part philosophical inquiry, Finance
Fictions seeks to contribute to a new mindset for creative and
critical work on finance in the twenty-first century.
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