Responding to the trauma of the current global financial crisis,
this book brings together an eclectic group of psychoanalysts,
philosophers, cultural theorists and historians to debate the links
between psychology, money and economic crashes. It issues a double
challenge - to economists who define economic behaviour as
necessarily rational and self-interested, while relegating other
models of monetary thought to psychopathology; and to
psychoanalysts who find it hard to confront the economics of their
own profession as a business, while neuroticising and biologising
any economic behaviour that exceeds their own unspoken yardstick of
'commonsensical' financial self-interest. Contributors to this book
investigate issues as diverse as: the century-old divorce between
psychological and economic explanations of human behaviour and
current efforts to repair it; the gender-politics, ethics and
psychology of economists' attempts to explain today's rolling
crisis in money markets; psychoanalytic theories of financial
investment, risk and the 'jouissance' of devastating loss; the rise
and cataclysmic fall of Bernie Madoff's Ponzi scheme; the
squandering of fortunes on rubbishy art in times of financial
crisis; the attraction of Deleuzian speculation versus Freudian
investment; the nexus between political economy and libidinal
economy; the mystifying effects of treating 'the market' as a
subject capable of 'speaking', 'reacting' and 'punishing'; and the
fate of desire in postmodern, hyper-commoditised culture.
Contributors: David Bennett, Geoff Boucher, Claire Colebrook, Paul
Crosthwaite, Karl Figlio, Bruce Fink, Stephen Frosh, Jean-Joseph
Goux, Campbell Jones, Viktor Mazin, Manya Steinkoler, Matthew
Sharpe, Bernard Stiegler and Tan Waelchli. A number of the essays
in this book are based on contributions to the conference on
Psychoanalysis, Money and the Economy hosted by the Freud Museum at
Birkbeck College, University of London, in 2010, which were
subsequently collected in new formations 72. David Bennett is
Honorary Principal Fellow and Associate Professor in the School of
Culture and Communication at the University of Melbourne and a
Fellow in the Centre for Psychoanalytic Studies at the University
of Essex. His books include Multicultural States: Rethinking
Difference and Identity (1998 and 2002); and the forthcoming The
Currency of Desire: Essays in Libidinal Economy, Psychoanalysis and
Sexual Revolution (2013).
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