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Scandals and Abstraction - Financial Fiction of the Long 1980s (Hardcover)
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Scandals and Abstraction - Financial Fiction of the Long 1980s (Hardcover)
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The greed, excess, and decadence of the long 1980s has been
famously chronicled, critiqued, and satirized in epochal works like
White Noise by Don DeLillo, American Psycho by Bret Easton Ellis,
and Tom Wolfe's The Bonfire of the Vanities. Leigh Claire La Berge
offers an in-depth study of these fictions alongside the key
moments of financial history that inform them, contending that
throughout the 1980s, novelists, journalists, and filmmakers began
to reimagine the capitalist economy as one that was newly personal,
masculine, and anxiety producing. The study's first half links the
linguistic to the technological by exploring the arrival of ATMs
and their ubiquity in postmodern American literature. In
transformative readings of novels such as White Noise and American
Psycho, La Berge traces how the ATM serves as a symbol of anxious
isolation and the erosion of interpersonal communication. A
subsequent chapter on Ellis' novel and Jane Smiley's Good Faith
explores how male protagonists in each develop unique associations
between money and masculinity. The second half of the monograph
features chapters that attend to works-most notably Oliver Stone's
Wall Street and Wolfe's The Bonfire of the Vanities-that capture
aspects of the arrogance and recklessness that led to the
savings-and-loan crisis and the 1987 stock market crash. Concluding
with a coda on the recent Occupy Wall Street Movement and four
short stories written in its wake, Scandals and Abstraction
demonstrates how economic forces continue to remain a powerful
presence in today's fiction.
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