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Virtue, Fortune, and Faith - A Genealogy of Finance (Paperback, Little Gldn Tre)
Loot Price: R616
Discovery Miles 6 160
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Virtue, Fortune, and Faith - A Genealogy of Finance (Paperback, Little Gldn Tre)
Series: Barrows Lectures
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Total price: R636
Discovery Miles: 6 360
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Less than two centuries ago finance - today viewed as the center of
economic necessity and epitome of scientific respectability - stood
condemned as disreputable fraud. How this change in status came
about, and what it reveals about the nature of finance, is the
story told in Virtue, Fortune, and Faith. A unique cultural history
of modern financial markets from the early eighteenth century to
the present day, the book offers a genealogical reading of the
historical insecurities, debates, and controversies that had to be
purged from nascent credit practices in order to produce the image
of today's coherent and - largely - rational global financial
sphere. Marieke de Goede discusses moral, religious, and political
transformations that have slowly naturalized the domain of finance.
Using a deft integration of feminist and poststructuralist
approaches, her book demonstrates that finance - not just its rules
of personal engagement, but also its statistics, formulas,
instruments, and institutions - is a profoundly cultural and
politically contingent practice. When closely examined, the history
of finance is one of colonial conquest, sexual imagination,
constructions of time, and discourses of legitimate (or
illegitimate) profit making. Regardless, this history has had a
far-reaching impact on the development of the modern international
financial institutions that act as the stewards of the world's
economic resources. De Goede explores the political contestations
over ideas of time and money; the gendered discourse of credit and
credibility; differences among gambling, finance, and speculation;
debates over the proper definition of the free market; the meaning
of financial crisis; and themorality of speculation. In an era when
financial practices are pronounced too specialized for broad-based
public, democratic debate, Virtue, Fortune, and Faith questions
assumptions about international finance's unchallenged position and
effectively exposes its ambiguous scientific authority.
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