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Books > History > History of specific subjects > Economic history
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Finance and Fictionality in the Early Eighteenth Century - Accounting for Defoe (Hardcover, New)
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Finance and Fictionality in the Early Eighteenth Century - Accounting for Defoe (Hardcover, New)
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In the early eighteenth century, the increasing dependence of
society on financial credit provoked widespread anxiety. The texts
of credit - stock certificates, IOUs, bills of exchange - were
denominated as potential 'fictions', while the potential
fictionality of other texts was measured in terms of the 'credit'
they deserved. Sandra Sherman argues that in this environment
finance is like fiction, employing the same tropes. She goes on to
show how the work of Daniel Defoe epitomised the market's capacity
to unsettle discourse, demanding and evading 'honesty' at the same
time. Defoe's oeuvre, straddling both finance and literature,
theorizes the disturbance of market discourse, elaborating
strategies by which an author can remain in the market,
perpetrating fiction while avoiding responsibility for doing so.
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