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Autor(en): 
  • Joseph Vogl
  • The Specter of Capital 
     

    (Buch)
    Dieser Artikel gilt, aufgrund seiner Grösse, beim Versand als 2 Artikel!


    Übersicht

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    Lieferstatus:   i.d.R. innert 14-24 Tagen versandfertig
    Veröffentlichung:  Oktober 2014  
    Genre:  Wirtschaft / Recht 
    ISBN:  9780804789042 
    EAN-Code: 
    9780804789042 
    Verlag:  Stanford University Press 
    Einband:  Gebunden  
    Sprache:  English  
    Serie:  Cultural Memory in the Present  
    Dimensionen:  H 229 mm / B 152 mm / D 0 mm 
    Gewicht:  386 gr 
    Seiten:  168 
    Bewertung: Titel bewerten / Meinung schreiben
    Inhalt:
    In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism-with its bewildering array of new instruments-by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it.

    "The market knows best": this is a secular version of Adam Smith's faith in the market's "invisible hand," his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an "oikodicy," an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financial theory, assisted by mathematical modeling and digital technology, itself operates as a "hidden hand," pushing economic reality into unknown territory. He challenges economic theorists to move beyond the neoclassical paradigm to discern the true contours of the current epoch of financial convulsions.

      
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