Description
Book SynopsisDrawing on ethnographic fieldwork and his experience trading derivatives, Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, mentalities, and belief systems that drive them.
Trade Review"[A] concise and unique point of view of the role of derivatives and their potential negative impact on our society.... LiPuma provides a necessary and important look at the obscure but consequential role of financial derivatives in the global economy.Highly recommended. Upper-division undergraduates through professionals." -- R. M. Ramazani * Choice *
"Extremely interesting in terms of opening new windows to the financial landscape." -- Ehsan Lor Afshar * Anthropology Book Forum *
Table of ContentsAcknowledgments ix
Prefacing a Theory of the Derivative 1
1. Originating the Derivative 27
2. Social Theory and the Market for the Production of Financial Knowledge 81
3. Outline of a Social Theory of Finance 116
4. Temporality and the Financial Markets 144
5. Theorizing the Financial Markets Socially 170
6. Rituality and the Production of Financial Markets 199
7. The Specualtive Ethos 229
8. The Social Habitus of Financial Work 267
9. The Social Dimensions of Black-Scholes 304
10. Derivatives and Wealth 336
Notes 355
References 389
Index 399
