abstract risk

CAPITAL IS FINANCE – THE FOUNDATIONS OF A MARXIST FINANCIAL THEORY

The “financial deregulation” since the 1970s has paradoxically in themselves the capacity and increase the demand for regulation, regulatory instruments, and regulatory agencies. The strengthening of market mechanisms at all levels requires a number of public, sub-state, and especially private, […]

CAPITAL IS FINANCE – THE FOUNDATIONS OF A MARXIST FINANCIAL THEORY

Capital and Time. For a New Critique of Neoliberal Reason

  Introduction: Beyond the Critique of Speculation This introductory chapter discusses the shortcomings of the heterodox critique of financial speculation as an irrational divergence from real values. It argues that the capitalist subject speculates not in defiance of fundamental values

Capital and Time. For a New Critique of Neoliberal Reason

The Time of the Contract: Insurance, Contingency and the Arrangement of Risk

Extract: This essay contends that the contractual is a technique for the reinstatement of a specifically capitalist determinism in the midst of uncertain circumstances and in the face of an indefinite future. Taking the indistinction between the time of life

The Time of the Contract: Insurance, Contingency and the Arrangement of Risk

LiPumas “The Social Life of Financial Derivatives” (4)

Das zentrale Argument, das LiPuma in dem Abschnitt über die Temporalität des spekulativen Kapitals herausarbeitet, besagt, dass die Derivatmärkte selbstreferenziell eine zeitliche Progression in Gang setzen, mit der das abstrakte Risiko bis zu einem Level vorangetrieben wird, an dem selbst

LiPumas “The Social Life of Financial Derivatives” (4)

LiPumas “The Social Life of Financial Derivatives” (1)

LiPumas neues Buch The Social Life of Financial Derivatives: Markets, Risk, and Time ist ein wichtiger Text zum Verständnis der gegenwärtigen Kapitalökonomie. Insbesondere die Analyse des spekulativen Kapitals, des abstrakten Risikos und des Sozialen sind für uns von Interesse, weil

LiPumas “The Social Life of Financial Derivatives” (1)

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