EconoFiction

THE SPECULATIVE CAPITAL (3)

29 Jul , 2019  

Nothing exemplifies the constitution of the market and motivations today more than speculation. The drive to permanently generate this type of derivative bet, which has marked the Euro-American financial markets since the 1970s, would never have been able to circulate in these vast dimensions unless there was a specific derivative framework: ...

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EconoFiction

THE SPECULATIVE CAPITAL (2)

28 Jul , 2019  

LiPuma examines in a further section the various institutions of speculative capital. The first area is commercial and investment banks speculating on the derivatives markets. These companies have in-house hedge funds that speculate on corporate capital, that is, shareholder capital, using leveraged strategies to increase shareholder value. Other players include the independent hedge ...

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EconoFiction

THE SPECULATIVE CAPITAL (1)

26 Jul , 2019  

Here we present in three parts a preliminary report to the book The Speculative Capital , which contains the first comprehensive study of a new form of capital that dominates the economies of the 21st century. In this report, we often refer to LiPuma’s book The Social Life of Financial Derivatives: ...

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EconoFiction

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

24 Nov , 2017  

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 kleine Turbulenzen an den Märkten zu einem systematischen Zusammenbruch führen ...

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