Elie Ayaches and Suhail Malik’s heterodox concepts of finance: the frenzy of contingency

13 Jan , 2020  

The heterodox positions of Elie Ayache and Suhail Malik on contemporary finance are often perceived in the haze of accelerationism, although not widely discussed. Let us first turn to the prosition of Suhail Malik. For us, the contingent price movements of the underlying assets/underlyings and the likewise contingent derivative pricing ...

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The football syndrome: speculative business

7 Jan , 2020  

1) Soccer, porn and pop are the cultural industries of today.

2) Clubs, players and coaches are now highly speculative financial investments. The Neymar deal with a redemption of 222 million raises world football to a new dimension. One rather does not want to imagine the number nor can one ...

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Speculative Finance and the Transformation of the Social

14 Sep , 2018  

Are the temporal dimensions of money, debt and finance important? How and why should social scientists engage with these questions? These are the key lines of inquiry that drive my new book The Time of Money.

For many social scientists the answer to these questions is obvious, especially when ...

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17 Mrz , 2018  

In this talk I’d like to introduce my new book Capital and Time: For a New Critique of Neoliberal Reason. I will focus on one of the key themes of the book: the question of speculation.

If there is one thing that unites the different political economy critiques of the ...

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Brian Massumis “On the Revaluation of Value” (2)

13 Mrz , 2018  

Das Problem des Exzesses (das Kapital und sein Potenzial) kehrt zurück, wenn es um den Mehrwert geht bzw. um das Kapital in der Qualität des Geldes. Hier ist der Mehrwert als der Effekt eines sich vermehrenden Umschlags des Kapitals gegenüber dem Wert primär, während der Profit sozusagen die punktuelle numerische ...

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Capital and Time. For a New Critique of Neoliberal Reason

6 Mrz , 2018  


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 but precisely because it has none to fall back on. ...

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A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation

23 Feb , 2018  

If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather by irrational sentiment, “animal spirits” that do not respect fundamental values.

Emphasizing the ...

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