Framing Finance: The Boundaries of Markets and Modern Capitalism

Framing Finance: The Boundaries of Markets and Modern Capitalism

by Alex Preda
     
 

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ISBN-10: 0226679322

ISBN-13: 9780226679327

Pub. Date: 07/01/2009

Publisher: University of Chicago Press

As the banking crisis and its effects on the world economy have made plain, the stock market is of colossal importance to our livelihoods. In Framing Finance, Alex Preda looks at the history of the market to figure out how we arrived at a point where investing is not only commonplace, but critical, as market fluctuations threaten our plans to send our

Overview

As the banking crisis and its effects on the world economy have made plain, the stock market is of colossal importance to our livelihoods. In Framing Finance, Alex Preda looks at the history of the market to figure out how we arrived at a point where investing is not only commonplace, but critical, as market fluctuations threaten our plans to send our children to college or retire comfortably.

As Preda discovers through extensive research, the public was once much more skeptical. For investing to become accepted, a deep-seated prejudice against speculation had to be overcome, and Preda reveals that over the course of the eighteenth and nineteenth centuries groups associated with stock exchanges in New York, London, and Paris managed to redefine finance as a scientific pursuit grounded in observational technology. But Preda also notes that as the financial data in which they trafficked became ever more difficult to understand, charismatic speculators emerged whose manipulations of the market undermined the benefits of widespread investment. And so, Framing Finance ends with an eye on the future, proposing a system of public financial education to counter the irrational elements that still animate the appeal of finance.

Product Details

ISBN-13:
9780226679327
Publisher:
University of Chicago Press
Publication date:
07/01/2009
Edition description:
New Edition
Pages:
328
Product dimensions:
5.90(w) x 8.90(h) x 0.80(d)

Table of Contents

Acknowledgments                                                                                                       

Introduction: Capitalism and the Boundaries of Finance                                     

Chapter 1. The Boundaries of Finance in the Sociological Tradition                               

Chapter 2. Prestige, at Last: The Social Closure of the Stock Exchange            

Chapter 3. Financial Knowledge and the Science of the Market                        

Chapter 4. Close Up: Price Data, Machines, and Organizational Boundaries     

Chapter 5. From Afar: Charts and Their Analysts                                                         

Chapter 6. The Kaleidoscope of Finance: Speculation, Economic Life, and Society  

Chapter 7. On the Dark Side of the Market                                                                 

Chapter 8. Panic!                                                                                                        

Conclusion: Back to the Future                                                                        

References                                                                                                                  

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