Filed under book | Tags: · economics, economy, finance, market, market economy, psychology, sociology, speculation
Spectacular Speculation is a history and sociological analysis of the semantics of speculation from 1870 to 1930, when speculation began to assume enormous importance in popular culture. Informed by the work of Luhmann, Foucault, Simmel and Deleuze, it looks at how speculation was translated into popular knowledge and charts the discursive struggles of making speculation a legitimate economic practice. Noting that the vocabulary available to discuss the concept was not properly economic, the book reveals the underside of putting it into words. Speculation’s success depended upon non-economic language and morally questionable thrills: a proximity to the wasteful practice of gambling or other “degenerate” behaviors, the experience of financial markets as seductive, or out of control. American discourses of speculation take center stage, and the book covers an unusual range of material, including stock exchange guidebooks, ticker tape, moral treatises, plays, advertisements, and newspapers.
Originally published in German as Spektakuläre Spekulation: Das Populäre der Ökonomie, Suhrkamp Verlag, Frankfurt am Main, 2007
Translated by Eric Savoth
Publisher Stanford University Press, 2013
ISBN 0804788251, 9780804788250
Filed under book | Tags: · art, economy, fashion, finance, market, sociology, value
How do we place value on goods – and, importantly, why? Valuation and pricing are core issues in the market economy, but understanding of these concepts and their interrelation is weak. In response, The Worth of Goods takes a sociological approach to the perennial but timely question of what makes a product valuable.
Structured in three parts, it first examines value in the broader sense – moral values and how they are formed, and the relations between economic and non-economic values – discussing such matters as the value of an oil spill, the price of a scientific paper, value in ethical consumption, and imaginative value. The second part discusses the issues surrounding valuation in aesthetic markets, specifically wine, fashion models, art, and the creative industries. The third part analyzes valuation in financial markets – credit rating agencies, stock exchange markets, and industrial production.
This pioneering volume brings together leading social scientists to provide a range of theoretical tools and case studies for understanding price and the creation of value in markets within social and cultural contexts and preconditions. It is an important source for scholars in economics, sociology, anthropology, and political science interested in how markets work, and how value is established.
- Interdisciplinary contributions from sociology, economics, political science, and marketing
- Presents empirical studies of both financial and some unusual markets – wine, art, fashion
- Pioneering work at intersection of sociology, economics, and marketing
- Chapters by leading international scholars in economic sociology
- Revisits both established theories of value and current thinking
Publisher Oxford University Press, 2011
ISBN 0199594643, 9780199594641
Filed under pamphlet | Tags: · activism, democracy, economy, financial crisis, politics, protest, resistance
This controversial, impassioned call-to-arms for a return to the ideals that fueled the French Resistance has sold millions of copies worldwide since its publication in France in October 2010. Rejecting the dictatorship of world financial markets and defending the social values of modern democracy, 93-old Stéphane Hessel — Resistance leader, concentration camp survivor, and former UN speechwriter — reminds us that life and liberty must still be fought for, and urges us to reclaim those essential rights we have permitted our governments to erode since the end of World War II.
Publisher Indigène éditions, Montpellier, October 2010
Translated by Damion Searls
Publisher Published by Charles Glass Books, an imprint of Quartet Books
ISBN 0704372223, 9780704372221
commentary (Charles Glass, The Nation)
Indignez-vous! (French, 6th edition, December 2010, PDF)
Time for Outrage! (English, 2011, EPUB)
Time for Outrage! (English, published in The Nation, March 2011, PDF)
Empört Euch! (German, trans. Michael Kogon, 2011, PDF)
Empört Euch! (German, trans. Michael Kogon, 2011, EPUB)
Indignatevi! (Italian, Scribd.com, February 2011)
Indignai-vos! (Portuguese, trans. Marly Peres, 2011, PDF)
Indignádevos (Galician, trans. Henrique Harguindey, 2011, Scribd.com)
Filed under book | Tags: · biography, economy, history, journalism, management, politics, technology
Regarded as the most influential and widely read thinker on modern organizations and their management, Peter Drucker has also established himself as an unorthodox and independent analyst of politics, the economy, and society. Adventures of a Bystander is Drucker’s rich collection of autobiographical stories and vignettes, in which this legendary figure paints a portrait of his remarkable life, and of the larger historical realities of his time.
In a style that is both unique and engaging, Drucker conveys his life story – from his early teen years in Vienna through the interwar years in Europe, the New Deal era, World War II, and the postwar period in America-through intimate profiles of a host of fascinating people he’s known through the years. Their personal histories are, as Drucker tells us, the beads for which his own life serves as the string.
An amazing pageant of characters, both famous and otherwise, springs from these pages, illuminating and defining one of the most tumultuous periods in world history. Along with bankers and courtesans, artists, aristocrats, prophets, and empire-builders, we meet members of Drucker’s own family and close circle of friends, among them such prominent figures as Sigmund Freud, Henry Luce, Alfred Sloan, John Lewis, Buckminster Fuller, and Marshall McLuhan.
A brief encounter with Freud becomes the catalyst for an absorbing, multidimensional description of the economics, politics, and social psychology of pre-World War II Europe. Drucker introduces us to Fritz Kraemer, a brilliant, monocle-wearing eccentric who became an influential mentor to the young Henry Kissinger. His personal memoir of Henry Luce documents the development of modern journalism, while in “The Indian Summer of Innocence,” he rescues and preserves the very heart of the American experience during the last New Deal years before World War II.
Originally published in 1978 by Harper & Row, Publishers
Publisher Transaction Publishers, 1994
ISBN 1412814103, 9781412814102
commentary (Michael Hohl)
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Filed under newspaper | Tags: · art, artistic research, code, design, economy, education, media art, net art, software
“In referring to the cancellation of Pluto’s planetary status in 2006, BWPWAP (Back When Pluto Was a Planet) – the 2013 edition of the transmediale festival – interrogates techno-cultural processes of displacement and invention, and asks for artistic and speculative responses to new cultural imaginaries. In light of this, the conference and workshop Researching BWPWAP took place in November 2012 in Lüneburg, Germany, organised jointly by Leuphana University of Lüneburg, Aarhus University and the reSource transmedial culture/transmediale. The call for participation focused on Ph.D. researchers and other participants to speculate on BWPWAP as a pretext for presenting their research and even to further reflect on its circulation as a meme.
This newspaper presents some outcomes of this process, and like the conference and workshop, can be interpreted in the context of a research culture that has been significantly destabilized by network culture and digital media. If the planet Pluto didn’t exactly fall prey to an epistemological break or a scientific revolution, but rather to a mundane administrative procedure – a redefinition of what constitutes a planet – then what does this say about contemporary research culture? Certainly, much research culture has shared Pluto’s fate: conferences reduced to networking events to foster cultural capital, and scholarly communications reduced to impact factors measured by grant givers. In other words, research is not just about measuring the performativity of a single researcher (the peer-reviewed journal system), but also the processes of questioning, investigating, speculating, and sharing between peers in a broader sense.” (from the Editorial)
Peer-reviewed newspaper, Volume 2, Issue 1, February 2013
Edited by Christian Ulrik Andersen and Geoff Cox
Publisher Digital Aesthetics Research Center, Aarhus University, in collaboration with reSource transmedial culture Berlin/transmediale
Creative Commons Attribution-NonCommercial-ShareAlike license
Filed under book | Tags: · business, corporatism, corruption, economy, egali, financial crisis, meritocracy, oligarchy, politics, power, united states
A powerful and original argument that traces the roots of our present crisis of authority to an unlikely source: the meritocracy.
Over the past decade, Americans watched in bafflement and rage as one institution after another – from Wall Street to Congress, the Catholic Church to corporate America, even Major League Baseball – imploded under the weight of corruption and incompetence. In the wake of the Fail Decade, Americans have historically low levels of trust in their institutions; the social contract between ordinary citizens and elites lies in tatters.
How did we get here? With Twilight of the Elites, Christopher Hayes offers a radically novel answer. Since the 1960s, as the meritocracy elevated a more diverse group of men and women into power, they learned to embrace the accelerating inequality that had placed them near the very top. Their ascension heightened social distance and spawned a new American elite–one more prone to failure and corruption than any that came before it.
Mixing deft political analysis, timely social commentary, and deep historical understanding, Twilight of the Elites describes how the society we have come to inhabit – utterly forgiving at the top and relentlessly punitive at the bottom – produces leaders who are out of touch with the people they have been trusted to govern. Hayes argues that the public’s failure to trust the federal government, corporate America, and the media has led to a crisis of authority that threatens to engulf not just our politics but our day-to-day lives.
Upending well-worn ideological and partisan categories, Hayes entirely reorients our perspective on our times. Twilight of the Elites is the defining work of social criticism for the post-bailout age.
Publisher Crown Publishers, a division of Random House, New York, June 2012
ISBN 0307720470, 9780307720474
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Filed under book | Tags: · capitalism, economy, marxism, political economy, politics, proletariat, socialism, theory, yugoslavia
In this important book Branko Horvat advances a type of Yugoslav Marxism referred to by many as Yugoslav ‘Praxis’ Marxism, a name adopted from the journal Praxis that promoted a humanist style of socialist thought from the mid-1960s to the mid-1970s. For years, Horvat has been directly associated with many of the authors who originally founded this journal, and his work illustrates his indebtedness to them.
Originally published as The Political Economy of Socialism, New York, 1982
Translated by Dubravko Mihaljek and Mia Miki
Publisher ČGP Delo, Globus, Izdavačka djelatnost, Zagreb
via Ignorant Schoolmaster and His Committees