[Marxism] Cultures of Finance Summer Institute: The Wealth of Society: A Politics For Derivatives

Sean Andrews cultstud76 at gmail.com
Tue Feb 12 10:53:20 MST 2013

I don't know exactly what they will be doing, but LiPuma and Lee's book on
Derivatives is pretty smart and very concrete. It is not a screed by any
means and I confess I learned a great deal about how they work (and why
they are necessary). Not as good as Bryan and Rafferty, but still.

Martin is a wild card, but has several solid books on financialization and
risk; and Bob Miester is no slouch.


Appadurai is my only concern - I've never quite understood why he's seen as
so insightful - definitely a primary candidate for wallowing in a fantasy

In any case I wouldn't call all anthropologists and sociologists
"bourgeois" per se. A lot can be gleaned from ethnographic research and
there are plenty of radical sociologists out there. And while the course
has a narrow focus (derivatives seem central) that is how a complex social
totality must be approached: abstracted piece by piece and then brought
back into conversation with the whole.

Thanks for pointing it out.


On Tue, Feb 12, 2013 at 11:21 AM, Andrew Pollack <acpollack2 at gmail.com>wrote:

> ======================================================================
> Rule #1: YOU MUST clip all extraneous text when replying to a message.
> ======================================================================
> This came up on the Strike Debt list.
> Take a look through the description here:
> http://ipk.nyu.edu/news/34-cof-summer-institute
> Now one of two things is happening here:
> 1) As they previously did with the concept of debt, some
> postmodernist/semi-Marxist scholars are now fetishizing derivatives'
> importance and power, and, by applying bourgeois sociological and
> anthropological theories to them, are wallowing in the fantasy world
> of these financial tools which they themselves began to critique.
> or
> 2) By astutely critiquing derivatives in all their economic, social
> and cultural manifestations, they are helping free us from their
> ideological grip and setting us free to destroy them and the banks
> behind them.
> or
> 3) A combination of 1 and 2.
> My cynical reading leans toward 1.
> Others?
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