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Joseph Vogl The Specter of Capital (Paperback) (US IMPORT)

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Book Title
The Specter of Capital
Title
The Specter of Capital
ISBN-10
0804792925
EAN
9780804792929
ISBN
9780804792929
Release Year
2014
Release Date
22/10/2014
Country/Region of Manufacture
US
Item Length
152mm
Genre
Business & Finance
Series
Cultural Memory in the Present
Publication Year
2014
Type
Textbook
Format
Paperback
Language
English
Publication Name
The Specter of Capital
Item Height
229mm
Author
Joseph Vogl
Publisher
Stanford University Press
Item Width
152mm
Subject
Economics
Item Weight
249g
Number of Pages
168 Pages

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Product Information

In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism-with its bewildering array of new instruments-by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it. The market knows best : this is a secular version of Adam Smith's faith in the market's invisible hand, his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an oikodicy, an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financial theory, assisted by mathematical modeling and digital technology, itself operates as a hidden hand, pushing economic reality into unknown territory. He challenges economic theorists to move beyond the neoclassical paradigm to discern the true contours of the current epoch of financial convulsions.

Product Identifiers

Publisher
Stanford University Press
ISBN-13
9780804792929
eBay Product ID (ePID)
208764235

Product Key Features

Author
Joseph Vogl
Publication Name
The Specter of Capital
Format
Paperback
Language
English
Subject
Economics
Publication Year
2014
Type
Textbook
Number of Pages
168 Pages

Dimensions

Item Height
229mm
Item Width
152mm
Item Weight
249g

Additional Product Features

Title_Author
Joseph Vogl
Series Title
Cultural Memory in the Present
Country/Region of Manufacture
United States

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