The Good, the Bad, and the Ugly
Economies of parable
Bibliographic Data
| ID | 19005977 |
|---|---|
| Authors | Randy Martín (corresponding author) |
| Year | 2010 |
| Volume | 24 |
| Issue | 3 |
| Pages | 418-430 |
| Publication date | 2010-05-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Cultural Studies (JOURNAL) |
| Journal identifiers | ISSN: 0950-2386 • E-ISSN: 1466-4348 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/09502381003750377 |
| OpenAlex | W1619089983 |
| Language | EN |
| Citations received | 2 |
| References cited | 8 |
The recent financial crisis has shattered lives and spread misery far and wide. The magnitude of damage has produced the desire for the economic equivalent of a truth and reconciliation commission. Yet the efforts to get the story right have pointed as much to a crisis of narrative, of theory, even of facticity among the standard-bearers of monied matters, public punditry and policy self-justification. If the underlying parables by which the larger trinity of economics, politics, and culture remains undisturbed by cataclysmic events, we should wonder whether systemic shock is sufficient to re-order habits of mind. We could also worry that what is presented as an exceptional circumstance of suffering for some is the business-as-usual experience for so many who are forced to live by the market's vagaries through what are considered to be by its chief beneficiaries, both good times and bad. If there is an opportunity for cultural studies in all of this, it may lie most of all in a refusal of the neat partitions, the intellectual division of labor by which both normal times and aberrant patches are understood. Cultural studies may benefit from a supple rapprochement with the critique of political economy that yields a different account of valuation and exchange. What follows is an effort to think the condition of cultural studies in the aftermath of financial attention beyond parabolic convention. Keywords: financial crisisriskderivativebailout Notes 1. Amy Goodman's Democracy Now show of October 3, 2008 gives a nice flavor of these various currents. Transcript available at: http://www.democracynow.org/2008/10/3/wary_of_public_outcry_revised_800b (accessed February 16, 2009). 2. Global Derivatives Market Now Valued at $1.14 Quadrillion! Jutia Group Thursday, July 24, 2008 http://www.istockanalyst.com/article/viewarticle/articleid/2432853. 3. Excerpt of interview with Greenspan on House of Cards premiered February 16, 2009. Available at: http://www.cnbc.com/id/15840232?video=1029053619&play=1 4. Treasury details key role in Bear Stearns bailout. Agency involved in all aspects of transaction, signed off on Fed move, Greg Robb, MarketWatch, Wall Street Journal, April 2, 2008. Available at: http://www.marketwatch.com/news/story/treasury-forced-detail-extensive-role/story.aspx?guid=%7B79C94AFF-EC37-44AC-A93C-721E276B8495%7D. 5. Report: Most not seeing real wage gains. Employee pay lowest share of GDP [gross domestic product] since 1947, when government started tracking data. Corporate profits highest share of GDP since the 1960s. August 28, 2006. Available at: http://money.cnn.com/2006/08/28/news/economy/real_wages/index.htm
Economics · Financial crisis · Keynesian economics · Law and economics · Narrative · Political economy · Political science · Politics · Sociology · Wonder · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Social Psychology · University Challenges and Reforms
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2019 - 2021 (3) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |