Resocializing Finance? Or Dressing It in Mufti

Calculating Alternatives for Cultural Economies

Bibliographic Data

ID2182053
AuthorsB Maurer (0000-0001-5339-9893, Moscow State University of Technologies and Management named after K.G. Razumovskiy, corresponding author)
Year2008
Volume1
Issue1
Pages65-78
Publication date2008-03-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Cultural Economy (JOURNAL)
Journal identifiersISSN: 1753-0350 • E-ISSN: 1753-0369
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/17530350801913668
OpenAlexW1595669571
LanguageEN
Citations received32
References cited23

Critical accounts of the financialization of the world economy decry the depersonalization and abstraction effected by finance in the service of extraction, expropriation and dispossession. Analysts and activists alike seek to re-socialize finance so that those whose interests it serves can be identified and so that new, socially embedded forms of exchange can emerge. They also seek to re-ground finance in a ‘real’, presumably material and social, fabric so that its excesses can be tamed and the sources of value made apparent. My essay questions these paired critiques and their supposed aims. It will argue that the continual attempt to reassert the social in economy points to a limit to the critical imagination, and that the critique of calculative rationality misses some of the other functions and practical effects of numbers besides commensuration and abstraction

Abstraction · Economics · Economy · Epistemology · Expropriation · Financialization · Market economy · Neoclassical economics · Rationality · Sociology · Value (mathematics · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Philosophy · Political Economy and Marxism · Finance

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