Financial Engineering, Not Economic Photography

Clarke, C. J. S.

doi:10.1080/17530350.2012.674964

Cited by 21 publications

(7 citation statements)

References 28 publications

(12 reference statements)

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“…In this paper, I argue that the emerging dialogue between cultural economy and heterodox political economy approaches to money and finance provides a valuable way of addressing this oversight (see, for example, Aitken 2007;Braun 2015;Clarke 2012;Langley 2010;Watson 2009). These literatures have developed largely in parallel to one another with the micro foundations of finance being seen as the preserve of cultural economy whilst political economy research focussed on the macro capitalist structures that shape global finance.…”

Section: Introductionmentioning

confidence: 99%

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

Hall

2017

Economic Geography

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In this paper, I develop a sympathetic critique of cultural economy approaches to market making, arguing that the spatial imaginations deployed in this work remain comparatively limited. Drawing on the emerging dialogue between cultural economy and heterodox political economy approaches to money and finance, the paper argues that a focus on regulation provides a valuable way of developing new understandings of the geographies of market making beyond cultural economy's extant reading of space as context, particularly in the form of the financial trading room. Drawing on an original case study of the marking of offshore renminbi markets in London's financial district, the analysis conceptualises regulation as both a hitherto overlooked relational component of market making and as a set of practices that co-constitute the territoriality of markets. I demonstrate how regulatory changes made in Beijing and London are important in understanding both the growth and potential limitations of London as an offshore renminbi centre. This has significant implications empirically, for the wider project of renminbi internationalisation and theoretically, in terms of understanding the geographies of market making.

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Section: Introductionmentioning

confidence: 99%

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

Hall

2017

Economic Geography

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“…Their performativity is layered, in that they do not work through ideologically imbued rhetoric only but involve certain (calculative) sociotechnical devices as well (Callon and Muniesa, 2005;Christophers, 2017;Deville, 2012Deville, , 2015. The idea that underlies 'layered performativity' (Samec, 2018;Clarke, 2012;Morris, 2016) is that reiterative discursive practices, coupled with material artefacts and corporeal performances, produce reality (Butler, 2010;Morris, 2016). This approach to analysis connects the Austinian conceptualization of performativity of 'doing things with words' (Austin, 1975) with Judith Butler's notion that repeated discursive practices are embedded in the material world (Butler, 1993(Butler, , 2010.…”

Section: Data and Methodology Of Analysismentioning

confidence: 99%

Performing financialized subjectivities in household economy manuals under state socialism and neoliberal capitalism

Samec

Hájek

2019

Competition & Change

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This article explores how financialized subjectivities have been performed in household economy manuals under two successive socioeconomic regimes in the former Czechoslovakia and the current Czech Republic: state socialism and neoliberal capitalism. Drawing on a layered performativity framework, we studied how rhetoric, devices and instructions used in manuals construct households into self-reliant actors who embrace financial products. We found that subjects were already being financialized by the manuals of the socialist era, particularly those from the 1980s. The main change concerned the treatment of temporality and the occurrence of calculative devices. Our findings challenge the idea that financialization has emerged under the regime of neoliberal capitalism and implies that financialization is part of a longer trend in modern economic governance.

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“…Lastly, the GFC spawned a number of theoretical explorations of finance that have changed our understanding of the way financial markets and economies operate (Thompson 2011, Clarke 2012, Gillespie 2013, McClanahan 2013, Bryan and Rafferty 2016, Erturk 2017, Jefferis 2018, Beckert 2020, Wullweber 2020. Joscha Wullweber recently argued that 'the shadow banking system has come to occupy a central position in the financial system [and] states and their central banks are interacting with the financial market on an entirely new level and in a radically redefined relationship' (2020, p. 13).…”

Section: * * *mentioning

confidence: 99%

Doing economics otherwise, from one crisis to the next

Hardin

2021

Journal of Cultural Economy

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Financial Engineering, Not Economic Photography

Cited by 21 publications

References 28 publications

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

Regulating the Geographies of Market Making: Offshore Renminbi Markets in London’s International Financial District

Performing financialized subjectivities in household economy manuals under state socialism and neoliberal capitalism

Doing economics otherwise, from one crisis to the next

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