The Social Life of Financial Derivatives: Markets, Risk, and Time

In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

Author: Edward Lipuma
Publisher: Duke University Press
Published: 10/27/2017
Pages: 424
Binding Type: Paperback
Weight: 1.25lbs
Size: 9.00h x 6.00w x 0.90d
ISBN: 9780822369714

Review Citation(s):
Choice 04/01/2018

About the Author
Edward LiPuma is Professor of Anthropology at the University of Miami, coauthor of Financial Derivatives and the Globalization of Risk, also published by Duke University Press, and author of The Gift of Kinship: Structure and Practice in Maring Social Organization.