Download or read book Liquidated written by Karen Ho and published by Duke University Press. This book was released on 2009-07-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial collapses—whether of the junk bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: What goes up must come down. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy. Ho, who worked at an investment bank herself, argues that bankers’ approaches to financial markets and corporate America are inseparable from the structures and strategies of their workplaces. Her ethnographic analysis of those workplaces is filled with the voices of stressed first-year associates, overworked and alienated analysts, undergraduates eager to be hired, and seasoned managing directors. Recruited from elite universities as “the best and the brightest,” investment bankers are socialized into a world of high risk and high reward. They are paid handsomely, with the understanding that they may be let go at any time. Their workplace culture and networks of privilege create the perception that job insecurity builds character, and employee liquidity results in smart, efficient business. Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. Their mission is the creation of shareholder value, but Ho demonstrates that their practices and assumptions often produce crises instead. By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U.S. corporations, Liquidated reveals the particular culture of Wall Street often obscured by triumphalist readings of capitalist globalization.
Download or read book Consuming Religion written by Kathryn Lofton and published by University of Chicago Press. This book was released on 2017-09-12 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introduction: being consumed -- Practicing commodity. Binge religion: social life in extremity ; The spirit in the cubicle: a religious history of the American office -- Revising ritual. Ritualism revived: from scientia ritus to consumer rites ; Purifying America: rites of salvation in the soap campaign -- Imagining celebrity. Sacrificing Britney: celebrity and religion in America ; The celebrification of religion in the age of infotainment -- Valuing family. Religion and the authority in American parenting ; Kardashian nation: work in America's klan ; Rethinking corporate freedom -- Corporation as sect. On the origins of corporate culture ; Do not tamper with the clues: notes on Goldman Sachs -- Conclusion: family matters
Download or read book An Analysis of Karen Z Ho s Liquidated written by Rodolfo Maggio and published by CRC Press. This book was released on 2017-07-05 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liquidated is a work of anthropology that treats an unusual, despised subculture – that of the Wall Street banker – much as anthropologists have traditionally treated remote ‘savage’ tribes. But using the techniques of ethnography, including interviews, analysis of daily lives, and fieldwork to investigate a modern western culture is not original; what sets Ho's work apart and gives it value is her mastery of the critical thinking skills of problem-solving and creative thinking to reconceptualize the way in which we understand the bankers' mindset. Ho's great achievement is to ask productive questions, most obviously in drawing a distinction between bankers' self-image as capitalist warriors, freeing up value for themselves and shareholders by increasing the liquidity of the assets they invest in, and the social consequences of what they do. As Ho points out, not only is Wall Street institutionally inclined to embrace risk, in order to maximise profit; it is also prone to assume that increased liquidity (most often achieved by breaking up and selling off the parts of a large corporation) is a good in itself, irrespective of the outcomes for the workers actually involved in these disposals. Considering alternative possibilities, and generating fresh solutions, Ho determines that the capitalist principles that underpin Wall Street are myths, not the expression of some natural economic law..
Download or read book Twilight of the Elites written by Christopher Hayes and published by Crown. This book was released on 2012 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes scandals in high-profile institutions, from Wall Street and the Catholic Church to corporate America and Major League Baseball, while evaluating how an elite American meritocracy rose throughout the past half-century before succumbing to unprecedented levels of corruption and failure. 75,000 first printing.
Download or read book Out of the Pits written by Caitlin Zaloom and published by University of Chicago Press. This book was released on 2006-11 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description
Download or read book Among Wolves written by Timothy Pachirat and published by Routledge. This book was released on 2017-11-09 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summoned by an anonymous Prosecutor, ten contemporary ethnographers gather in an aging barn to hold a trial of Alice Goffman’s controversial ethnography, On the Run. But before the trial can get underway, a one-eyed wolfdog arrives with a mysterious liquid potion capable of rendering the ethnographers invisible in their fieldsites. Presented as a play that unfolds in seven acts, the ensuing drama provides readers with both a practical guide for how to conduct immersive participant-observation research and a sophisticated theoretical engagement with the relationship between ethnography as a research method and the operation of power. By interpolating "how-to" aspects of ethnographic research with deeper questions about ethnography’s relationship to power, this book presents a compelling introduction for those new to ethnography and rich theoretical insights for more seasoned ethnographic practitioners from across the social sciences. Just as ethnography as a research method depends crucially on serendipity, surprise, and an openness to ambiguity, the book’s dramatic and dialogic format encourages novices and experts alike to approach the study of power in ways that resist linear programs and dogmatic prescriptions. The result is a playful yet provocative invitation to rekindle those foundational senses of wonder and generative uncertainty that are all too often excluded from conversations about the methodologies and methods we bring to the study of the social world.
Download or read book Advocacy after Bhopal written by Kim Fortun and published by University of Chicago Press. This book was released on 2009-05-04 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1984 explosion of the Union Carbide chemical plant in Bhopal, India was undisputedly one of the world's worst industrial disasters. Some have argued that the resulting litigation provided an "innovative model" for dealing with the global distribution of technological risk; others consider the disaster a turning point in environmental legislation; still others argue that Bhopal is what globalization looks like on the ground. Kim Fortun explores these claims by focusing on the dynamics and paradoxes of advocacy in competing power domains. She moves from hospitals in India to meetings with lawyers, corporate executives, and environmental justice activists in the United States to show how the disaster and its effects remain with us. Spiraling outward from the victims' stories, the innovative narrative sheds light on the way advocacy works within a complex global system, calling into question conventional notions of responsibility and ethical conduct. Revealing the hopes and frustrations of advocacy, this moving work also counters the tendency to think of Bhopal as an isolated incident that "can't happen here."
Download or read book Making Markets written by Mitchel Y. Abolafia and published by Harvard University Press. This book was released on 2001-10-30 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the wake of million-dollar scandals brought about by Michael Milken, Ivan Boesky, and their like, Wall Street seems like the province of rampant individualism operating at the outermost extremes of self-interest and greed. But this, Mitchel Abolafia suggests, would be a case of missing the real culture of the Street for the characters who dominate the financial news. Making Markets, an ethnography of Wall Street culture, offers a more complex picture of how the market and its denizens work. Not merely masses of individuals striving independently, markets appear here as socially constructed institutions in which the behavior of traders is suspended in a web of customs, norms, and structures of control. Within these structures we see the actions that led to the Drexel Burnham and Salomon Brothers debacles not as bizarre aberrations, but as mere exaggerations of behavior accepted on the Street. Abolafia looks at three subcultures that coexist in the world of Wall Street: the stock, bond, and futures markets. Through interviews, anecdotes, and the author’s skillful analysis, we see how traders and New York Stock Exchange “specialists” negotiate the perpetual tension between short-term self-interest and long-term self-restraint that marks their respective communities—and how the temptation toward excess spurs market activity. We also see the complex relationships among those market communities—why, for instance, NYSE specialists resent the freedoms permitted over-the-counter bond traders and futures traders. Making Markets shows us that what propels Wall Street is not a fundamental human drive or instinct, but strategies enacted in the context of social relationships, cultural idioms, and institutions—a cycle that moves between phases of unbridled self-interest and collective self-restraint."
Download or read book Yuendumu Everyday written by Yasmine Musharbash and published by Aboriginal Studies Press. This book was released on 2008 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores intimacy, immediacy and mobility as the core principles underpinning contemporary everyday life in a central Australian Aboriginal settlement. It analyses an everyday shaped through the interplay between a not so distant hunter-gatherer past and the realities of living in a first world nation-state by considering such apparently mundane matters as: What is a camp? How does that relate to houses? Who sleeps where, and next to whom? Why does this constantly change? What and where are the public/private boundaries? And most importantly: How do Indigenous people relate to each other? Employing a refreshingly readable writing style, Musharbash includes rich vignettes, including narrative portraits of five Warlpiri women. Musharbash's descriptions and analyses of their actions and the situations they find themselves in, transcend the general and illuminate the personal. She invites readers to ponder the questions raised by the book, not just at an abstract level, but as they relate to people's actual lives. In doing so, it expands our understandings of Indigenous Australia.
Download or read book Guests of the Sheik written by Elizabeth Warnock Fernea and published by Anchor. This book was released on 1995-10-01 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: A delightful account of one woman's two-year stay in a tiny rural village in Iraq, where she assumed the dress and sheltered life of a harem woman. "A most enjoyable book abouut [Muslim women]—simple, dignified, human, colorful, sad and humble as the life they lead." —Muhsin Mahdi, Jewett Professor of Arabic Literature, Harvard Unversity. A wonderful, well-written, and vastly informative ethnographic study that offers a unique insight into a part of the Midddle Eastern life seldom seen by the West.
Download or read book The Intuitive Way of Knowing written by Brian C. Goodwin and published by . This book was released on 2013 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This tribute to Professor Brian Goodwin (1931-2007), a visionary biologist, mathematician, and philosopher, includes contributions from eminent scholars and academics around the world, addressing his work on pattern and form in biology, and the metaphysical principles that guided him. It also includes an interview with Goodwin, which offers new insights into his thinking.
Download or read book Economic Anthropology written by Chris Hann and published by John Wiley & Sons. This book was released on 2018-06-11 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a new introduction to the history and practice of economic anthropology by two leading authors in the field. They show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and one-world capitalism. In doing so, they connect economic anthropology to its roots in Western philosophy, social theory and world history. Up to the Second World War anthropologists tried and failed to interest economists in their exotic findings. They then launched a vigorous debate over whether an approach taken from economics was appropriate to the study of non-industrial economies. Since the 1970s, they have developed a critique of capitalism based on studying it at home as well as abroad. The authors aim to rejuvenate economic anthropology as a humanistic project at a time when the global financial crisis has undermined confidence in free market economics. They argue for the continued relevance of predecessors such as Marcel Mauss and Karl Polanyi, while offering an incisive review of recent work in this field. Economic Anthropology is an excellent introduction for social science students at all levels, and it presents general readers with a challenging perspective on the world economy today. Selected by Choice as a 2013 Outstanding Academic Title
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book Hedged Out written by Megan Tobias Neely and published by Univ of California Press. This book was released on 2022-01-25 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A former hedge fund worker takes an ethnographic approach to Wall Street to expose who wins, who loses, and why inequality endures. Who do you think of when you imagine a hedge fund manager? A greedy fraudster, a visionary entrepreneur, a wolf of Wall Street? These tropes capture the public imagination of a successful hedge fund manager. But behind the designer suits, helicopter commutes, and illicit pursuits are the everyday stories of people who work in the hedge fund industry—many of whom don’t realize they fall within the 1 percent that drives the divide between the richest and the rest. With Hedged Out, sociologist and former hedge fund analyst Megan Tobias Neely gives readers an outsider’s insider perspective on Wall Street and its enduring culture of inequality. Hedged Out dives into the upper echelons of Wall Street, where elite white masculinity is the standard measure for the capacity to manage risk and insecurity. Facing an unpredictable and risky stock market, hedge fund workers protect their interests by working long hours and building tight-knit networks with people who look and behave like them. Using ethnographic vignettes and her own industry experience, Neely showcases the voices of managers and other workers to illustrate how this industry of politically mobilized elites excludes people on the basis of race, class, and gender. Neely shows how this system of elite power and privilege not only sustains itself but builds over time as the beneficiaries concentrate their resources. Hedged Out explains why the hedge fund industry generates extreme wealth, why mostly white men benefit, and why reforming Wall Street will create a more equal society.
Download or read book Out of the Dust Scholastic Gold written by Karen Hesse and published by Scholastic Inc.. This book was released on 2012-09-01 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Acclaimed author Karen Hesse's Newbery Medal-winning novel-in-verse explores the life of fourteen-year-old Billie Jo growing up in the dust bowls of Oklahoma. Out of the Dust joins the Scholastic Gold line, which features award-winning and beloved novels. Includes exclusive bonus content!"Dust piles up like snow across the prairie. . . ."A terrible accident has transformed Billie Jo's life, scarring her inside and out. Her mother is gone. Her father can't talk about it. And the one thing that might make her feel better -- playing the piano -- is impossible with her wounded hands.To make matters worse, dust storms are devastating the family farm and all the farms nearby. While others flee from the dust bowl, Billie Jo is left to find peace in the bleak landscape of Oklahoma -- and in the surprising landscape of her own heart.
Download or read book Dealing in Desire written by Kimberly Kay Hoang and published by Univ of California Press. This book was released on 2015-02-11 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This captivating ethnography explores Vietnam’s sex industry as the country ascends the global and regional stage. Over the course of five years, author Kimberly Kay Hoang worked at four exclusive Saigon hostess bars catering to diverse clientele: wealthy local Vietnamese and Asian businessmen, Viet Kieus (ethnic Vietnamese living abroad), Western businessmen, and Western budget-tourists. Dealing in Desire takes an in-depth and often personal look at both the sex workers and their clients to show how Vietnamese high finance and benevolent giving are connected to the intimate spheres of the informal economy. For the domestic super-elite who use the levers of political power to channel foreign capital into real estate and manufacturing projects, conspicuous consumption is a means of projecting an image of Asian ascendancy to potential investors. For Viet Kieus and Westerners who bring remittances into the local economy, personal relationships with local sex workers reinforce their ideas of Asia’s rise and Western decline, while simultaneously bolstering their diminished masculinity. Dealing in Desire illuminates Ho Chi Minh City’s sex industry as not just a microcosm of the global economy, but a critical space where dreams and deals are traded.
Download or read book The Licit Life of Capitalism written by Hannah Appel and published by Duke University Press. This book was released on 2019-12-13 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Licit Life of Capitalism is both an account of a specific capitalist project—U.S. oil companies working off the shores of Equatorial Guinea—and a sweeping theorization of more general forms and processes that facilitate diverse capitalist projects around the world. Hannah Appel draws on extensive fieldwork with managers and rig workers, lawyers and bureaucrats, the expat wives of American oil executives and the Equatoguinean women who work in their homes, to turn conventional critiques of capitalism on their head, arguing that market practices do not merely exacerbate inequality; they are made by it. People and places differentially valued by gender, race, and colonial histories are the terrain on which the rules of capitalist economy are built. Appel shows how the corporate form and the contract, offshore rigs and economic theory are the assemblages of liberalism and race, expertise and gender, technology and domesticity that enable the licit life of capitalism—practices that are legally sanctioned, widely replicated, and ordinary, at the same time as they are messy, contested, and, arguably, indefensible.
