The Resource Capturing finance : arbitrage and social domination, Carolyn Hardin
Capturing finance : arbitrage and social domination, Carolyn Hardin
Resource Information
The item Capturing finance : arbitrage and social domination, Carolyn Hardin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute Library.This item is available to borrow from 1 library branch.
Resource Information
The item Capturing finance : arbitrage and social domination, Carolyn Hardin represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute Library.
This item is available to borrow from 1 library branch.
- Summary
- "Arbitrage is a trading practice that involves buying the same or similar items where they are priced low, and selling them where they are priced high, to gain a profit simply from the disparity in prices. It is fundamental both to the practice of financial trading and to economic understandings of how financial markets function. In Capturing Finance, Carolyn Hardin offers a new way of understanding arbitrage, as a means for capturing value in financial capitalism. Hardin addresses the contextual factors that allow such value capture to take place, arguing that every form of capture is reliant upon a system of abstract domination built around a principle that makes participation in capture seem necessary. For industrial capitalism, that principle is labor. In financial capitalism, that principle is risk. The idea that we must take on risky debt to afford everyday life, or invest in risky financial markets to secure future goals like saving for college or retirement, appears to be common sense. But it also sets up the conditions for arbitrage to thrive. Indeed, subprime mortgage borrowing facilitated the arbitrage in mortgage-backed securities in the run up to the financial crisis. In this book, Hardin argues that our taken-for-granted understandings of how risk works in financial markets allows arbitrage capture to take place even when it leads to crises and long-term ills. It is thus risk that must be addressed as a political issue, if any challenge to the current impacts of financial capitalism is to be mounted"--
- Language
- eng
- Extent
- 176 pages
- Contents
-
- Capitalism as capture
- Arbitrage in theory
- Arbitrage IRL
- The Postonian turn : from exploitation to abstract domination
- Money machines
- The emperor's new clothes
- Isbn
- 9781478013389
- Label
- Capturing finance : arbitrage and social domination
- Title
- Capturing finance
- Title remainder
- arbitrage and social domination
- Statement of responsibility
- Carolyn Hardin
- Language
- eng
- Summary
- "Arbitrage is a trading practice that involves buying the same or similar items where they are priced low, and selling them where they are priced high, to gain a profit simply from the disparity in prices. It is fundamental both to the practice of financial trading and to economic understandings of how financial markets function. In Capturing Finance, Carolyn Hardin offers a new way of understanding arbitrage, as a means for capturing value in financial capitalism. Hardin addresses the contextual factors that allow such value capture to take place, arguing that every form of capture is reliant upon a system of abstract domination built around a principle that makes participation in capture seem necessary. For industrial capitalism, that principle is labor. In financial capitalism, that principle is risk. The idea that we must take on risky debt to afford everyday life, or invest in risky financial markets to secure future goals like saving for college or retirement, appears to be common sense. But it also sets up the conditions for arbitrage to thrive. Indeed, subprime mortgage borrowing facilitated the arbitrage in mortgage-backed securities in the run up to the financial crisis. In this book, Hardin argues that our taken-for-granted understandings of how risk works in financial markets allows arbitrage capture to take place even when it leads to crises and long-term ills. It is thus risk that must be addressed as a political issue, if any challenge to the current impacts of financial capitalism is to be mounted"--
- Assigning source
- Provided by publisher
- http://library.link/vocab/creatorDate
- 1979-
- http://library.link/vocab/creatorName
- Hardin, Carolyn F.
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- bibliography
- http://library.link/vocab/subjectName
-
- Arbitrage
- Risk
- Finance
- Capitalism
- Label
- Capturing finance : arbitrage and social domination, Carolyn Hardin
- Bibliography note
- Includes bibliographical references and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Capitalism as capture -- Arbitrage in theory -- Arbitrage IRL -- The Postonian turn : from exploitation to abstract domination -- Money machines -- The emperor's new clothes
- Control code
- on1194872361
- Dimensions
- 23 cm
- Extent
- 176 pages
- Isbn
- 9781478013389
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
- System control number
- (OCoLC)1194872361
- Label
- Capturing finance : arbitrage and social domination, Carolyn Hardin
- Bibliography note
- Includes bibliographical references and index
- Carrier category
- volume
- Carrier category code
-
- nc
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- Capitalism as capture -- Arbitrage in theory -- Arbitrage IRL -- The Postonian turn : from exploitation to abstract domination -- Money machines -- The emperor's new clothes
- Control code
- on1194872361
- Dimensions
- 23 cm
- Extent
- 176 pages
- Isbn
- 9781478013389
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
- System control number
- (OCoLC)1194872361
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/Capturing-finance--arbitrage-and-social/97PECygrxU0/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/Capturing-finance--arbitrage-and-social/97PECygrxU0/">Capturing finance : arbitrage and social domination, Carolyn Hardin</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute Library</a></span></span></span></span></div>