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The Resource Capturing finance : arbitrage and social domination, Carolyn Hardin

Capturing finance : arbitrage and social domination, Carolyn Hardin

Creator
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
Work
Publication
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
Instance
Label
Capturing finance : arbitrage and social domination
Title
Capturing finance
Title remainder
arbitrage and social domination
Statement of responsibility
Carolyn Hardin
Creator
Subject
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
Instantiates
Publication
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
Publication
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

Subject

Library Locations

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      43.803074 11.283055

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