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Description :
Derivatives were responsible for one of the worst financial meltdowns in history, one from which we have not yet fully recovered. However, they are likewise capable of generating some of the most incredible wealth we have ever seen. This book asks how we might ensure the latter while avoiding the former. Looking past the usual arguments for the regulation or abolition of derivative finance, it asks a more probing question: what kinds of social institutions and policies would we need to put in place to both avail ourselves of the derivative’s wealth production and make sure that production benefits all of us?
Benjamin Lee is a University Professor of Anthropology and Philosophy at the New School and the author or coauthor of many books, including Financial Derivatives and the Globalization of Risk.Randy Martin (1957–2015) was professor of art and policy at the Tisch School of the Arts at New York University and is the author of many books, including An Empire of Indifference.
Content :
Preface
Introduction
Part I.
Chapter 1. The Wealth of Dividuals
Chapter 2. Ritual in Financial Life
Chapter 3. From Primitives to Derivatives
Part II.
Chapter 4. Liquidity
Chapter 5. From the Critique of Political Economy to the Critique of Finance
Part III.
Chapter 6. Remarks on Financial Models
Chapter 7. On Black-Scholes
Chapter 8. Mapping the Trading Desk: Derivative Value through Market Making
Acknowledgments
Notes
References
Index No other Books by the same author | |
AARON CHATTERJI
