The everyday life of global finance: saving and borrowing in anglo-america

In the US and UK, saving and borrowing routines have changed radically and become closely bound-up with the capital markets of global finance. As mutual funds have increased in popularity and pension provision has been transformed, many more individuals and households have come to invest in stocks and shares. As consumer borrowing has risen dramatically and mortgage finance has been extended to those deemed sub-prime, so the repayments of credit card holders and mortgagors have provided the basis for the issue and trading of bonds and other market instruments. The Everyday Life of Global Finance explores the unprecedented relationships that now bind society and the markets, challenging the dominant tendency to simply position recent developments in Wall Street and the City of London at the centre of contemporary finance. Grounded in literaturefrom the sociology of finance and international political economy, drawing onthe social theory of Callon, Foucault, and Latour, and informed by extensive empirical research, the book shows how global finance has become mundane and ordinary in Anglo-America. Finance is not 'out there somewhere', but is embedded in the calculative technologies and performances of reconfigured saving and borrowing networks, and is embodied through the assembly of everyday financialidentities and self-disciplines. Society's new-found relationships with the financial markets are also shown, however, to be marked by stark inequalities, manifest contradictions, and political dissent. INDICE: Introduction 1: Networks, Power, Identity, and Dissent Part I: Saving 2: From Thrift and Insurance to Everyday Investment 3: Pensions and Everyday Investment 4: The Uncertain Subjects of Everyday Investment 5: Socially Responsible Investment Part II: Borrowing 6: The Boom in Everyday Borrowing 7: Inequalities in Everyday Borrowing 8: The Uncertain Subjects of Everyday Borrowing 9: Dissent in Everyday Borrowing Conclusion 10: The Sub-Prime Crisis

• ISBN: 978-0-19-957396-7
• Editorial: Oxford University
• Encuadernacion: Rústica
• Páginas: 320
• Fecha Publicación: 12/11/2009
• Nº Volúmenes: 1
• Idioma: Inglés