Monetized time-space: derivatives – money's 'new imaginary'?

@article{Pryke2000MonetizedTD,
  title={Monetized time-space: derivatives – money's 'new imaginary'?},
  author={Michael Pryke and John Allen},
  journal={Economy and Society},
  year={2000},
  volume={29},
  pages={264 - 284}
}
This paper examines some of the ways in which the everyday is becoming connected into the world of finance, a process facilitated through so-called derivatives.The increasing use of derivatives is traced to the collapse of the Bretton Woods agreement and the ways in which innovative developments in financial engineering were used to overcome the uncertainties of interest rate, currency and price risks that grew apace from the early 1970s. We argue that these risks are not ‘more of the same… 
Common cents: situating money in time and place
This paper engages with a wide range of social theories to argue for a more nuanced understanding of money that is attuned to its spatial and scalar dimensions. The paper begins with a brief overview
Deriving the Derivative
The anthropology of finance has been dominated by ethnographic field research and the performativity thesis advanced by Donald Mackenzie and Michel Callon. This essay takes a different tack and
Financializing space, spacing financialization
The paper develops a sympathetic geographical critique of the concept of financialization which seeks to account for the growing influence of financial markets over the unfolding of economy, polity
Money flows like mercury: the geography of global finance
ABSTRACT. If the social relations and inherited configuration of production were at the core of economic geography a decade ago, these aspects of the world are increasingly taken for granted. The
From Time–Space Compression to Spatial Spreads
The evolution of finance has involved a transformation of economic, political and social space. Finance is liquid - it moves easily and at low cost, it can change its form with the same facility, and
Financial derivatives and the rise of circulation
The analysis argues that the outsourcing of production from the metropole generated problems of monetary connectivity that motivated the banking sector to develop and market a new species of
Money Cultures after Georg Simmel: Mobility Movement, and Identity
It is well known that Georg Simmel observed a series of parallels between the circulation of money in a mature economy, in particular its pace and rhythm, and cultural forms of interaction in early
Introduction: Financial Deregulation and Technological Change
The derivatives revolution, and the exponential growth of the trading of complex financial instruments in exchanges and over-the-counter in the 1990s, have significantly altered the technological
The material production of virtuality: innovation, cultural geography and facticity in derivatives markets
Abstract In the existing literature, the ‘virtual’ nature of financial derivatives is often commented upon, but how these products are brought into being has seldom been examined in any depth. This
Beyond performativity: Material futures of finance
Abstract In the wake of the financial crisis of 2008, temporality and futurity have become key terms in efforts to rethink finance. Thus far, the debate has revolved around the question of how
...
...

References

SHOWING 1-10 OF 80 REFERENCES
Money Cultures after Georg Simmel: Mobility Movement, and Identity
It is well known that Georg Simmel observed a series of parallels between the circulation of money in a mature economy, in particular its pace and rhythm, and cultural forms of interaction in early
MONEY AND THE NATION-STATE: CONTESTED BOUNDARIES OF MONETARY SOVEREIGNTY IN GEOPOLITICS
Has international monetary integration undermined monetary sovereignty? In this paper, a sociological approach is taken towards two of the major conditions which are reputed to have contributed to
The Social Meaning of Money: "Special Monies"
  • V. Zelizer
  • Economics
    American Journal of Sociology
  • 1989
Classic interpretations of the development of the modern world portray money as a key instrument in the rationalization of social life. Money is reductively defined as the ultimate objectifier,
Physics and Finance: S-Terms and Modern Finance as a Topic for Science Studies
This article argues that modern finance should be an important object of attention. Particularly worthy of study are three demarcations: the changing disciplinary boundary of economics, the
Financial Innovations and Veblen’s Theory of Financial Markets
The financial system in the 1980s was shaken by a wave of speculative finance facilitated by a massive accumulation of debt, a stock market crash, crises in the banking/thrifts sector, and episodes
Forget Locke?: From Proprietor to Risk-Bearer in New Logics of Finance
Copyright © 1999 by Duke University Press. All rights reserved. This work may be used, with this header included, for noncommercial purposes within a subscribed institution. No copies of this work
The ethics of the New Finance
This paper examines the normative ideas flowing from the contemporary theories that make up the New Finance. These theories include the Irrelevance Theorem, Efficient Market Hypothesis, Capital Asset
The Color of Money and the Nature of Value: Greenbacks and Gold in Postbellum America
Money measures value in market economies. Money's own value is socially constructed since people attribute worth to a medium whose physical characteristics are essentially irrelevant to its monetary
The market as an object of attachment : Exploring postsocial relations in financial markets
This paper rests on the assumption of an increased presence and relevance of object worlds in the social world. It holds that this influx of object worlds coincides with changing patterns of human
Barings Bankruptcy and Financial Derivatives
This is the first systematic source which tries to explain how and why the 233-year old and the World's oldest merchant bank went into bankruptcy in a few days. It includes three parts with 10
...
...