Tag Archives: estudios de las finanzas

Notas de lectura: Taking the Floor

[Hace unas semanas leí el libro de Daniel Beunza Taking the Floor. Models, Morals and Management in a Wall Street Trading Room (Princeton University Press 2019). Este post son las notas que fui tomando mientras leía. No es una reseña, ni una evaluación crítica. Es un intento por compartir qué y cómo me hizo pensar este libro]

18/6/2020

Acabo de empezar Taking the Floor. Models, Morals and Management in a Wall Street Trading Room de Daniel Beunza.

Leí la introducción. Se inventa un puzle ingenioso.

Beunza hizo una etnografía de una trading room a fines de los 1990s principios de los 2000s. Publicó algunos artículos con D. Stark que se hicieron bien conocidos y se transformó en uno de los fundadores de los, por esa época, nuevos estudios sociales de las finanzas. Como el resto, escribió sobre formulas, dispositivos y performatividad. Luego, vino la crisis y con ello la sorpresa con que el libro abre. Las prácticas que la prensa y la investigación de la época empezaron a mostrar no representaban bien lo que Beunza encontró en su etnografía. Como lo pone él, o lo engañaron, o la descripción de las finanzas en la prensa y en otros estudios no era correcta. Al final, un poco por casualidad, encontró que su dilema tenía otra solución. Un día invitó a uno de sus informantes a su clase y lo que él contó ahí era que antes de que Beunza lo conociera, en su trabajo anterior, había pasado por una compañía que había terminado con escándalos y problemas legales. Cuando volvió a trabajar, decidió que había que hacer las cosas de una forma diferente. Lo que Beunza investigó entonces fue su intento por hacer las cosas de una forma distinta. El estudio no es de cómo se hacen las cosas en Wall Street normalmente. Es una investigación de cómo podrían haberse hecho las cosas de una forma que quizás podría haber evitado el tipo de escandalo y crisis del 2008.

El libro entonces busca explicar qué es lo que hace a la organización que Beunza estudió distinta. El tipo de respuesta, hasta donde entiendo, es cultural. Todavía no veo bien como, pero, lo que Beunza intenta es, podríamos decir, traer a la cultura de vuelta. No es una operación menor. Los estudios sociales de las finanzas surgen como un proyecto anti-cultural. Muy influidos por la teoría del actor-red, la heurística básica era la explicación está en las redes socio-materiales, los dispositivos. Lo social, lo cultural, las normas, etc., no explican, a lo más son resultados que hay que explicar. Este libro intenta, por decirlo rebuscadamente, revertir la inversión. Acá, la explicación es cultural.

Dos notas.

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Painel: Estudos Sociais das Finanças

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Na quinta-feira, 07 de dezembro, Annelise Riles (Cornell University) e Eugênia Motta (IESP/UERJ) participarão do painel “Estudos Sociais das Finanças” moderado por Gustavo Onto (IFCS/UFRJ). Inscrições pelo site: www.iecbrazil.com.br

SASE/LSE 2015 Submissions Deadline Extended to February 9th!

[Aprovechando que se ha extendido el plazo para el envío de resumenes a SASE, que se llevará a cabo en Londres del 2 al de 5 Julio, recordamos de nuestra invitación a la mini-conferencia “Domesticizing Financial Economies, Part 2”. La nueva fecha límite para enviar resumenes es el 9 de febrero. Cordialmente, Joe Deville, Jeanne Lazarus, Mariana Luzzi y José Ossandón]

Domesticizing Financial Economies, Part 2 will pursue the discussions started in at the 2014 annual SASE meeting at what has now become Domesticizing Financial Economies, Part 1. We invite papers that look at specific situations of monetary transaction, credit and domestic money management. Our starting point is that the use of even the most sophisticated financial products can be understood in the light of a close empirical description of their contexts of social ties and obligations, ways of calculating, devices and informational infrastructures. The highly specific and often domestic ways that monies circulate about come to matter greatly, including but not limited to the production and reproduction of inequalities and asymmetries of power. Rather than (or as well as) seeking to understand how financial economies are “economized”, to draw on a term used by Koray Çalışkan and Michel Callon, we are thus interested in work that explores how monetary transactions are woven into the fabric of the everyday and come to be “domesticized”.

Papers with varied disciplinary backgrounds discussing the following issues are welcome: Continue reading

Assistant Professor vacancies Accounting LSE

Martin Giraudeau avisa: “The Department of Accounting at LSE is hiring assistant professors: Social Studies of Finance scholars are welcome to apply — as well more broadly as economic sociologists and historians working on accounting, finance, metrology, calculation…”. Continue reading

Cfp_Investigating High-Frequency Trading. Theoretical, social and anthropological perspectives. An International Workshop Series

Call for papers: Investigating High-Frequency Trading. Theoretical, social and anthropological perspectives. An International Workshop Series. Organised by: Ann-Christina Lange, Assistant Professor, Copenhagen Business School (ala.mpp@cbs.dk); Marc Lenglet, Lecturer in Management, European Business School Paris (marclenglet@ebs-paris.com); Robert Seyfert, Postdoctoral Fellow, Cluster of Excellence, Konstanz University (robert.seyfert@uni.kn). Deadline (for Workshop 1 in Copenhagen): September 30, 2014. Continue reading

Consuming Credit: Special Issue of Consumption Markets and Culture

[Copiamos esta noticia de los amigos de Charisma Network avisando del número especial recién publicado en Consumption Markets & Culture que podrá de interés de los lectores de este blog]

‘Consuming Credit’, a new Special Issue of Consumption Markets & Culture, has just been published. The collection is edited by Paul Langley and is populated, in its entirety, by members of the Charisma network. It can be accessed here.

Here is an edited extract from Paul’s introduction to the issue in which he also recounts some of the origins of Charisma:

While making credit available to make consumption possible has a very long history indeed, it is the consolidated mass markets and cultures of contemporary consumer credit that provide the focus for this special issue. Contemporary consumer credit comes in a diverse variety of forms and product ranges. This includes, for example, instalment plans for the dedicated purchase of automobiles and “big ticket” items; unsecured loans of all shapes and sizes, such as short-term and small “pay-day” loans; and the bank overdrafts and “revolving” lines of credit on credit cards that do not have to be completely repaid at the end of each month. The interest rates payable on consumer credit diverge greatly within and across product markets and between consumers, and fluctuate over time. And, although significant social and geographical exclusions, inequalities and differentiations remain as consumer credit markets become more established and entrenched, credit for consumption is today more readily and widely available (at a price) to individuals, families and households. Continue reading

Insurgent capitalism: Island, bricolage and the re-making of finance

Nuevo artículo de Donald MacKenzie & Juan Pablo Pardo-Guerra en Economy & Society: “Insurgent capitalism: Island, bricolage and the re-making of finance”. Continue reading

Why Michael Lewis got it wrong.

socializing finance

“There is systematic corruption in the market. A rigging, a rigging in the market. And it’s the provision to high frequency traders of information that ordinary investors do not have [which is at the core of this form of corruption]”.

This is, in a nutshell, the central claim of Michael Lewis’ new book, Flash Boys. Built around the almost heroic journey of Royal Bank of Canada’s Brad Katsuyama to understand how the interconnected American stock market works, Lewis’ story is now a centerpiece of the debate on HFT. In the smallish world of finance and technology, it is definitively the talk of the town.

As much as it has been praised (particularly by detractors of high frequency trading), Lewis’ book has also become the subject of intense, acerbic and at times quite emotional critiques. There is, indeed, something both provocative and awkward in Lewis’ account. Perhaps it is…

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Sowing consumers in the garden of mass retailing in Chile

De posible interés para lector@s y contribudor@s de este blog. Está disponible, en online first version, el artículo “Sowing consumers in the garden of mass retailing in Chile” publicado en Consumption Markets & Culture. El artículo es parte del número especial “Consuming Credit” editado por Paul Langley y que incluye contribuciones de Joe Deville, Paul Langley, Donncha Marron, Bill Maurer y José Ossandón.   Continue reading

Cfp_Domesticizing Financial Economies_Mini-Conference SASE 2014_Chicago

Invitamos en enviar resúmenes a la mini-conferencia “Domesticizing Financial Economies: Knitting Fibers of Transaction, Algorithm and Exchange” que formará parte de la Reunión de SASE 2014 en Chicago. Cordialmente, Jeanne Lazarus, Mariana Luzzi y José Ossandón

Domesticizing Financial Economies: Knitting Fibers of Transaction, Algorithm and Exchange

Social scientists looking for the institutional foundations of capitalism have often missed the way in which market economies, of all sorts, rely on the particular ways in which monetary transactions are knitted together with a range of other agents. This mini conference focuses its attention on the everyday encounters with monetary devices, commercial circuits, algorithms and financial assessment and exchange. By doing so it aims to bridge two stimulating areas in current social research. The first is the move within the social study of finance away from the trading floor to the highly specific ways in which monetary transactions are made, thought about and experienced. The second includes studies following how “big” transactional data is not only becoming a means for visualizing, assessing and targeting specific groups, but is also enabling the transaction itself to become a crucial site of global economic production.

Papers with varied disciplinary backgrounds discussing the following issues are welcome: Continue reading