BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Bookseller Inventory #
Synopsis: The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives.
LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.
From the Back Cover: "The prominence of a new kind of speculative finance capital in organizing global order and disorder is a topic of vital contemporary importance. By addressing this topic, this short, clear account advances the somewhat muddled debates over economic globalization."--Craig Calhoun, president of the Social Science Research Council
Title: Financial Derivatives and the Globalization ...
Publisher: Duke Univ
Book Condition: BRAND NEW
Book Description Duke University Press. Condition: New. Brand New. Seller Inventory # 0822334070
Book Description Duke University Press Books. Hardcover. Condition: Very Good. 0822334070 Crisp, clean, unread hardcover with light shelfwear, missing dust jacket and a publisher's mark to one edge - Nice!. Seller Inventory # Z0822334070Z2
Book Description Duke University Press Books, 2004. Condition: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Seller Inventory # 0822334070-2-4
Book Description Duke University Press Books, 2004. Hardcover. Condition: Used: Good. Seller Inventory # SONG0822334070
Book Description Duke Univ. Condition: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Veteran Owned Bookshop in business since 1992!. Seller Inventory # 2684619
Book Description Duke University Press Books, 2004. Hardcover. Condition: Very Good. Great condition with minimal wear, aging, or shelf wear. Seller Inventory # P020822334070
Book Description Duke University Press Books, 2004. Hardcover. Condition: Like New. Almost new condition. Seller Inventory # P010822334070
Book Description Duke University Press Books, 2004. Hardcover. Condition: New. Never used!. Seller Inventory # P110822334070
Book Description Duke University Press Books, 2004. Hardcover. Condition: New. Seller Inventory # DADAX0822334070
Book Description Duke University Press Books, 2004. Hardcover. Condition: New. book. Seller Inventory # M0822334070