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The Everyday Life of Global Finance: Saving and Borrowing in Anglo-America

Autor Paul Langley
en Limba Engleză Hardback – 8 mai 2008
Grounded in literature from the sociology of finance and international political economy, and informed by extensive empirical research, The Everyday Life of Global Finance explores the unprecedented relationships that now bind Anglo-American society with the financial markets. 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 embraced 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 is an ambitious and innovative contribution to our understanding of the contemporary financial world. It shows how financial market networks have come to extend well beyond Wall Street and the City of London, becoming embedded and embodied in routine saving and borrowing in the US and UK. Society's new-found relationships with the markets are also shown, however, to be marked by stark inequalities, manifest contradictions, and political dissent.
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Specificații

ISBN-13: 9780199236596
ISBN-10: 0199236593
Pagini: 316
Ilustrații: One illustration
Dimensiuni: 165 x 241 x 30 mm
Greutate: 0.61 kg
Editura: OUP OXFORD
Colecția OUP Oxford
Locul publicării:Oxford, United Kingdom

Recenzii

The credit crisis shows the importance of understanding how everyday saving and borrowing interact with global finance. Langley provides a thorough, sophisticated and timely analysis.
This is a major study of how the 'democratization of finance' in our time has worked to create new identities for savers and borrowers. It challenges us all to think again about how we understand the remaking of present day capitalism.
In a major statement of the new IPE, Paul Langley demonstrates how everyday forms of saving and borrowing produce subject positions and financial identities among everyday actors that are the 'unrecognized' constitutive elements of the global financial order.
This is an undeniably important and timely book. We are at a moment of significant change and uncertainty within the Anglo-American financial system within which many of us are irrevocably entangled due to our everyday roles as borrowers and/or savers. Langley reveals with skill and insight how we have arrived at this particular financial and political conjuncture and, in doing so, provides an important resource to help determine where we may be headed.

Notă biografică

Paul Langley is a political economist at the Division of Politics and History, Northumbria University, UK. While his principal research focus is on finance and the financial markets, Paul has also published on issues such as globalization, civil society, and environmental governance. He is author of World Financial Orders (Routledge, 2002), and his work has appeared in journals such as Competition and Change, Cultural Critique, Environment and Planning D, Global Networks, Review of International Political Economy, and Review of International Studies. Paul is also presently serving as Convenor of the British International Studies Association's (BISA) International Political Economy Group (IPEG).