Journal article
The social logic of financial derivatives
- By Randy Martin
Pages 59 to 68
Cite this article
- MARTIN, Randy,
- Martin, Randy.
- Martin, R.
https://doi.org/10.3917/mult.071.0059
Cite this article
- Martin, R.
- Martin, Randy.
- MARTIN, Randy,
https://doi.org/10.3917/mult.071.0059
English
This article is excerpted from the book entitled Knowledge LTD, published posthumously. It not only treats derivatives as financial contracts for pricing risk, but also shows how the derivative works in economic terms, where the very unity of the economy is undone. It ultimately points to a more comprehensive reordering of the once separate spheres of economy, polity, and culture. It thus provides a new way of understanding the social significance of the all-pervasive derivative logic.