LIQUIDATED AN ETHNOGRAPHY OF WALL STREET PDF

Liquidated has ratings and 43 reviews. BlackOxford said: Against ExcellenceIf you want to understand the source and the consequences of the rhetori. Book Reviews Liquidated: An Ethnography of Wall Street. Karen Ho. Durham, NC : Duke University Press, pp. $, paper. Karen Ho is a member of. In Liquidated: An Ethnography of Wall Street, Karen Ho introduces us to the culture of smartness on Wall Street—its perpetuation, its sustainability.

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Through Financial collapses—whether of the ,iquidated bond market, the Internet bubble, or the highly leveraged housing market—are often explained as the inevitable result of market cycles: Leading investment banks pride themselves on skimming from the top of a very small number of elite universities Harvard, Princeton, and a few other “hyperelite” institutions like the Wharton School. An Ethnography of Wall Street.

Liquidated: An Ethnography of Wall Street

By connecting the values and actions of investment bankers to the construction of markets and the restructuring of U. Preview — Liquidated by Karen Ho. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how Ho gets to the heart of the market makers who have reconfigured the American economy with often disastrous consequences.

Mangano and Martin S.

Ho nevertheless na on her study in classic anthropological manner: The origins of this view, Ho argues, has multiple sources. As field-sites go, Wall Street is not classic anthropological territory: The prima An interesting read on the culture of investment bank s,ers,ing and how the narrow field of backgrounds and ideologies feeds a cycle of behaviors seen alternately as being right or being the only possible actions.

There were a number of excerpts attributed “Fraser, ” that seemed more artfully constructed, so I expect to read his Wall Street: Building on these rich and diverse data sources collected up through midHo provides a complex and fascinating analysis of the linkages between biography, institutions, and markets. But that didn’t matter to the traders and the executives — they got their bonuses from doing all these deals and selling all these products, from besting each other on coming up with more and cleverer financial products, regardless of the long-term viability of them.

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Mangano, Financial Analysts Journal. Please check the credit line adjacent to the illustration, as well as the front and back matter of the book for a list of credits.

I liquifated it rewarding to read and reflect on, a landmark in the burgeoning anthropology of money. Like many sociologists, anthropologists, and some economists, Ho argues against an abstract, impersonal view of markets that ignores the role of social relationships, values, and culture.

Return to Book Page. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.

The main takeaway for me, and one which I had not given particular thought to, is that when we appeal to abstract, globalizing forces of capitalism, we in a sense cede to them a kind of inevitable power, as if they were an invisible hand.

The history in this book was fascinating. For book covers to accompany reviews, please contact the publicity department.

Liquidated | Duke University Press

If you read much about the financial industry or hang around business schools, this description rings true — although with a highly academic jargon and an inflated syllable count. Loyalty is at best a conditional virtue. Elite, self-aggrandized, overworked identities are amplified in a context of literally fortune-making compensation schemes. In a book that could be ripped from the headlines, and the musings of pundits, Karen Ho brilliantly analyzes the role of investment bankers in creating Wall Street fortunes and failures.

Want to Read saving…. As it turns out, people on Wall Street get fired a lot, but they are okay with that and even anticipate it. If you are requesting permission to photocopy material for classroom use, please contact the Copyright Clearance Center at copyright.

To see what your friends thought of this book, please sign up. Look at investment banks and investment bankers this way will not explain everything or even most everything about the fragility of the economy, the increasing frequency of “jobless” recoveries, the continuing importance of “too big to fail” institutions, pressures for lowering tax rates on the wealthy, etc. So what is ethnogrphy culture of Wall Street like? To supplement interview data, Ho attended industry conferences, formal and informal networking events and panel discussions, and analyzed scores of newspaper reports and business publications.

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Dec 29, Dirk rated it it was amazing Shelves: The author is also thorough in noting the many ways in which the rhetoric of the financial industry shareholder values; pay for performance; increased efficiency; employing the best and the brightest; etc.

Or is it an intelligent way of operating in a competitive, rapidly changing global business? The first couple of chapter are an absolutely amazing analysis of capitalism. No matter streeet you read it, it’s unlikely you’ll ever again see financial capitalism purely through the lens of those self-congratulatory, pre adverts promoting Morgan Stanley, Merrill Lynch, Charles Schwab, et al.

Demystifies Wall Street by reading it from a point of view that is so refreshingly human. Karen Ho has constructed such a in depth analysis of Wall Street and it’s functioning without losing herself in technical jargon or oversimplification of ideas that makes this such a riveting read.

Ho reveals the financial crises so often attributed to abstract “market forces” to be a product of a Wall Street culture of elitism that begins with Ivy League wn and is supported by a cut-throat occupational environment characterized by norms of exhausting work schedules, perfectionism, and instability.

As for job insecurity, it leads investment bankers to morph instantly into successful job hunters and mobile survivors.