Fine. 8vo-over 7¾"-9¾" tall. "While financial collapses are often explained as the inevitable result of market cycles, in LIQUIDATED, Karen Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. 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." This book has 374 pages and is illustrated. The text contains NO internal marks whatsoever.
Publishers Weekly, 2009-06-08 The timely question, "What caused the current global financial crisis?" provokes answers usually aimed at the level of institutions and the more abstract "market logic." Ho's refreshing ethnography of the daily lives of Wall Street investment bankers takes another tack and outlines a web of practices, beliefs and structures that may be vital to understanding what keeps the market system in place despite built-in instabilities. Ho, a former business analyst and now an associate professor of anthropology at the University of Minnesota, unpacks constant downsizing, high risk/high reward job liquidity, shortsighted compensation structures, prestige and the ruse of shareholder value. Her keen eye for the significance of space illuminates workplace narratives, e.g., segregating staff by floor, function and prestige; constant and lavish recruiting events at Princeton and Harvard; and anticlimactically tawdry office space for most workers. The author exposes how elite undergraduates are immersed in a culture promoting finance as the only legitimate job, how educational pedigrees reinforce the financial world's self-image-while the actual jobs remain rigidly hierarchical (stratifying women, people of color and non-Ivy League graduates), highly unstable and isolating, encouraging a culture in which making money is the only value. (Aug.) Copyright 2009 Reed Business Information.
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