IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-03393812.html
   My bibliography  Save this paper

Conclusion: What finance manufactures

Author

Listed:
  • Olivier Godechot

    (OSC - Observatoire sociologique du changement (Sciences Po, CNRS) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

Abstract

Why should we approach the study of finance in an alternative way when other disciplines – such as economics and financial theory – which are older, more legitimate and endowed with more substantial backing, have already been tackling this subject for over fifty years? Admirably, despite any misgivings, the rapid and varied development of a collection of studies on finance has nonetheless originated over the last fifteen years from a variety of disciplines (sociology, anthropology, political science, history, management sciences, geography). This has resulted from the dynamic academic practice of diversifying and reviving research subjects, though also because of a dissatisfaction with the inadequacy of standard approaches. But that is not all, as it has equally stemmed from a desire to understand a much deeper phenomenon: the sudden emergence of finance in social life. [First paragraph]

Suggested Citation

  • Olivier Godechot, 2019. "Conclusion: What finance manufactures," SciencePo Working papers Main hal-03393812, HAL.
  • Handle: RePEc:hal:spmain:hal-03393812
    Note: View the original document on HAL open archive server: https://hal-sciencespo.archives-ouvertes.fr/hal-03393812
    as

    Download full text from publisher

    File URL: https://hal-sciencespo.archives-ouvertes.fr/hal-03393812/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fligstein, Neil & Goldstein, Adam, 2010. "The Anatomy of the Mortgage Securitization Crisis," Institute for Research on Labor and Employment, Working Paper Series qt9bh786v2, Institute of Industrial Relations, UC Berkeley.
    2. Thomas Philippon & Ariell Reshef, 2013. "An International Look at the Growth of Modern Finance," Journal of Economic Perspectives, American Economic Association, vol. 27(2), pages 73-96, Spring.
    3. Anthony B. Atkinson & Thomas Piketty & Emmanuel Saez, 2011. "Top Incomes in the Long Run of History," Journal of Economic Literature, American Economic Association, vol. 49(1), pages 3-71, March.
    4. Horacio Ortiz, 2014. "The Limits of Financial Imagination: Free Investors, Efficient Markets, and Crisis," Post-Print hal-00966544, HAL.
    5. Olivier Godechot, 2016. "Back in the bazaar: taking Pierre Bourdieu to a trading room," Journal of Cultural Economy, Taylor & Francis Journals, vol. 9(4), pages 410-429, August.
    6. Poon, Martha, 2009. "From new deal institutions to capital markets: Commercial consumer risk scores and the making of subprime mortgage finance," Accounting, Organizations and Society, Elsevier, vol. 34(5), pages 654-674, July.
    7. Brian Bell & John Reenen, 2014. "Bankers and Their Bonuses," Economic Journal, Royal Economic Society, vol. 124(574), pages 1-21, February.
    8. repec:dau:papers:123456789/1499 is not listed on IDEAS
    9. Godechot, Olivier, 2015. "Financialization is marketization! A study on the respective impact of various dimensions of financialization on the increase in global inequality," MaxPo Discussion Paper Series 15/3, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    10. repec:hal:spmain:info:hdl:2441/5qjkarlp3e8a2a40vbqo698d3v is not listed on IDEAS
    11. Zaloom, Caitlin, 2006. "Out of the Pits," University of Chicago Press Economics Books, University of Chicago Press, number 9780226978130, Febrero.
    12. Olivier Godechot, 2016. "Back in the bazaar: taking Pierre Bourdieu to a trading room," SciencePo Working papers Main hal-01295776, HAL.
    13. Martha Poon, 2009. "From New Deal institutions to capital markets: commercial consumer risk scores and the making of subprime mortgage finance," Post-Print halshs-00359712, HAL.
    14. Olivier Godechot, 2011. "Le capital humainet les incitations sont-ils les deux mamelles des salaires dans la finance ?," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 145-164.
    15. Fontaine,Laurence, 2014. "The Moral Economy," Cambridge Books, Cambridge University Press, number 9781107018815.
    16. repec:hal:spmain:info:hdl:2441/36r82bk74h9hiai5p7mros4j61 is not listed on IDEAS
    17. Marion Fourcade & Kieran Healy, 2013. "Classification situations: Life-chances in the neoliberal era," Post-Print hal-03470535, HAL.
    18. repec:hal:spmain:info:hdl:2441/6cbt691h0h8o9q5rf0apko0pda is not listed on IDEAS
    19. Fontaine,Laurence, 2014. "The Moral Economy," Cambridge Books, Cambridge University Press, number 9781107603707.
    20. Fourcade, Marion & Healy, Kieran, 2013. "Classification situations: Life-chances in the neoliberal era," Accounting, Organizations and Society, Elsevier, vol. 38(8), pages 559-572.
    21. Donald MacKenzie, 2006. "An Engine, Not a Camera: How Financial Models Shape Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262134608, December.
    22. Fabian Muniesa, 2000. "Un robot walrasien : cotation électronique et justesse de la découverte des prix," Post-Print halshs-00087467, HAL.
    23. Fabian Muniesa, 2007. "Market technologies and the pragmatics of prices," Post-Print halshs-00160893, HAL.
    24. Ing-Haw Cheng & Harrison Hong & José A. Scheinkman, 2015. "Yesterday's Heroes: Compensation and Risk at Financial Firms," Journal of Finance, American Finance Association, vol. 70(2), pages 839-879, April.
    25. Martha Poon, 2009. "From New Deal institutions to capital markets: commercial consumer risk scores and the making of subprime mortgage finance," Working Papers halshs-00359712, HAL.
    26. Martha Poon, 2009. "From New Deal institutions to capital markets: commercial consumer risk scores and the making of subprime mortgage finance," CSI Working Papers Series 014, Centre de Sociologie de l'Innovation (CSI), Mines ParisTech.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Olivier Godechot, 2019. "Conclusion: What finance manufactures," Post-Print hal-03393812, HAL.
    2. repec:hal:spmain:info:hdl:2441/4ff88coju39nk8b11b5ghfc1ff is not listed on IDEAS
    3. Bill Maurer, 2012. "Finance 2.0," Chapters, in: James G. Carrier (ed.), A Handbook of Economic Anthropology, Second Edition, chapter 11, Edward Elgar Publishing.
    4. Kornberger, Martin & Pflueger, Dane & Mouritsen, Jan, 2017. "Evaluative infrastructures: Accounting for platform organization," Accounting, Organizations and Society, Elsevier, vol. 60(C), pages 79-95.
    5. Lacan, Laure & Lazarus, Jeanne, 2015. "A relationship and a practice: On the French sociology of credit," MaxPo Discussion Paper Series 15/1, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    6. Cooper, Christine, 2015. "Entrepreneurs of the self: The development of management control since 1976," Accounting, Organizations and Society, Elsevier, vol. 47(C), pages 14-24.
    7. Boussard, Valérie & Godechot, Olivier & Woloszko, Nicolas, 2016. "How to make a deal: The role of rankings and personal ties in creating trust in the M&A market," MaxPo Discussion Paper Series 16/3, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    8. Pinzur, David, 2016. "Making the grade: infrastructural semiotics and derivative market outcomes on the Chicago Board of Trade and New Orleans Cotton Exchange, 1856–1909," LSE Research Online Documents on Economics 102988, London School of Economics and Political Science, LSE Library.
    9. Olivier Godechot, 2015. "Financialization Is Marketization! : A Study on the Respective Impact of Various Dimensions of Financialization on the Increase in Global Inequality," Sciences Po publications 15/3, Sciences Po.
    10. Fourcade, Marion & Healy, Kieran, 2013. "Classification situations: Life-chances in the neoliberal era," Accounting, Organizations and Society, Elsevier, vol. 38(8), pages 559-572.
    11. Olivier Godechot, 2015. "Financialization Is Marketization!," Working Papers hal-03459520, HAL.
    12. Olivier Godechot, 2015. "Financialization Is Marketization!," SciencePo Working papers Main hal-03459520, HAL.
    13. Horacio Ortiz, 2022. "Political Imaginaries of the Weighted Average Cost of Capital: A Conceptual Analysis," Post-Print halshs-03513082, HAL.
    14. repec:hal:spmain:info:hdl:2441/5qjkarlp3e8a2a40vbqo698d3v is not listed on IDEAS
    15. repec:hal:spmain:info:hdl:2441/53fhlrk21m95fr2o3ajosmu5jg is not listed on IDEAS
    16. Marion Fourcade & Kieran Healy, 2013. "Classification situations: Life-chances in the neoliberal era," Post-Print hal-03470535, HAL.
    17. Kornberger Martin & Pflueger Dane & Mouritsen Jan, 2017. "Evaluative infrastructures : Accounting for platform organization," Post-Print hal-02276737, HAL.
    18. repec:hal:spmain:info:hdl:2441/6cbt691h0h8o9q5rf0apko0pda is not listed on IDEAS
    19. Neil Fligstein, 2021. "Innovation and the theory of fields," AMS Review, Springer;Academy of Marketing Science, vol. 11(3), pages 272-289, December.
    20. Hamid Boustanifar & Everett Grant & Ariell Reshef, 2018. "Wages and Human Capital in Finance: International Evidence, 1970–2011 [Financial reform: what shakes it? What shapes it?]," Review of Finance, European Finance Association, vol. 22(2), pages 699-745.
    21. Ryan Bubb & Alex Kaufman, 2011. "Securitization and moral hazard: evidence from credit score cutoff rules," Public Policy Discussion Paper 11-6, Federal Reserve Bank of Boston.
    22. Savannah Cox, 2022. "Inscriptions of resilience: Bond ratings and the government of climate risk in Greater Miami, Florida," Environment and Planning A, , vol. 54(2), pages 295-310, March.
    23. Bernardo Bátiz-Lazo, 2017. "Between Novelty and Fashion: Risk Management and the Adoption of Computers in Retail Banking," Palgrave Studies in the History of Finance, in: Korinna Schönhärl (ed.), Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century, pages 189-207, Palgrave Macmillan.
    24. Kiviat, Barbara, 2019. "Credit Scoring in the United States," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 21(1), pages 33-42.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:spmain:hal-03393812. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.