Ivan Ascher, “Portfolio Society: A Capitalist Mode of Prediction” (Zone Books, 2016)

Ivan Ascher, “Portfolio Society: A Capitalist Mode of Prediction” (Zone Books, 2016)

Is Marx still relevant? Any social scientist will answer with a resounding yes! In what he refers to as a thought experiment, Ivan Ascher uses Marx to understand the financial market. In Portfolio Society: A Capitalist Mode of Prediction (Zone Books, 2016), Ascher focuses on the arc and narratives found in Capital, using them to analyze risk, credit, and the financial market downfall of 2008. Ascher encourages the reader to explore how we might be able to understand what is going on today by looking back at Marx’s understanding of capitalism. The reader will come across familiar characters, like moneybags and vampires, and familiar concepts from Marx, like fetishism and co-dependence within the market. The nice thing about this book is that you do not need prior knowledge of Marx or financial markets, though those who have knowledge of either or both will still find great pleasure in this thought experiment. This book would be enjoyed by sociologists or political scientists in general, alongside those interested in financial markets. It would be especially useful in a theory course where students could make connections between Marx and Ascher’s narratives. Sarah E. Patterson is a postdoc at the University of Western Ontario. You can follow and tweet her at @spattersearch. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

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Mostafa Hussein, "Hebrew Orientalism: Jewish Engagement with Arabo-Islamic Culture in Late Ottoman and British Palestine" (Princeton UP, 2025)

Mostafa Hussein, "Hebrew Orientalism: Jewish Engagement with Arabo-Islamic Culture in Late Ottoman and British Palestine" (Princeton UP, 2025)

In the decades before the establishment of a Jewish state in 1948, native and immigrant Jews in Palestine mediated between Jewish and Arab cultures while navigating their evolving identities as settle...

1 Touko 1h 32min

Mapping Out Food and Philosophy

Mapping Out Food and Philosophy

This episode introduces a special issue on food and philosophy. Robert T. Valgenti, of Gastronomica’s Editorial Collective, talks with Andrea Borghini about the increasing attention to food within phi...

1 Touko 0s

Francisco Martínez, "The Future of Hiding: Secrecy, Infrastructure, and Ecological Memory in Estonia's Siberia" (Cornell UP, 2025)

Francisco Martínez, "The Future of Hiding: Secrecy, Infrastructure, and Ecological Memory in Estonia's Siberia" (Cornell UP, 2025)

How can lives and things that are rendered invisible be crucial to identity, politics, and the future? Drawing on experimental ethnographic research in northeastern Estonia, this book offers vivid ans...

28 Huhti 54min

Rugged Individualism

Rugged Individualism

In this special student edition of High Theory, Andrew Bennett, Jo Hoffman, Kai North, and Ally Sullivan tell us about Rugged Individualism, a concept they link to Marxist theory. They made this episo...

27 Huhti 18min

Sarah Jaffe, "From the Ashes: Grief and Transformation in a World on Fire" (Bold Type Books, 2024)

Sarah Jaffe, "From the Ashes: Grief and Transformation in a World on Fire" (Bold Type Books, 2024)

From the author of Work Won't Love You Back, a stirring examination of how collective grief can ignite powerful change. Our era is one of significant and substantial loss, yet we barely have time to a...

22 Huhti 1h 7min

169* Hannah Arendt on Oases (JP)

169* Hannah Arendt on Oases (JP)

Our Recall This Buck series began by speaking with Christine Desan of Harvard Law School about how key ideas—and the actual currency, physical coins and bills— underlying the modern monetary system ge...

18 Huhti 31min

Manuel Barcia, "Pirate Imperialism: Trade, Abolition, and Global Suppression of Maritime Raiding, 1825–1870" (Yale UP, 2026)

Manuel Barcia, "Pirate Imperialism: Trade, Abolition, and Global Suppression of Maritime Raiding, 1825–1870" (Yale UP, 2026)

In the middle decades of the nineteenth century, imperial powers around the world came into direct confrontation with local resistance in the form of maritime raiding. From the Atlantic basin to the w...

18 Huhti 38min

Audrey Borowski, "Leibniz in His World: The Making of a Savant" (Princeton UP, 2026)

Audrey Borowski, "Leibniz in His World: The Making of a Savant" (Princeton UP, 2026)

Described by Voltaire as “perhaps a man of the most universal learning in Europe,” Gottfried Wilhelm Leibniz (1646–1716) is often portrayed as a rationalist and philosopher who was wholly detached fro...

17 Huhti 1h 1min

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