Mark W. Geiger, "Floor Rules: Insider Culture in Financial Markets" (Yale UP, 2024)

Mark W. Geiger, "Floor Rules: Insider Culture in Financial Markets" (Yale UP, 2024)

Are financial markets lawless and irrational? It may seem that way from the outside, but for market insiders there are multiples sets of rules that they break at their peril. Official rules set by law or by the exchanges exist alongside unofficial rules, or floor rules. Between these, it is the floor rules -- the norms followed by other insiders -- that matter most. Breaking an official rule might lead to a fine or even jail. Breaking floor rules can lead to being ostracized from markets as well as social and financial ruin. In Floor Rules: Insider Culture in Financial Markets (Yale UP, 2024), Mark W. Geiger tells compelling stories of market disturbances in which insider rules played a key role. He examines the norms, customs, values, and operating modes of insiders at the center of financial markets that trade money, stocks, bonds, futures, and other financial derivatives. These core insiders are a relatively small group who govern the markets. The book tells the riveting story of Benjamin Hutchinson, who made national news for his dramatic 1888 wheat market corner in Chicago, in which he outsmarted four powerful traders who had joined to force him out of the market, survived a life-threatening physical assault on the trading floor, and almost brought down the Chicago wheat market. It also unpacks the LIBOR scandal of 2008 in which bankers in major international firms manipulated interbank loan rates to inflate their own profits at the expense of investors and at tremendous risk to the industry. Geiger analyzes the cultural history of market trading, describes the role of insiders, and suggests where this peculiar, ingrown culture is heading in an era of technological change. The book releases on October 29, the 95th anniversary of the Black Tuesday crash of 1929, the beginning of the Great Depression. Related resources: Mark Geiger's personal website and portfolio of generative AI artwork Author recommended reading: Den of Thieves by James B. Stewart Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof and Robert J. Shiller Hosted by Meghan Cochran NOTE: Kluge Fellow at the Library of Congress should have been pronounced with a hard "g" as in kloo-ghee. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

Episoder(1000)

Jennifer D. Ortegren, "Middle-Class Dharma: Gender, Aspiration, and the Making of Contemporary Hinduism" (Oxford UP, 2023)

Jennifer D. Ortegren, "Middle-Class Dharma: Gender, Aspiration, and the Making of Contemporary Hinduism" (Oxford UP, 2023)

Middle-Class Dharma: Gender, Aspiration, and the Making of Contemporary Hinduism (Oxford UP, 2023) is a contemporary ethnography of class mobility among Hindus in Udaipur, Rajasthan, India. Focusing on women in Pulan, an emerging middle-class neighborhood of Udaipur, Jennifer D. Ortegren argues that upward class mobility is not just a socio-economic process, but also a religious one. Central to Hindu women's upward class mobility is negotiating dharma, the moral and ethical groundings of Hindu worlds. As women experiment with middle-class consumer and lifestyle practices, they navigate tensions around what is possible and what is appropriate--that is, what is dharmic--as middle-class Hindu women. Ortegren shows how these women strategically align emerging middle-class desires with more traditional religious obligations in ways that enable them to generate new dharmic boundaries and religious selfhoods in the middle classes. Such transitions can be as joyful as they are difficult and disorienting. Middle-Class Dharma explores how contemporary Hindu women's everyday practices reimagine and reshape Hindu traditions. By developing dharma as an analytical category and class as a dharmic category, Ortegren pushes for expanding definitions of religion in academia, both within and beyond the study of Hinduism in South Asia. Raj Balkaran is a scholar of Sanskrit narrative texts. He teaches at the Oxford Centre for Hindu Studies and at his own virtual School of Indian Wisdom. For information see rajbalkaran.com. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

21 Sep 202340min

Scott Selberg, "Mediating Alzheimer's: Cognition and Personhood" (U Minnesota Press, 2022)

Scott Selberg, "Mediating Alzheimer's: Cognition and Personhood" (U Minnesota Press, 2022)

With no known cause or cure despite a century of research, Alzheimer's disease is a true medical mystery. In Mediating Alzheimer's: Cognition and Personhood (U Minnesota Press, 2022), Scott Selberg examines the nature of this enduring national health crisis by looking at the disease's relationship to media and representation. He shows how collective investments in different kinds of media have historically shaped how we understand, treat, and live with this disease. Selberg demonstrates how the cognitive abilities that Alzheimer's threatens--memory, for example--are integrated into the operations of representational technologies, from Polaroid photographs to Post-its to digital artificial intelligence. Focusing on a wide variety of media technologies, such as neuroimaging, art therapy, virtual reality, and social media, he shows how these cognitively oriented media ultimately help define personhood for people with Alzheimer's. Media have changed the practices of successful aging in the United States, and Selberg takes us deep into how technologies like digital brain-training and online care networks shape ideas of cognition and healthy aging. Packed with startlingly fresh insights, Mediating Alzheimer's contributes to debates around bioethics, the labor of caregiving, and a national economy increasingly invested in communication and digital media. Probing the very technologies that promise to save and understand our brains, it gives us new ways of understanding Alzheimer's disease and aging in America. Shu Wan is currently matriculated as a doctoral student in history at the University at Buffalo. As a digital and disability historian, he serves in the editorial team of Digital Humanities Quarterly and Nursing Clio. On Twitter: @slissw. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

21 Sep 202345min

Lipika Pelham, "Passing: An Alternative History of Identity" (Oxford UP, 2021)

Lipika Pelham, "Passing: An Alternative History of Identity" (Oxford UP, 2021)

A slave woman in 1840s America dresses as a white, disabled man to escape to freedom, while a twenty-first-century black rights activist is 'cancelled' for denying her whiteness. A Victorian explorer disguises himself as a Muslim in Arabia's forbidden holy city. A trans man claiming to have been assigned male at birth is exposed and murdered by bigots in 1993. Today, Japanese untouchables leave home and change their name. All of them have "passed," performing or claiming an identity that society hasn't assigned or recognized as theirs. For as long as we've drawn lines describing ourselves and each other, people have naturally fallen or deliberately stepped between them. What do their stories--in life and in art--tell us about the changing meanings of identity? About our need for labels, despite their obvious limitations? In Passing: An Alternative History of Identity (Oxford UP, 2021), Lipika Pelham reflects on tales of fluidity and transformation, including her own. From Pope Joan to Parasite, Brazil to Bangladesh, London to Liberia, Passing is a fascinating, timely history of the self. Katrina Anderson is a doctoral candidate at the University of Delaware. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

20 Sep 20233h 14min

Kevin Funk, "Rooted Globalism: Arab–Latin American Business Elites and the Politics of Global Imaginaries" (Indiana UP, 2022)

Kevin Funk, "Rooted Globalism: Arab–Latin American Business Elites and the Politics of Global Imaginaries" (Indiana UP, 2022)

Triumphant capitalism has in our time engendered a new global class that lives and works in a borderless world, beyond the reach of national politics or sovereign power. Or has it? In Rooted Globalism: Arab-Latin American Business Elites and the Politics of Global Imaginaries (Indiana University Press, 2022), Kevin Funk challenges the commonsensical view that today members of a global capitalist class have little or no need of national loyalty. Teasing the global apart from the transnational and de-national, Funk delineates a global capitalist ideal type, which he adopts as a heuristic for study of Arab-Latin American business elites. Through relational interviews he shows that global capitalism’s ostensible new class might be more rooted in place than either those who champion its achievements or who reluctantly take its existence for granted would have us believe. Evidence of a global capitalist class consciousness, he explains on this episode of New Books in Interpretive Political and Social Science, is hard to find. This is happy news, for two reasons. First, if business elites are subject to national politics after all then they can be taxed and regulated. Second, if global capitalism is less hegemonic and more fragmented than both its cheerleaders and critics say it is then it is vulnerable — not only to nativism and anti-globalism, but more optimistically to a different type of globalism from the one currently represented in airport terminals and business magazines. And if global capitalism is vulnerable then another globalism is possible. Nick Cheesman is associate professor in the Department of Political and Social Change, Australian National University where he co-convenes the Interpretation, Method, Critique network; and, a committee member of the Interpretive Methodologies and Methods group of the American Political Science Association. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

20 Sep 202355min

Dana Berkowitz et al. ed., "Male Femininities" (NYU Press, 2023)

Dana Berkowitz et al. ed., "Male Femininities" (NYU Press, 2023)

Innovative essays that explore how men perform femininity and what femininity looks like without women What counts as “male femininity”? Is it simply men behaving in effeminate ways or is it the absence of masculinity? Male Femininities (NYU Press, 2023) presents a nuanced, critical collection of essays that highlight the extent to which male femininities are neither an imitation of femaleness nor an emptying of masculinity. These innovative essays focus on both gay and straight men, and transmasculine and genderqueer people in their construction and performance of femininity, thereby revealing the possibilities that open up when we critically examine femininity without women. Male Femininities asks, What does femininity look like for men? The contributors—highly regarded scholars and rising stars—cover a range of topics, including drag queens, cosmetic enhancements, trans fertility, and gender-non-conforming childhoods. Male Femininities illuminates what happens when we decouple femininity from female bodies and how even the smallest cracks and fissures in the normative order can disrupt, challenge, and in some cases reaffirm our existing sex-gender regime. This volume pluralizes the concept of male femininities and leads readers through an exploration of how gender, sex, and sexuality are manifested in the United States today. Isabel Machado is a cultural historian whose work often crosses national and disciplinary boundaries. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

20 Sep 202345min

Moisés Kopper, "Architectures of Hope: Infrastructural Citizenship and Class Mobility in Brazil's Public Housing" (U Michigan Press, 2022)

Moisés Kopper, "Architectures of Hope: Infrastructural Citizenship and Class Mobility in Brazil's Public Housing" (U Michigan Press, 2022)

Moisés Kopper's Architectures of Hope: Infrastructural Citizenship and Class Mobility in Brazil's Public Housing (U Michigan Press, 2022) examines how communal idealism, electoral politics, and low-income consumer markets made first-time homeownership a reality for millions of low-income Brazilians over the last ten years. Drawing on a five-year-long ethnography among city planners, architects, street-level bureaucrats, politicians, market and bank representatives, community leaders, and past, present, and future beneficiaries, Moisés Kopper tells the story of how a group of grassroots housing activists rose from oblivion to build a model community. He explores the strategies set forth by housing activists as they waited and hoped for—and eventually secured—homeownership through Minha Casa Minha Vida’s public-private infrastructure. By showing how these efforts coalesced in Porto Alegre—Brazil’s once progressive hotspot—he interrogates the value systems and novel arrangements of power and market that underlie the country’s post-neoliberal project of modern and inclusive development. By chronicling the making and remaking of material hope in the aftermath of Minha Casa Minha Vida, Architectures of Hope reopens the future as a powerful venue for ethnographic inquiry and urban development. Moisés Kopper is Research Professor at the Institute of Development Policy, University of Antwerp. Alize Arıcan is a Society of Fellows Postdoctoral Scholar at Boston University and an incoming Assistant Professor of Anthropology at CUNY—City College, focusing on urban life, futurity, care, and migration. You can find her on Twitter @alizearican. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

19 Sep 202350min

Tanya Maria Golash-Boza, "Before Gentrification: The Creation of DC's Racial Wealth Gap" (U California Press, 2023)

Tanya Maria Golash-Boza, "Before Gentrification: The Creation of DC's Racial Wealth Gap" (U California Press, 2023)

This book shows how a century of redlining, disinvestment, and the War on Drugs wreaked devastation on Black people and paved the way for gentrification in Washington, DC. In Before Gentrification: The Creation of DC's Racial Wealth Gap (U California Press, 2023), Tanya Maria Golash-Boza tracks the cycles of state abandonment and punishment that have shaped the city, revealing how policies and policing work to displace and decimate the Black middle class. Through the stories of those who have lost their homes and livelihoods, Golash-Boza explores how DC came to be the nation's "murder capital" and incarceration capital, and why it is now a haven for wealthy White people. This troubling history makes clear that the choice to use prisons and policing to solve problems faced by Black communities in the twentieth century--instead of investing in schools, community centers, social services, health care, and violence prevention--is what made gentrification possible in the twenty-first. Before Gentrification unveils a pattern of anti-Blackness and racial capitalism in DC that has implications for all US cities. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

19 Sep 202348min

Takeo Rivera, "Model Minority Masochism: Performing the Cultural Politics of Asian American Masculinity" (Oxford UP, 2022)

Takeo Rivera, "Model Minority Masochism: Performing the Cultural Politics of Asian American Masculinity" (Oxford UP, 2022)

There are few grand narratives that loom over Asian Americans more than the “model minority.” While many Asian Americanist scholars and activists aim to disprove the model minority as “myth,” author Takeo Rivera instead rethinks the model minority as cultural politics. Rather than disproving the model minority, Rivera instead argues that Asian Americans have formulated their racial and gendered subjectivities in relation to what Rivera terms “model minority masochism.” Examining hegemonic masculine Asian American cultural performance across multiple media, from literature and theater to videogames and activist archives, Rivera details two complementary forms of contemporary racial masochism: a self-subjugating masochism which embraces the model minority, and its opposite, a self-flagellating masochism that punishes oneself for having been associated with the model minority at all. Listen in as we discuss his book Model Minority Masochism: Performing the Cultural Politics of Asian American Masculinity (Oxford UP, 2022) Julia H. Lee is professor of Asian American Studies at the University of California, Irvine. She is the author of three books: Interracial Encounters: Reciprocal Representations in African and Asian American Literatures, 1896-1937 (New York University Press, 2011), Understanding Maxine Hong Kingston (University of South Carolina Press, 2018), and The Racial Railroad (New York University Press, 2022). With Professor Josephine Lee, she is co-editor of Asian American Literature in Transition, 1850-1930 (Cambridge University Press, 2021), a Choice Outstanding Academic Title for 2022. You can find her on Twitter @thejuliahlee. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology

19 Sep 20231h 2min

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