tudor queens series rebus 30th anniversary twitter katie fforde make the most of Lovereading
Search our site
The Good Daughter by Karin Slaughter Read the opening extract of the brand new Karin Slaughter book before its publication on 13/07/2017

The Everyday Life of Global Finance Saving and Borrowing in Anglo-America by Paul Langley
  

The Everyday Life of Global Finance Saving and Borrowing in Anglo-America

RRP £35.49

Synopsis

The Everyday Life of Global Finance Saving and Borrowing in Anglo-America by Paul Langley

In the US and UK, saving and borrowing routines have changed radically and become closely bound-up with the capital markets of global finance. As mutual funds have increased in popularity and pension provision has been transformed, many more individuals and households have come to invest in stocks and shares. As consumer borrowing has risen dramatically and mortgage finance has been extended to those deemed sub-prime, so the repayments of credit card holders and mortgagors have provided the basis for the issue and trading of bonds and other market instruments. The Everyday Life of Global Finance explores the unprecedented relationships that now bind society and the markets, challenging the dominant tendency to simply position recent developments in Wall Street and the City of London at the centre of contemporary finance. Grounded in literature from the sociology of finance and international political economy, drawing on the social theory of Callon, Foucault, and Latour, and informed by extensive empirical research, the book shows how global finance has become mundane and ordinary in Anglo-America. Finance is not 'out there somewhere', but is embedded in the calculative technologies and performances of reconfigured saving and borrowing networks, and is embodied through the assembly of everyday financial identities and self-disciplines. Society's new-found relationships with the financial markets are also shown, however, to be marked by stark inequalities, manifest contradictions, and political dissent. The Everyday Life of Global Finance is thus an ambitious and innovative contribution to our understanding of the contemporary financial world.

Reviews

Review from previous edition The credit crisis shows the importance of understanding how everyday saving and borrowing interact with global finance. Langley provides a thorough, sophisticated and timely analysis. Donald MacKenzie, Professor of Sociology, University of Edinburgh, and author of An Engine, Not a Camera: How Financial Models Shape Markets This is a major study of how the 'democratization of finance
in our time has worked to create new identities for savers and borrowers. It challenges us all to think again about how we understand the remaking of present day capitalism. Karel Williams, Professor of Accounting and Political Economy, University of Manchester In a major statement of the new IPE, Paul Langley demonstrates how everyday forms of saving and borrowing produce subject positions and financial identities among everyday actors that are the

'unrecognized'
constitutive elements of the global financial order. Mark Blyth, Associate Professor of Political Science, Johns Hopkins University This is an undeniably important and timely book. We are at a moment of significant change and uncertainty within the Anglo

-American financial system within which many of us are irrevocably entangled due to our everyday roles as borrowers and/or savers. Langley reveals with skill and insight how we have arrived at this particular financial and political conjuncture and, in doing so, provides an important resource to help determine where we may be headed. Andrew Leyshon, Professor of Economic Geography, University of Nottingham


About the Author

Paul Langley is a political economist at the Division of Politics and History, Northumbria University, UK. While his principal research focus is on finance and the financial markets, Paul has also published on issues such as globalization, civil society, and environmental governance. He is author of World Financial Orders (Routledge, 2002), and his work has appeared in journals such as Competition and Change, Cultural Critique, Environment and Planning D, Global Networks, Review of International Political Economy, and Review of International Studies. Paul is also presently serving as Convenor of the British International Studies Association's (BISA) International Political Economy Group (IPEG).

More books by this author
Author 'Like for Like' recommendations

Loading other formats...

Book Info

Publication date

12th November 2009

Author

Paul Langley

More books by Paul Langley
Author 'Like for Like'
    recommendations

Publisher

Oxford University Press

Format

Paperback
316 pages

Categories

Political economy
Credit & credit institutions

ISBN

9780199573967

The best new books on the market, reviewed honestly, to give your readers the best choices.

Julie Cook

Lovereading has all the new books and also suggestions for 'similar' authors whilst waiting for your favourites new books.

Carol Peace

Lovereading helps me decide what real people read.

Kerry Bridges

You'll always find what you never knew you were looking for and you're always spoilt for choice.

Helen Jones

Ever purchased a book, read a few pages & thought I'm not going to enjoy this? Honest book reviews mean you'll never have that problem again

Jill Peters

If you LOVE reading then you will love LOVEREADING! It's a 'novel' idea. Seriously though I could not recommend them enough.

Rebecca Whymark

It has opened my eyes to different authors and genres. Just log on and try, you will be surprised and not want for reading material again.

Jocelyn Garvey

Insightful reader reviews and unbiased recommendations. I don't know how I chose books before Lovereading! An essential for all book lovers.

Sarah Harper

Lovereading4kids

Lovereading4schools