The Money Culture
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|Author||: Michael Lewis|
|Editor||: W. W. Norton & Company|
The classic warts-and-all portrait of the 1980s financial scene. The 1980s was the most outrageous and turbulent era in the financial market since the crash of '29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade.
|Author||: Michael Lewis|
|Editor||: Hachette UK|
'Michael Lewis is, by a long way, the most important financial writer alive today' Spectator 'As traders would say, this book is a buy' Financial Times By the author of the #1 bestseller THE BIG SHORT and the original business classic LIAR'S POKER comes the classic portrait of the 1980s financial scene. __________ The 1980s was the most outrageous and turbulent era in the financial market since the crash of '29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Solomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled that decade. In these trenchant, often hilarious, true tales we meet the colourful movers and shakers who commanded the headlines and rewrote the rules. Whether he is analysing the unsavoury details of the RJR Nabisco takeover or flaying American Express. Lewis brings to the task a wicked pen and a triumphant sense of humour __________
|Author||: Parul Bhandari|
Based on ethnographic research, this book explores the ways in which elite women use and view money in order to construct identities – of class, status, and gender. Drawing on their everyday worlds, it tracks the intricate and contested meanings they attach to money. Focusing on weddings, travel, and spirituality, Parul Bhandari delineates the entitlements and privileges as well as the obsessions and vulnerabilities that underlie the construction of class, the shaping of elite cultures, and the curating of femininity. As such, this book offers an innovative account of the interplay between money, modernity, class, and gender.
|Author||: Gilbert M. Gaul|
• A Boston Globe Best Book of 2015 • “A penetrating examination of how the elite college football programs have become ‘giant entertainment businesses that happened to do a little education on the side.’”—Mark Kram, The New York Times Two-time Pulitzer-Prize-winning journalist Gilbert M. Gaul offers a riveting and sometimes shocking look inside the money culture of college football and how it has come to dominate a surprising number of colleges and universities. Over the past decade college football has not only doubled in size, but its elite programs have become a $2.5-billion-a-year entertainment business, with lavishly paid coaches, lucrative television deals, and corporate sponsors eager to slap their logos on everything from scoreboards to footballs and uniforms. Profit margins among the top football schools range from 60% to 75%—results that dwarf those of such high-profile companies as Apple, Facebook, and Microsoft—yet thanks to the support of their football-mad representatives in Congress, teams aren’t required to pay taxes. In most cases, those windfalls are not passed on to the universities themselves, but flow directly back into their athletic departments. College presidents have been unwilling or powerless to stop a system that has spawned a wildly profligate infrastructure of coaches, trainers, marketing gurus, and a growing cadre of bureaucrats whose sole purpose is to ensure that players remain academically eligible to play. From the University of Oregon’s lavish $42 million academic center for athletes to Alabama coach Nick Saban’s $7 million paycheck—ten times what the school pays its president, and 70 times what a full-time professor there earns—Gaul examines in depth the extraordinary financial model that supports college football and the effect it has had not only on other athletic programs but on academic ones as well. What are the consequences when college football coaches are the highest paid public employees in over half the states in an economically troubled country, or when football players at some schools receive ten times the amount of scholarship awards that academically gifted students do? Billion-Dollar Ball considers these and many other issues in a compelling account of how an astonishingly wealthy sports franchise has begun to reframe campus values and distort the fundamental academic mission of our universities.
|Author||: Nicky Marsh|
|Editor||: Cambridge University Press|
The book re-reads the postmodern novel, presenting the ending of the gold standard as a moment of continuity rather than radical change.
|Author||: Michael Lewis|
|Editor||: W. W. Norton & Company|
The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years—a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.
|Author||: Michèle Lamont|
|Editor||: University of Chicago Press|
Drawing on remarkably frank, in-depth interviews with 160 successful men in the United States and France, Michèle Lamont provides a rare and revealing collective portrait of the upper-middle class—the managers, professionals, entrepreneurs, and experts at the center of power in society. Her book is a subtle, textured description of how these men define the values and attitudes they consider essential in separating themselves—and their class—from everyone else. Money, Morals, and Manners is an ambitious and sophisticated attempt to illuminate the nature of social class in modern society. For all those who downplay the importance of unequal social groups, it will be a revelation. "A powerful, cogent study that will provide an elevated basis for debates in the sociology of culture for years to come."—David Gartman, American Journal of Sociology "A major accomplishment! Combining cultural analysis and comparative approach with a splendid literary style, this book significantly broadens the understanding of stratification and inequality. . . . This book will provoke debate, inspire research, and serve as a model for many years to come."—R. Granfield, Choice "This is an exceptionally fine piece of work, a splendid example of the sociologist's craft."—Lewis Coser, Boston College
|Author||: Christian Lotz|
|Editor||: Lexington Books|
Christian Lotz argues that Immanuel Kant’s idea of a mental schematism, which gives the human mind access to a stable reality, can be interpreted as a social concept, which, using Karl Marx, the author identifies as money. Money and its “fluid” form, capital, constitute sociality in capitalism and make access to social reality possible. Money, in other words, makes life in capitalism meaningful and frames all social relations. Following Marx, Lotz argues that money is the true Universal of modern life and that, as such, we are increasingly subjected to its control. As money and capital are closely linked to time, Lotz argues that in capitalism money also constitutes past and future “social horizons” by turning both into “monetized” horizons. Everything becomes faster, global, and more abstract. Our lives, as a consequence, become more mobile, “fluid,” unstable, and precarious. Lotz presents analyses of credit, debt, and finance as examples of how money determines the meaning of future and past, imagination, and memory, and that this results in individuals becoming increasingly integrated into and dependent upon the capitalist world. This integration and dependence increases with the event of electronics industries and brain-science industries that channel all human desires towards profits, growth, and money. In this way, the book offers a critical extension of Theodor Adorno’s analysis of exchange and the culture industry as the basis of modern societies. Lotz argues—paradoxically with and against Adorno—that we should return to the basic insights of Marx’s philosophy, given that the principle of exchange is only possible on the basis of more fundamental social and economic categories, such as money.
|Author||: Diane Wolfthal|
One of the first volumes to explore the intersection of economics, morality, and culture, this collection analyzes the role of the developing monetary economy in Western Europe from the twelfth to the seventeenth century. The contributors”scholars from the fields of history, literature, art history and musicology”investigate how money infiltrated every aspect of everyday life, modified notions of social identity, and encouraged debates about ethical uses of wealth. These essays investigate how the new symbolic system of money restructured religious practices, familial routines, sexual activities, gender roles, urban space, and the production of literature and art. They explore the complex ethical and theological discussions which developed because the role of money in everyday life and the accumulation of wealth seemed to contradict Christian ideals of poverty and charity, revealing a rich web of reactions to the tensions inherent in a predominately Christian, (neo)capitalist culture. Money, Morality, and Culture in Late Medieval and Early Modern Europe presents a comprehensive, multi-disciplinary assessment of the ways in which the rise of the monetary economy fundamentally affected morality and culture in Western Europe.
|Author||: Daniel Hoyer|
In Money, Culture, and Well-Being in Rome's Economic Development, 0-275 CE, Daniel Hoyer offers a new approach to explain some of the remarkable achievements of Imperial Rome
|Author||: Chris Lehmann|
|Editor||: Melville House|
A grand and startling work of American history America was founded, we’re taught in school, by the Pilgrims and other Puritans escaping religious persecution in Europe—an austere and pious lot who established a culture that remained pure and uncorrupted until the Industrial Revolution got in the way. In The Money Cult, Chris Lehmann reveals that we have it backward: American capitalism has always been entangled with religion, and so today’s megapastors, for example, aren’t an aberration—they’re as American as Benjamin Franklin. Tracing American Christianity from John Winthrop to the rise of the Mormon Church and on to the triumph of Joel Osteen, The Money Cult is an ambitious work of history from a widely admired journalist. Examining nearly four hundred years of American history, Lehmann reveals how America’s religious leaders became less worried about sin and the afterlife and more concerned with the material world, until the social gospel was overtaken by the gospel of wealth. Showing how American Christianity came to accommodate—and eventually embrace—the pursuit of profit, as well as the inescapability of economic inequality, The Money Cult is a wide-ranging and revelatory book that will make you rethink what you know about the form of American capitalism so dominant in the world today, as well as the core tenets of America itself.
|Author||: Akanmu Adebayo|
This masterful book investigates and analyzes several aspects of money among the Yoruba of Nigeria. Falola and Adebayo explore the origin, philosophy, uses, politics, and problems of acquiring and spending money in Yoruba culture. No prior book exists on this aspect of a major ethnic group in Africa with established connections with the black Diaspora in North America and the Caribbean. Conceived so that each chapter may be read individually, the volume is divided into three parts. Part 1, "Money and Its Uses," focuses on the transition from barter to cowry currency, the idealistic and pragmatic views of money, the impact of monetization on social stratification, accumulation among members of the elite, and the development of savings, banking, and credit institutions. Part 2, "Money and Its Problems," investigates the social, political, and cultural problems of money, including money-lending, theft, counterfeiting, and corruption. Part 3, "Money and Oil Economy," assesses the impact of the oil industry on the Nigerian state and examines both the positive and negative effects of oil money on Yoruba economy, society, and spending. Concluding chapters detail efforts to arrest the crisis that followed the economic slump after the oil boom and led to the adoption of the Structural Adjustment Program, and also evaluate the effects of currency devaluation on personal and communal responsibilities and social payment. Culture, Politics, and Money Among the Yoruba is timely in view of ongoing political and economic changes in Africa. It will be of interest to economists, sociologists, and African studies specialists.
|Author||: Paola Subacchi|
|Editor||: Yale University Press|
A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order When it comes to the afflictions of the global economy, almost everyone—and especially Donald Trump—is quick to point the finger of blame at the state of international trade. But what about unconstrained capital flows? Unfettered capital has resulted in a string of financial and economic crises that have left our political systems strained and dialogue corroded. The once perceived benefits of openness have been cast to the wayside and the cracks in the global order can no longer be ignored. Paola Subacchi argues that international cooperation and interdependence have become crippled. Regional restrictions will soon strengthen and a multipolar order will take shape, leading to a distinctly transformed economic landscape in which China challenges the dominance of the US dollar. Combining history, analysis, and prediction, this book provides penetrating insight into the challenges facing the international economic order.
|Author||: Sheryllynne Haggerty|
|Editor||: Liverpool University Press|
"In 1780 Richard Sheridan noted that merchants worked 'merely for money'. However, rather than being a criticism, this was recognition of the important commercial role that merchants played in the British empire at this time. Of course, merchants desiredand often made profits, but they were strictly bound by commonly-understood socio-cultural norms which formed a private-order institution of a robust business culture. In order to elucidate this business culture, this book examines the themes of risk, trust, reputation, obligation, networks and crises to demonstrate how contemporary merchants perceived and dealt with one another and managed their businesses. Merchants were able to take risks and build trust, but concerns about reputation and fulfilling obligations constrained economic opportunism. By relating these themes to an array of primary sources from ports around the British-Atlantic world, this book provides a more nuanced understanding of business culture during this period. A theme which runs throughout the book is the mercantile community as a whole and its relationship with the state. This was an important element in the British business culture of this period, although this relationship came under stress towards the end of period, forming a crisis in itself. This book argues that the business culture of the British-Atlantic mercantile community not only facilitated the conduct of day-to-day business, but also helped it to cope with short-term crises and long-term changes. This enabled the success of the British-Atlantic economy even within the context of changing geo-politics and an under-institutionalised environment. Not working 'merely for money' was a successful business model."--Back cover.
|Author||: Robert Pringle|
|Editor||: Springer Nature|
Innovation in money is just as important as innovation in any other sphere of activity; money is always a “work in progress.” In fact, history shows societies have tried out a wide diversity of monetary arrangements. Ideas about money have played key roles at crucial turning points in world history and during national histories. Recently, a new global money space has been created, a joint venture between the public and private sector. This book explores the new money society that has grown up to inhabit this new space. The book has several aims: Firstly, the book shows how beliefs about money, as well as attitudes and values towards it, have varied between societies and over time, and specifically how they have changed over the modern era. Secondly, the book shows the powerful effects that changing ideas have had on events, including wars and revolutions, recessions, booms and financial crises. Thirdly, the book recounts the creation of a global money space, dated to the last quarter of the 20th century, and explores its features. Fourthly, the book describes some characteristics of the new money society that inhabits the global money space. Fifthly, the book shows how each society, and indeed successive generations of the same society, has made its own unique arrangements to govern money – i.e. how it comes to terms with the power of money. The author argues that we need to develop a new arrangement now and suggests that we have much to learn from recent creative work in a number of fields ranging from the sociology of money to contemporary art. This approach sheds new light on a number of controversial issues, including the rise of crony capitalism, growing social divisions, currency wars, and asset price bubbles.
|Author||: Ranald C Michie|
This is an engaging study of the place occupied by the City of London within British cultural life during the Victorian and Edwardian periods. Michie uses both literary and popular novels to examine socio-economic representations during this period.
|Author||: Harry Goulbourne,Tracey Reynolds,John Solomos,Elisabetta Zontini|
Contemporary Western society is changing and, controversially, migration is often flagged up as one of the reasons why. The nature of population change challenges the conventional understandings of family forms and networks whilst multiculturalism poses challenges to our understanding of social change, families and social capital. This innovative book provides an overview of the emergence of new understandings of ethnicities, identities and family forms across a number of ethnic groups, family types, and national boundaries. Based on new empirical data from fairly distinct sets of transnational family networks in minority communities with a substantial presence in the United Kingdom – principally, Caribbean and Italian, but also drawing on others such as Indian – it examines their lived experiences and uses the concept of social capital to explore how these families manage to maintain close and meaningful links. Transnational Families discusses, explains and illustrates the substantial problems and issues confronted by communities and families, academics and policy-makers/implementers, and non-governmental organisations within a transnational world. It will be of interest to students and scholars of migration, transnationalism, families and globalisation.
|Author||: Hung Cam Thai|
|Editor||: Stanford University Press|
Every year migrants across the globe send more than $500 billion to relatives in their home countries, and this circulation of money has important personal, cultural, and emotional implications for the immigrants and their family members alike. Insufficient Funds tells the story of how low-wage Vietnamese immigrants in the United States and their poor, non-migrant family members give, receive, and spend money. Drawing on interviews and fieldwork with more than one hundred members of transnational families, Hung Cam Thai examines how and why immigrants, who largely earn low wages as hairdressers, cleaners, and other "invisible" workers, send home a substantial portion of their earnings, as well as spend lavishly on relatives during return trips. Extending beyond mere altruism, this spending is motivated by complex social obligations and the desire to gain self-worth despite their limited economic opportunities in the United States. At the same time, such remittances raise expectations for standards of living, producing a cascade effect that monetizes family relationships. Insufficient Funds powerfully illuminates these and other contradictions associated with money and its new meanings in an increasingly transnational world.