Anthropologists In The Stock Exchange

Beginning with the discovery of a curious plot wherein science became the handmaiden of white-collar crime, Anthropology and the Stock Exchange by economic historian Marc Flandreau tracks a group of Victorian gentlemen-swindlers as they shuffled between the corridors of the London Stock Exchange and the meeting rooms of learned societies. It explores how the commodification of scientific truth became every bit as integral as financial engineering to the profitability of foreign investment and speculation in foreign government debt. Flandreau underscores the crucial role of finance (what he calls "the Stock Exchange Modality") in shaping the contours of human knowledge and vice versa in an age of mercantile expansion. He further argues that a new brand of imperialism, born under Benjamin Disraeli's first term as British Premier, built on the multiple covert links between the birth of social sciences and novel mechanisms of financial revenue creation and extraction. As anthropologists advocated the study of Miskito Indians or stated their views on a Jamaican Rebellion or Abyssinian Expedition, for example, they responded and catered to the impulses of the Stock Exchange. The marriage between anthropological science and finance, Flandreau asserts, formed the foundational structures of late 19th century British Imperialism, which in turn produced essential technologies of globalization.

Uncovering strange plots by early British anthropologists to use scientific status to manipulate the stock market, Anthropologists in the Stock Exchange tells a provocative story that marries the birth of the social sciences with the exploits of global finance. Marc Flandreau tracks a group of Victorian gentleman-swindlers as they shuffled between the corridors of the London Stock Exchange and the meeting rooms of learned society, showing that anthropological studies were integral to investment and speculation in foreign government debt, and, inversely, that finance played a crucial role in shaping the contours of human knowledge. Flandreau argues that finance and science were at the heart of a new brand of imperialism born during Benjamin Disraeli’s first term as Britain’s prime minister in the 1860s. As anthropologists advocated the study of Miskito Indians or stated their views on a Jamaican rebellion, they were in fact catering to the impulses of the stock exchange—for their own benefit. In this way the very development of the field of anthropology was deeply tied to issues relevant to the financial market—from trust to corruption. Moreover, this book shows how the interplay between anthropology and finance formed the foundational structures of late nineteenth-century British imperialism and helped produce essential technologies of globalization as we know it today.

In 1992, there was an explosion of 'stock fever' in Shanghai. 'From the moment I set foot in Shanghai until my last day there, people from all walks of life wanted to talk to me about the market', Ellen Hertz writes. Her 1998 study sets the stock market and its players in the context of Shanghai society, and it probes the dominant role played by the state, which has yielded a stock market very different from those of the West. A trained anthropologist, she explains the way in which investors and officials construct a 'moral storyline' to make sense of this great structural innovation, identifying a struggle between three groups of actors - the big investors, the little investors, and the state - to control the market.

This book concerns barter, a transaction in which objects are exchanged directly for one another without the use of money. Economists treat barter as an inefficient alternative to market exchange, and assume that it is normal only in 'primitive' economies or marks the breakdown of more developed exchange mechanisms. For their part, anthropologists have been more interested in the social and moral complexities of the 'gift', and treat barter dismissively as mere haggling. The authors of this collection do not accept that barter occupies a residual space between monetary and gift economies. Using accounts from different parts of the world, they aim to demonstrate that it is more than a simple and self-evident economic institution. Barter may constitute a mode of exchange with its own social characteristics occupying a specific moral space. This novel treatment of barter represents an original and topical addition to the literature on economic anthropology.

Davis (social anthropology, Oxford) presents an account of the universal practice of exchange, emphasizing the moral and symbolic order, and the meanings people invest in it. He draws on examples ranging from complex gifting systems to stock exchanges, in the Pacific, Africa, and Britain. Annotation copyright by Book News, Inc., Portland, OR

"What is anthropology? What can it tell us about the world? Why, in short, does it matter? For well over a century, cultural anthropologists have circled the globe, from Papua New Guinea to suburban England and from China to California, uncovering surprising facts and insights about how humans organize their lives and articulate their values. In the process, anthropology has done more than any other discipline to reveal what culture means--and why it matters. By weaving together examples and theories from around the world, Matthew Engelke provides a lively, accessible, and at times irreverent introduction to anthropology, covering a wide range of classic and contemporary approaches, subjects, and practitioners. Presenting a set of memorable cases, he encourages readers to think deeply about some of the key concepts with which anthropology tries to make sense of the world--from culture and nature to authority and blood. Along the way, he shows why anthropology matters: not only because it helps us understand other cultures and points of view but also because, in the process, it reveals something about ourselves and our own cultures, too." --Cover.

Global events of the early twenty-first century have placed new stress on the relationship among anthropology, governance, and war. Facing prolonged insurgency, segments of the U.S. military have taken a new interest in anthropology, prompting intense ethical and scholarly debate. Inspired by these issues, the essays in Anthropology and Global Counterinsurgency consider how anthropologists can, should, and do respond to military overtures, and they articulate anthropological perspectives on global war and power relations. This book investigates the shifting boundaries between military and civil state violence; perceptions and effects of American power around the globe; the history of counterinsurgency doctrine and practice; and debate over culture, knowledge, and conscience in counterinsurgency. These wide-ranging essays shed new light on the fraught world of Pax Americana and on the ethical and political dilemmas faced by anthropologists and military personnel alike when attempting to understand and intervene in our world.

While today’s business world is dominated by technology and data analysis, award-winning financial journalist and anthropology PhD Gillian Tett advocates thinking like an anthropologist to better understand consumer behavior, markets, and organizations to address some of society’s most urgent challenges. Amid severe digital disruption, economic upheaval, and political flux, how can we make sense of the world? Leaders today typically look for answers in economic models, Big Data, or artificial intelligence platforms. Gillian Tett points to anthropology—the study of human culture. Anthropologists learn to get inside the minds of other people, helping them not only to understand other cultures but also to appraise their own environment with fresh perspective as an insider-outsider, gaining lateral vision. Today, anthropologists are more likely to study Amazon warehouses than remote Amazon tribes; they have done research into institutions and companies such as General Motors, Nestlé, Intel, and more, shedding light on practical questions such as how internet users really define themselves; why corporate projects fail; why bank traders miscalculate losses; how companies sell products like pet food and pensions; why pandemic policies succeed (or not). Anthropology makes the familiar seem unfamiliar and vice versa, giving us badly needed three-dimensional perspective in a world where many executives are plagued by tunnel vision, especially in fields like finance and technology. “Fascinating and surprising” (Fareed Zararia, CNN), Anthro-Vision offers a revolutionary new way for understanding the behavior of organizations, individuals, and markets in today’s ever-evolving world.