The Social Life of Financial Derivatives: Markets, Risk, and Time, Lipuma Edward
Автор: Lipuma, Edward Lee, Benjamin Название: Financial derivatives and the globalization of risk ISBN: 0822334186 ISBN-13(EAN): 9780822334187 Издательство: Wiley EDC Рейтинг: Цена: 4288.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives.
LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.
Описание: Translated into Japanese and published by Keio University Press as a 3-volume set. The Japanese edition features a new introduction for Japanese readers by Dr. Jiro Kokuryo, Vice President for International Affairs and Professor of Policy Studies at Keio University, and leader of the translation team. Management is a discipline that can be learned from study. A large and diverse set of academic management research, often accessible only to academics, has practical, actionable implications to help in managing an organization today. Unlocking the Ivory Tower addresses the major components of academic business literature: strategy, leadership, entrepreneurship, organizational theory, international business, innovation, and finance. Doctors Ball and LiPuma act as field guides and interpreters, bridging the divide between scholarship and practice, and distilling each research contribution into a brief outline while preserving the message of that thinker. They also provide context regarding how the particular contribution fits into the rest of the field, and how it can be applied in the real world. The result is a rich book that covers a lot of ground and provides a basis for understanding the major schools of thought in primary management fields. Today's managers are faced with responsibilities for functional and staff management, as well as developing strategies for growth, leading teams, and staying competitive in evolving industries and markets globally-the range of knowledge and skills required by corporate managers requires the breadth of readily applicable concepts present in this book. Eric and Joe have helped create, develop, and run organizations. They both have executive experience in finance, mergers and acquisitions, and entrepreneurship in international contexts. Each also has invested time publishing in academic journals and teaching business school students in different countries. These authors live in the middle ground as practical academics. Unlocking the Ivory Tower is light on anecdotes and heavy on actionable research results, making it an essential reference for both managers and students. This book can serve as an education for those who did not pursue a management degree, a refresher course for those who did, or a way to expand beyond the concepts taught in many MBA programs. In particular, Eric and Joe provide a means for managers to reassess and extend their academic knowledge in the context of their professional experience, and for management students to review the major concepts and put them into context with each other. Edited by Anna F. Doherty and Leslie F. Peters of Together Editing & Design, www.togetherediting.com.
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