Overview
The financial crisis that started in 2007 is a concern for the world. Some countries are in depression and governments are desperately trying to find solutions. In the absence of thorough debate on the emotions of money, bitter disputes, hatred and āmoralizingā can be misunderstood. New Perspectives on Emotions in Finance carefully considers emotions often left unacknowledged, in order to explain the socially useful versus de-civilising, destructive, nature of money. This book offers an understanding of money that includes the possible civilising sentiments.
This interdisciplinary volume examines what is seemingly an uncontrollable, fragile world of finance and explains the āpanicsā of traders and āimmoral panicsā in banking, āconfidenceā of government and commercial decision makers, āshameā or ācynicismā of investors and asymmetries of āimpersonal trustā between finance corporations and their many publics. Money is shown to rely on this abstract trust or āfaithā, but such motivations are in crisis with āangryā conflicts over the āpower of dispositionā. Restraining influences ā on āuncivilised emotionsā and rule breaking ā need democratic consensus, due to enduring national differences in economic āsentimentsā even in ostensibly similar countries. Promising ideas for global reform are assessed from these cautionary interpretations.
Instead of one ācorrectā vision, sociologists in this book argue that corporations and global dependencies are driven by fears and normless sentiments which foster betrayal. This book is not about individuals, but habitus and market crudities. Human ānatureā or āgreedā cannot describe banks, which do not āfeelā because their motivations are not from personal psyches but organisational pressures, and are liable to switch under moneyās inevitable uncertainties. This more inclusive social science studies emotions as a crucial factor among others, to expand the informed public debate among policy makers, bankers, academics, students and the public.
This book title, New Perspectives on Emotions in Finance (The Sociology of Confidence, Fear and Betrayal), ISBN: 9781138904088, by Jocelyn Pixley, published by Taylor & Francis (March 4, 2015) is available in paperback. Our minimum order quantity is 25 copies. All standard bulk book orders ship FREE in the continental USA and delivered in 4-10 business days.
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