By Joseph Vogl
"The marketplace is familiar with best": it is a secular model of Adam Smith's religion within the market's "invisible hand," his financial interpretation of eighteenth-century providentialist theodicy, which consequently hardened into an "oikodicy," an unquestioning trust within the self-regulating beneficence of marketplace forces. Vogl exhibits that monetary concept, assisted by means of mathematical modeling and electronic expertise, itself operates as a "hidden hand," pushing fiscal fact into unknown territory. He demanding situations monetary theorists to maneuver past the neoclassical paradigm to figure the genuine contours of the present epoch of economic convulsions.
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Extra info for The Specter of Capital (Cultural Memory in the Present)
The Specter of Capital (Cultural Memory in the Present) by Joseph Vogl