- List of Figures
- List of Tables
- Global Finance And Its Institutional Spaces
- Politics And Financial Markets
- Finance And Institutional Investors
- Business Groups And Financial Markets As Emergent Phenomena
- Central Banking And The Triumph Of Technical Rationality
- What is a financial market? Global markets as microinstitutional and post-traditional social forms
- Auctions And Finance
- Interactions And Decisions In Trading
- Traders And Market Morality
- The Material Sociology Of Arbitrage
- Seeing Through The Eyes Of Others: Dissonance Within And Across Trading Rooms
- Market Efficiency: A Sociological Perspective
- Financial Analysts
- Rating Agencies
- Accounting And Finance
- The International Monetary Regime And Domestic Political Economy: The Origin Of The Global Financial Crisis
- A Long Strange Trip: The State And Mortgage Securitization, 1968–2010
- Dead Pledges: Mortgaging Time And Space
- Financial Crises As Symbols And Rituals
- The Sociology Of Financial Fraud
- The Disunity Of Finance: Alternative Practices To Western Finance
- Islamic Banking And Finance: Alternative Or Façade?
- Geographies Of Finance: The State-Enterprise Clusters Of China
- The Financialization Of Art
- Historical Sociology Of Modern Finance
- Gender And Finance
- The Role Of Confidence In Finance
- Finance In Modern Economic Thought
- Financial Automation, Past, Present, And Future
Abstract and Keywords
This article considers several sets of financial practices commonly defined as alternative either by commentators or practitioners themselves. In each case, it also explores the real or potential harnessing of these alternatives into dominant financial arrangements, demonstrating the cycling in as well as the cycling out of these practices into harmonization with the dominant. That harmonization raises questions about the distinction between the alternative and the dominant, revealing both to be simultaneously socially embedded and disembedded, and raising questions about the implications of the continual ‘discovery’ of and hope for a more ‘social’ finance.
Bill Maurer is Professor of Anthropology and Law at the University of California, Irvine. His work on the anthropology of money and finance has considered the offshore financial services sector in the Caribbean islamic banking, and, most recently, mobile phone-enabled money transfer and savings services. He is the author of Recharting the Caribbean: Land, Law and Citizenship in the British Virgin Islands (1997); Pious Property: Islamic Mortgages in the United States (2006); and Mutual Life, Limited: Islamic Banking, Alternative Currencies, Lateral Reason (2005). The latter was awarded the Victor Turner Prize.
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