Emotions in Finance

Booms, Busts and Uncertainty

Business & Finance, Human Resources & Personnel Management, Organizational Behavior, Nonfiction, Social & Cultural Studies, Social Science
Cover of the book Emotions in Finance by Jocelyn Pixley, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jocelyn Pixley ISBN: 9781139411875
Publisher: Cambridge University Press Publication: May 17, 2012
Imprint: Cambridge University Press Language: English
Author: Jocelyn Pixley
ISBN: 9781139411875
Publisher: Cambridge University Press
Publication: May 17, 2012
Imprint: Cambridge University Press
Language: English

Money is a promise with future benefits or dangers that are unknowable and incalculable. The financial sector is an attempt to beat uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this opportunism is shown through crisis after crisis of trust, efforts to defeat uncertainty persist. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial sector, this book argues that the only way to cope with uncertainty is by relying on emotions and values. It presents an original explanation of how booms and busts arise from internal disputes over the emotions of trust between global financial corporations. Confidence and suspicion alternate between which strategy may beat competitors and who is cheating whom. Just as the first edition warned of continuing dangers in finance's betrayal of society's trust, this new edition provides a sociological explanation of how these irrational quests for certainty contributed to the current financial crisis in the credibility of money.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Money is a promise with future benefits or dangers that are unknowable and incalculable. The financial sector is an attempt to beat uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this opportunism is shown through crisis after crisis of trust, efforts to defeat uncertainty persist. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial sector, this book argues that the only way to cope with uncertainty is by relying on emotions and values. It presents an original explanation of how booms and busts arise from internal disputes over the emotions of trust between global financial corporations. Confidence and suspicion alternate between which strategy may beat competitors and who is cheating whom. Just as the first edition warned of continuing dangers in finance's betrayal of society's trust, this new edition provides a sociological explanation of how these irrational quests for certainty contributed to the current financial crisis in the credibility of money.

More books from Cambridge University Press

Cover of the book The People's Government by Jocelyn Pixley
Cover of the book Australia's Constitution after Whitlam by Jocelyn Pixley
Cover of the book Nerve Cells and Animal Behaviour by Jocelyn Pixley
Cover of the book The Origins, History, and Future of the Federal Reserve by Jocelyn Pixley
Cover of the book The European Civil Code by Jocelyn Pixley
Cover of the book Social Movements and Protest by Jocelyn Pixley
Cover of the book Educational Foundations by Jocelyn Pixley
Cover of the book Human Rights on Trial by Jocelyn Pixley
Cover of the book Ridge Functions by Jocelyn Pixley
Cover of the book An Introduction to the Atomic and Radiation Physics of Plasmas by Jocelyn Pixley
Cover of the book Multiple Sclerosis by Jocelyn Pixley
Cover of the book Peoples' Tribunals and International Law by Jocelyn Pixley
Cover of the book Advanced Topics in Quantum Field Theory by Jocelyn Pixley
Cover of the book The Unity of Mind, Brain and World by Jocelyn Pixley
Cover of the book Politicized Justice in Emerging Democracies by Jocelyn Pixley
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy