• The Social Life of Financial Derivatives: Markets, Risk, and Time

    Pages: 424
    Sales/Territorial Rights: World
  • Cloth: $104.95 - In Stock
  • Paperback: $29.95 - In Stock
  • Quantity
  • Add To Bag
  • Acknowledgments  ix
    Prefacing a Theory of the Derivative  1
    1. Originating the Derivative  27
    2. Social Theory and the Market for the Production of Financial Knowledge  81
    3. Outline of a Social Theory of Finance  116
    4. Temporality and the Financial Markets  144
    5. Theorizing the Financial Markets Socially  170
    6. Rituality and the Production of Financial Markets  199
    7. The Specualtive Ethos  229
    8. The Social Habitus of Financial Work  267
    9. The Social Dimensions of Black-Scholes  304
    10. Derivatives and Wealth  336
    Notes  355
    References  389
    Index  399
  • “During the past forty years society has become increasingly financialized, driven by the growth of derivative assets and the derivative style of thinking. But the theory behind derivatives trading, though compelling in parts, leads to a practice involving ritual and magical thinking. Edward LiPuma appropriately brings an anthropologist’s eye to the role of derivatives and risk in society, providing a deep and fascinating account of how to turn derivatives’ power to the interests of the collective good.” — Emanuel Derman, author of, Models.Behaving.Badly

    "No other book engages the socialness of finance theory and market operation at so many levels and from so many different directions. And as an anthropologist and a trader there may be no one else in the world better qualified to discuss these issues than Edward LiPuma. His analysis is foundational for the study of the social in finance. A very important book." — Dick Bryan, coauthor of, Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital, and Class

  • Permission to Photocopy (coursepacks)

    If you are requesting permission to photocopy material for classroom use, please contact the Copyright Clearance Center at copyright.com;

    If the Copyright Clearance Center cannot grant permission, you may request permission from our Copyrights & Permissions Manager (use Contact Information listed below).

    Permission to Reprint

    If you are requesting permission to reprint DUP material (journal or book selection) in another book or in any other format, contact our Copyrights & Permissions Manager (use Contact Information listed below).


    Many images/art used in material copyrighted by Duke University Press are controlled, not by the Press, but by the owner of the image. Please check the credit line adjacent to the illustration, as well as the front and back matter of the book for a list of credits. You must obtain permission directly from the owner of the image. Occasionally, Duke University Press controls the rights to maps or other drawings. Please direct permission requests for these images to permissions@dukeupress.edu.
    For book covers to accompany reviews, please contact the publicity department.

    Subsidiary Rights/Foreign Translations

    If you're interested in a Duke University Press book for subsidiary rights/translations, please contact permissions@dukeupress.edu. Include the book title/author, rights sought, and estimated print run.

    Disability Requests

    Instructions for requesting an electronic text on behalf of a student with disabilities are available here.

    Rights & Permissions Contact Information

    Email: permissions@dukeupress.edu
    Email contact for coursepacks: asstpermissions@dukeupress.edu
    Fax: 919-688-4574
    Duke University Press
    Rights and Permissions
    905 W. Main Street
    Suite 18B
    Durham, NC 27701

    For all requests please include:
    1. Author's name. If book has an editor that is different from the article author, include editor's name also.
    2. Title of the journal article or book chapter and title of journal or title of book
    3. Page numbers (if excerpting, provide specifics)
    For coursepacks, please also note: The number of copies requested, the school and professor requesting
    For reprints and subsidiary rights, please also note: Your volume title, publication date, publisher, print run, page count, rights sought
  • Description

    In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.

    About The Author(s)

    Edward LiPuma is Professor of Anthropology at the University of Miami, coauthor of Financial Derivatives and the Globalization of Risk, also published by Duke University Press, and author of The Gift of Kinship: Structure and Practice in Maring Social Organization.
Explore More

Create a reading list or add to an existing list. Sign-in or register now to continue.

Contact Us

  • Duke University Press
  • 905 W. Main St. Ste 18-B
  • Durham, NC 27701
  • U.S. phone (toll-free): 888-651-0122
  • International: 1-919-688-5134
  • orders@dukeupress.edu