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“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: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and
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