Liquidated has ratings and 43 reviews. BlackOxford said: Against ExcellenceIf you want to understand the source and the consequences of the rhetori. Book Reviews Liquidated: An Ethnography of Wall Street. Karen Ho. Durham, NC : Duke University Press, pp. $, paper. Karen Ho is a member of. In Liquidated: An Ethnography of Wall Street, Karen Ho introduces us to the culture of smartness on Wall Street—its perpetuation, its sustainability.
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The argument that I took away from this work is that in trying to explain the “every man for himself” perspective that seems liqjidated common in discussions of the economy and the workplace in the past twenty years or so, one can gain perspective by looking at how the workplace is structured for investment bankers and how that structures influences the advice they provide to their clients, the types of deals that they negotiate, and the type of short term results that are often obtained.
Or is it an intelligent way of operating in a competitive, rapidly changing global business? This book is a milestone of an increasingly sophisticated and relevant anthropology of markets and it constitutes crucial reading for both undergraduate and post-graduate students.
Built on the Johns Hopkins University Campus. The ethnographic approach works.
Instructions for requesting an electronic text on behalf of a student with disabilities are available here. I totally skimmed this book as any good grad student does, but I would still recommend this book.
Sign up for Subject Matters email updates to receive discounts, new book announcements, and more. Im a huge fan and I learned a lot. No matter how you read it, it’s unlikely you’ll ever again see financial capitalism purely through the lens of those self-congratulatory, pre adverts promoting Morgan Stanley, Merrill Lynch, Charles Schwab, et al.
My library Help Advanced Book Search. But for what it is, the book is very successful and very compelling for catching a brief period in time that will probably only differ in degree of the levels of tech for the next generation, no matter the humiliations that come about from recessions not foreseen or even caused by the financial sector.
They embody it, they instantaneously react to it, they are at its cutting edge. Goodreads helps you keep track of books you want to read. I do believe, though, this overview of a vital industry and specifically of the investment Banker that inhabits it offices and halls is extremely helpful by adding both substance and context to a largely close off culture.
Liquidated: An Ethnography of Wall Street by Karen Ho
Also, the book provides a great starting point for those teaching economic sociology, finance and accounting Must read if you are interested in economic sociology, sociology of financial markets, etc. This is also not new if you follow the industry. Jun 27, Shelley rated it it was amazing Shelves: Using the best kinds of cultural and social analysis, Karen Ho gets inside Wall Street assumptions, liqukdated them around to upend each other.
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An Ethnography of Wall Street asks many questions that those who work in the investment field should ask themselves.
Liquidated: An Ethnography of Wall Street
Elite, self-aggrandized, overworked identities are amplified in a context of literally fortune-making compensation schemes. In fact, I highly recommend this book to everyone, because it provides an in-depth look at the culture of Wall Street, an institution which has a lot liquidatted influence over our lives. Further, the bonus structure of compensation that became so prevalent in the s and by now has become near scandalous constitutes an enormous carrot for them.
Actually, even faculty of our elite schools are starting to question why so many of their graduates end up in finance. Permission ehhnography Photocopy coursepacks If you are requesting permission to photocopy material for classroom use, please contact the Copyright Clearance Center at copyright.
In a book that could be ripped from the headlines, and the musings of pundits, Karen Ho brilliantly analyzes the role of investment bankers in creating Wall Street fortunes and failures. There is a real culture of people moving around constantly, and this persistent uncertainty that you never know what will happen next so you better make all the money you can now. To ask other readers strete about Liquidatedplease sign up. Forged from a partnership between a university press and a library, Project MUSE is a trusted part of the sthnography and scholarly community it serves.
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That patient ethnographic analysis has produced a fascinating portrait that will be refreshingly novel to most bankers.
This is especially important when you consider the Media coverage of the Banking industry has been mostly superficial low-lighted by catchy front page slogans, hardly beneficial to those who are seeking a more balanced understanding of an obviously complex institution.
And this, from ‘Downsizers Downsized’, ” In addition to being more liquid than the rest, Wall Street’s larger social–and market–purpose is also the necessary evil of forcing the average worker to become more liquid. No trivia or quizzes yet. Return to Book Page.
I found it rewarding to read and reflect on, a landmark in the burgeoning anthropology of money. Ho nevertheless embarked on her study in classic anthropological manner: Even accounting for abstract nuances Karen Ho repeats the understood at the cost of focus as I found myself hoping to get to the next subject repeatedly.
The recent financial crisis follows logically from the culture. Apr 17, Street Tank rated it liked it.
But it is a good and very important read, especially for those who advocate reforming Wall Street. Her wll of investment bankers in the late s, Liquidateddepicts the bravado, callousness, and contradictions that are the hallmarks of investment banking culture.