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Conservatives Versus Wildcats: A Sociology of Financial Conflict

Conservatives Versus Wildcats: A Sociology of Financial Conflict

Hardcover

AccountingAnthropology

ISBN10: 0804785090
ISBN13: 9780804785099
Publisher: Stanford Univ Pr
Published: Apr 3 2013
Pages: 312
Weight: 1.21
Height: 0.83 Width: 6.06 Depth: 9.32
Language: English

For decades, the banking industry seemed to be a Swiss watch, quietly ticking along. But the recent financial crisis hints at the true nature of this sector. As Simone Polillo reveals in Conservatives Versus Wildcats, conflict is a driving force.

Conservative bankers strive to control money by allying themselves with political elites to restrict access to credit. Barriers to credit create social resistance, so rival bankers--wildcats--attempt to subvert the status quo by using money as a tool for breaking existing boundaries. For instance, wildcats may increase the circulation of existing currencies, incorporate new actors in financial markets, or produce altogether new financial instruments to create change.

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Anthropology