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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Tales from Albarado

Tales from Albarado

Hardcover

Personal FinanceAnthropologyTrue Crime

ISBN10: 150175033X
ISBN13: 9781501750335
Publisher: Cornell Univ Pr
Published: Aug 15 2020
Pages: 216
Weight: 1.08
Height: 0.63 Width: 6.00 Depth: 9.00
Language: English

Tales from Albarado revisits times of excitement and loss in early 1990s Albania, in which about a dozen pyramid firms collapsed and caused the country to fall into anarchy and a near civil war. To gain a better understanding of how people from all walks of life came to invest in these financial schemes and how these schemes became intertwined with everyday transactions, dreams, and aspirations, Smoki Musaraj looks at the materiality, sociality, and temporality of financial speculations at the margins of global capital. She argues that the speculative financial practices of the schemes were enabled by official financial infrastructures (such as the postsocialist free-market reforms), by unofficial economies (such as transnational remittances), as well as by historically specific forms of entrepreneurship, transnational social networks, and desires for a European modernity. Overall, these granular stories of participation in the Albanian schemes help understand neoliberal capitalism as a heterogeneous economic formation that intertwines capitalist and noncapitalist forms of accumulation and investment.

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