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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Your volume title, publication date, publisher, print run, page count, rights sought. Sign up for Subject Matters email updates to receive discounts, new book announcements, and more. Tosi and Jennifer M. Off LiquidatedKaren Ho punctures the aura of the abstract, all-powerful market to show how financial markets, and particularly booms and busts, are constructed. Of course, this is not really true, and actually Ho spends a lot of time on how race and gender divides are remarkably prevalent on Wall Street.

Carrier, Journal of the Royal Anthropological Institute. Apr 13, Chet rated it liked it. The ethnographic approach works.

The problem is that Roose had experience writing for a popular audience every day. 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.

It describes, in part, the metamorphosis of the corporation as solid entity to a lava lamp-like liquidity with emphasis on share-holder value. For one, there is this relentless competition among both individuals and firms, because the more deals one does, the better one gets paid.

Exploitation, Empowerment, and the Politics of Hard Work 73 3. It basically shows the parasitic relationship of Wall Street to Main Street and the way that they will kill off companies to make a profit, the way a parasite kills what it feeds upon. Bankers from firms such as Goldman Sachs, J. Project MUSE promotes the creation and dissemination of essential humanities and social science resources through collaboration with libraries, publishers, and scholars worldwide.


Liquidated | Duke University Press

While the topic is deeply interesting and this is a relatively accessible work for a layperson, it’s also very dry and longer ethnkgraphy seems necessary clearly, liquidates work.

Assumptions about how “the market” behaves are held as gospel, alongside a knowledge that the investment banks are “the market. And she examines the myth that stockowners and companies are best served by maximizing shareholder profits. Once recruited, bankers subscribe to a culture of overwork with one hundred hour work weeks the norm and competitive social relations. Mar 03, John Mihelic added it. And, along the way, her interviews and fieldwork offer a very revealing picture of the mind of Wall Street.

This book should be ethnotraphy by Wall Street investment bankers and corporate managers to better understand the social values and responsibilities of corporations and the role that they play in the American community.

Ho was able to take the job because of her pedigree, and she used it to build connections —she was an excellent networker, I bet she has all the hot LinkedIn connections. Nov 09, Marks54 rated it liked it. Sign-in or ethnograpyy now to continue. Jul 10, Jane S rated it it was amazing. It’s like revealing the emperor has no clothes. Ho, an anthropologist, worked for a prominent Wall Street firm in the late s and went on to conduct over one hundred in-depth interviews with investment bankers and other industry actors.

You can probably skip those and still get the main message. As an ethnography, there is insight into the culture of investment banks based on the author’s field work in the late nineties and communication with contacts since that time.


Liquidated: An Ethnography of Wall Street

This is also not new if you follow the industry. She was a graduate student in the Ivy League and she saw her peers go into the Street, so she did what any good anthropologist would do — she went native to study the flora ethngraphy fauna of Wall Street.

These are the real sources and defenders of modern American, and global, elitist culture. My library Help Advanced Book Search. Oct 06, Lewis rated it it was amazing. Ho writes the book that I think I would have written, had I been born in different circumstances. Nov 05, Melanie rated it really liked it.

Your Friends Email Address: They think or are convinced that by all this buying and selling and trading, they are making the economy more efficient by punishing corporations that are inefficient and delivering more “shareholder value. Nevertheless the elite will always be in demand. If you don’t produce or if circumstances dictate, you are permanently expendable.

Anthropology Goes to Wall Street. Please direct permission requests for these images to permissions dukeupress. You must obtain permission directly from the owner of the image.

Duke University Press, Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.