Financial Speculation in Victorian Fiction

Financial Speculation in Victorian Fiction

Author: Tamara S. Wagner

Publisher:

Published: 2010

Total Pages: 232

ISBN-13: 9780814211199

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In Financial Speculation in Victorian Fiction: Plotting Money and the Novel Genre, 1815-1901, Tamara S. Wagner explores the ways in which financial speculation was imagined and turned into narratives in Victorian Britain. Since there clearly was much more to literature's use of the stock market than a mere reflection of contemporary economic crises alone, a much-needed reappraisal of the Victorians' fascination with extended fiscal plots and metaphors also asks for a close reading of the ways in which this fascination remodeled the novel genre. It was not merely that interchanges between literary productions and the credit economy's new instruments became self-consciously worked into fiction. Financial uncertainties functioned as an expression of indeterminacy and inscrutability, of an encompassing sense of instability. Bringing together canonical and still rarely discussed texts, this study analyzes the making and adaptation of specific motifs, of variously adapted tropes, extended metaphors, and recurring figures, including their transformation of a series of crises into narratives. Since these crises were often personal and emotional as well as financial, the new plots of speculation described maps of some of the major themes of nineteenth-century literature. These maps led across overlapping categories of literary culture, generating zones of intersection between otherwise markedly different subgenres that ranged from silver-fork fiction to the surprisingly protean versions of the sensation novel's domestic Gothic. Financial plots fascinatingly operated as the intersecting points in these overlapping developments, compelling a reconsideration of literary form.


Inheritance and Speculation in Victorian Fiction

Inheritance and Speculation in Victorian Fiction

Author: Noa Reich

Publisher: Rowman & Littlefield

Published: 2024-06-30

Total Pages: 241

ISBN-13: 1666938378

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Inheritance and Speculation in Victorian Fiction: Finance, Family, and the Law investigates how Victorian fiction reconfigures the narrative and social conventions of inheritance. While recent criticism has concentrated on this fiction’s engagement with newer financial forms, this book contends that Victorian novels both attest to the persistence of inheritance and reveal its unsettling affinities with speculative forms. Focusing on Emily Brontë’s Wuthering Heights (1847), Charles Dickens’s Our Mutual Friend (1864-65), Wilkie Collins’s Armadale¬ (1866), and George Eliot’s Middlemarch (1871-72), each chapter explores a recurring pattern of contrast and conflation between inheritance and financial speculation. Taking an interdisciplinary historical and formal approach, Reich shows how this pattern gives narrative shape to concerns that were also emerging in contemporary political and legal debates around succession, bequest, landed estates, and conceptions of the family. Attending to the novels’ concrete and figurative allusions to these forms as well as their tentative alternatives, Reich also illustrates how the novels’ self-reflexive subversion of both characters and readers’ expectations based on inheritance conventions challenge our modes of reading. Inheritance and Speculation thus not only illuminates the integral role played by inheritance in Victorian fiction’s mediation of the credit economy, but also offers a new understanding of the complex role of convention in this fiction.


Relational Speculation

Relational Speculation

Author: Noa Reich

Publisher:

Published: 2018

Total Pages: 0

ISBN-13:

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My dissertation offers a new entry point into Victorian fiction's well-documented concern with the credit economy by calling attention to inheritance as a mode of capitalist exchange and subject formation that, although pervasive, has been under-examined. I argue that Victorian novels interrogate the assumption that intergenerational succession is a timeless, natural institution that remains aloof from the psychic and moral dangers commonly associated with financial speculation. My detailed readings of Dickens's Our Mutual Friend (1864-5), Collins's Armadale (1866), and Eliot's Middlemarch (1871-2) demonstrate how their juxtapositions of stockjobbers and gamblers with expectant heirs and testators not only figure inheritance's alliances with finance but also uncover its intrinsically speculative logic. Through this recurring comparison, which I call "relational speculation," these novels imbricate the abstracting logics of credit, risk, and contract with the morally and affectively imbued structures of family, marriage, and property. In focusing on relational speculation, I complicate critical tendencies to view the persistence of inheritance plots in nineteenth-century novels as mere "convention" or as a kind of infrastructural holdover. Instead, I illuminate this persistence by tracing tensions in eighteenth- and nineteenth-century popular, legal, and political accounts of succession and bequest, showing how they struggle to redefine these models of intergenerational transmission both through and against the precepts of capitalism, contractual individualism, and corporate personhood. I suggest that Dickens, Collins, and Eliot foreground the paradoxes implicit in these efforts via the trope of relational speculation, which pervades their plots, figures, and modes of narration. Their novels question the speculative and corporate-like relationship these models of inheritance construct between testators and would-be heirs by depicting identity mistakes and impersonations, fantasies of posthumous ownership, fears of inherited liability, and constraining dead hands. Relational speculation thus reveals the substitutive and proleptic structures of identity, ownership, and responsibility latent to speculation and inheritance alike. Insofar as it prompts these novels both to ironize some of inheritance's key narrative conventions and to seek ways of controlling their own implicitly speculative dynamics, relational speculation ultimately plays an important role in shaping their formal as well as thematic concerns.


Realizing Capital

Realizing Capital

Author: Anna Kornbluh

Publisher: Fordham Univ Press

Published: 2014-01-20

Total Pages: 232

ISBN-13: 0823254984

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During a tumultuous period when financial speculation began rapidly to outpace industrial production and consumption, Victorian financial journalists commonly explained the instability of finance by criticizing its inherent artifice—drawing persistent attention to what they called “fictitious capital.” In a shift that naturalized this artifice, this critique of fictitious capital virtually disappeared by the 1860s, replaced by notions of fickle investor psychology and mental equilibrium encapsulated in the fascinating metaphor of “psychic economy.” In close rhetorical readings of financial journalism, political economy, and the works of Dickens, Eliot, and Trollope, Kornbluh examines the psychological framing of economics, one of the nineteenth century’s most enduring legacies, reminding us that the current dominant paradigm for understanding financial crisis has a history of its own. She shows how novels illuminate this displacement and ironize ideological metaphors linking psychology and economics, thus demonstrating literature’s unique facility for evaluating ideas in process. Inheritors of this novelistic project, Marx and Freud each advance a critique of psychic economy that refuses to naturalize capitalism.


Victorian Literature and Finance

Victorian Literature and Finance

Author: Francis O'Gorman

Publisher: Oxford University Press, USA

Published: 2007-03-22

Total Pages: 234

ISBN-13:

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This book analyses relationships between writing and the financial structures of the 19th century. What emerges is a remarkable set of imaginative connections between literature and Victorian finance, including women and the culture of investment, the profits of a media age, and the uncomfortable relationship between literary and financial capital.


The Affective Life of the Average Man

The Affective Life of the Average Man

Author: Audrey Jaffe

Publisher: Victorian Critical Interventio

Published: 2010

Total Pages: 138

ISBN-13: 9780814211151

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1What do the Victorian novel and the stock-market graph have in common? In The Affective Life of the Average Man: The Victorian Novel and the Stock-Market Graph, ,,Audrey Jaffe explores the influence on modern subjectivity of an economic and emotional discourse constructed by both the Victorian novel and the stock market. The book shows how the novel and the market define character as fundamentally vicarious, and how the graphs, tickers, and pulses that represent the stock market function for us, as the novel did for the Victorians, as both representation and source of collective expectations and emotions. A rereading of key Victorian texts, this volume is also a rereading of the relation between Victorian and contemporary culture, describing the way contemporary accounts of such phenomena as frauds, bubbles, and the economics of happiness reproduce Victorian narratives and assumptions about character. Jaffe draws on the work of nineteenth- and twentieth-century economic and political theorists, popular discourse about the stock market, and novelistic representations of emotion and identity to offer new readings of George Eliot's Middlemarch, Anthony Trollope's The Prime Minister, and Charles Dickens's David Copperfield and Little Dorrit. Charting a new understanding of the relation between money, emotions, and identity, The Affective Life of the Average Man makes a significant contribution to Victorian studies, economic criticism, and the study of the history and representation of emotion.


Victorian Literature and Finance

Victorian Literature and Finance

Author: Francis O'Gorman

Publisher: Oxford University Press, USA

Published: 2007-03-22

Total Pages: 216

ISBN-13: 0199281920

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This book analyses relationships between writing and the financial structures of the 19th century. What emerges is a remarkable set of imaginative connections between literature and Victorian finance, including women and the culture of investment, the profits of a media age, and the uncomfortable relationship between literary and financial capital.


Women, Literature and Finance in Victorian Britain

Women, Literature and Finance in Victorian Britain

Author: Nancy Henry

Publisher: Springer

Published: 2018-08-30

Total Pages: 288

ISBN-13: 3319943316

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Women, Literature and Finance in Victorian Britain: Cultures of Investment defines the cultures that emerged in response to the democratization of the stock market in nineteenth-century Britain when investing provided access to financial independence for women. Victorian novels represent those economic networks in realistic detail and are preoccupied with the intertwined economic and affective lives of characters. Analyzing evidence about the lives of real investors together with fictional examples, including case studies of four authors who were also investors, Nancy Henry argues that investing was not just something women did in Victorian Britain; it was a distinctly modern way of thinking about independence, risk, global communities and the future in general.