The way we conceptualise the economy and ourselves as homo economicus has profound consequences for our lives. The contributions to this anthology take debates about the financial crisis, about recent austerity measures or about the Brexit referendum a step further. A common denominator of these dynamics are underlying ideas of »the economy«. Each author identifies a facet of Britain's imagined economies. They connect seemingly separate fields such as finance and fiction in order to better understand current political changes. In addition, the book offers an urgently needed interdisciplinary view on the performative power of economic thought - and in this respect moves far beyond merely British perspectives.
In a capitalist system, consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How actors assess uncertainty is a problem that economists have tried to solve through general equilibrium and rational expectations theory. Powerful as these analytical tools are, they underestimate the future’s unknowability by assuming that markets, in the aggregate, correctly forecast what is to come. Jens Beckert adds a new chapter to the theory of capitalism by demonstrating how fictional expectations drive modern economies—or throw them into crisis when the imagined futures fail to materialize. Collectively held images of how the future will unfold are critical because they free economic actors from paralyzing doubt, enabling them to commit resources and coordinate decisions even if those expectations prove inaccurate. Beckert distinguishes fictional expectations from performativity theory, which holds that predictions tend to become self-fulfilling prophecies. Economic forecasts are important not because they produce the futures they envision but because they create the expectations that generate economic activity in the first place. Actors pursue money, investments, innovations, and consumption only if they believe the objects obtained through market exchanges will retain value. We accept money because we believe in its future purchasing power. We accept the risk of capital investments and innovation because we expect profit. And we purchase consumer goods based on dreams of satisfaction. As Imagined Futures shows, those who ignore the role of real uncertainty and fictional expectations in market dynamics misunderstand the nature of capitalism.
Business Economics introduces the theory and practice of economics for non-specialist students new to the topic. This second edition of Business Economics is designed to provide a general introduction to the discipline of business economics, covering an important part of first-year studies and beyond. The new edition retains the successful structure of the previous edition but, like any good business economics text, includes new and updated case studies and examples to reflect present-day economic global realities. Suitable for introductory-level students who are seeking a comprehensive but accessible way into the subject, Business Economics is bolstered by a host of activities, review questions and further reading, making it the ideal choice for undergraduate students and lecturers.
This book examines the writings of seven English women economists from the period 1735–1811. It reveals that contrary to what standard accounts of the history of economic thought suggest, eighteenth- and early nineteenth-century women intellectuals were undertaking incisive and gender-sensitive analyses of the economy. Women’s Economic Thought in the Romantic Age argues that established notions of what constitutes economic enquiry, topics, and genres of writing have for centuries marginalised the perspectives and experiences of women and obscured the knowledge they recorded in novels, memoirs, or pamphlets. This has led to an underrepresentation of women in the canon of economic theory. Using insights from literary studies, cultural studies, gender studies, and feminist economics, the book develops a transdisciplinary methodology that redresses this imbalance and problematises the distinction between literary and economic texts. In its in-depth readings of selected writings by Sarah Chapone, Mary Wollstonecraft, Mary Hays, Mary Robinson, Priscilla Wakefield, Mary Ann Radcliffe, and Jane Austen, this book uncovers the originality and topicality of their insights on the economics of marriage, women and paid work, and moral economics. Combining historical analysis with conceptual revision, Women’s Economic Thought in the Romantic Age retrieves women’s overlooked intellectual contributions and radically breaks down the barriers between literature and economics. It will be of interest to researchers and students from across the humanities and social sciences, in particular the history of economic thought, English literary and cultural studies, gender studies, economics, eighteenth-century and Romantic studies, social history, and the history of ideas.
This volume on the term “Europe” is based on a conference that took place in the winter of 2018 at the Carl Friedrich von Siemens Foundation in Munich. Europe in its complexity, in its character of radical change and its power of fascination is of unbroken topicality. At the same time, European identity is endangered by current challenges such as populism and the rise of nationalism. The contributions to the conference address the question of the extent to which contemporary literature and also current films react to these upheavals and to what extent the talk of a crisis in Europe or European integration is perceptible in the areas of literature and film. This book is a translation of the original German 1st edition Europa im Umbruch edited by Michaela Nicole Raß and Kay Wolfinger, published by Springer-Verlag GmbH Germany, part of Springer Nature in 2020. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.
Imagining Women's Property in Victorian Fiction reframes how we think about Victorian women's changing economic rights and their representation in nineteenth-century novels. The reform of married women's property law between 1856 and 1882 constituted one of the largest economic transformations England had ever seen, as well as one of its most significant challenges to family traditions. By the end of this period, women who had once lost their common-law property rights to their husbands reclaimed their own assets, regained economic agency, and forever altered the legal and theoretical nature of wedlock by doing so. Yet in literary accounts, reforms were neither as decisive as the law implied nor limited to marriage. Legal rights frequently clashed with other family claims, and the reallocation of wealth affected far more than spouses or the marital state. Competition between wives and children is just one of many ways in which Victorian fiction suggests the perceived benefits and threats of property reform. In nineteenth-century fiction, portrayals of women's claims to ownership provide insight into the social networks forged through property transactions and also offer a lens to examine a wide range of other social matters, including testamentary practices, wills, and copyright law; economic and evolutionary models of mutuality; the twin dangers of greed and generosity; inheritance and custody rights; the economic ramifications of loyalty and family obligation; and the legacy of nineteenth-century economic practices for women today. Understanding the reform of married women's property as both an ideologically and materially substantial redistribution of the nation's wealth as well as one complicated by competing cultural traditions, this book explores the widespread ways in which women's financial agency was imagined by fiction that engages with but also diverges from the law in accounts of economic choices and transactions. Repeatedly, narratives by Austen, Dickens, Gaskell, Trollope, Eliot, and Oliphant suggest both that the law is inadequate to account for the way that property enables and disrupts relationships, and that the form of the Victorian novel - in its ability to track intimate and intricate exchanges across generations - is better suited to such tasks.
What are the imagined communities that compel men to kill or to die for an idea of a nation? This notion of nationhood had its origins in the founding of the Americas, but was then adopted and transformed by populist movements in nineteenth-century Europe. It became the rallying cry for anti-Imperialism as well as the abiding explanation for colonialism. In this scintillating, groundbreaking work of intellectual history Anderson explores how ideas are formed and reformulated at every level, from high politics to popular culture, and the way that they can make people do extraordinary things. In the twenty-first century, these debates on the nature of the nation state are even more urgent. As new nations rise, vying for influence, and old empires decline, we must understand who we are as a community in the face of history, and change.
We are in the midst of the third tectonic social transformation in human history. Our current transition toward greater forms of transnational interconnection, consumption- and finance-driven rather than production-based capitalism, digital information and cultural flows, and the attendant large-scale social and ecological consequences of these are drastically remaking our world, cultural producers from across the globe are seeking to make sense of, and provide insights into, these complex changes. Imagining Neoliberal Globalization in Contemporary World Fiction takes a broad cross-cultural approach to analyzing the literature of our increasingly transnationalized world system, considering how its key constituent features and local-level manifestations have been thematized and imaginatively seized upon by literary fiction produced from the perspective of the periphery of the capitalist world system. Textual renderings of globalization are not simply second-order approximations of it, but constitutive elements of globalization that condition how it will be understood and responded to, and so coming to terms with the narrativizations of globalization is vital scholarly work, as, among other things, it allows us to see to what extent it is currently possible to imagine alternatives to globalization’s more baleful aspects. This work will be of interest to students and scholars across a range of areas including contemporary literary/cultural studies, globalization studies, international relations, and international political economy.
Can novels contribute to the ethical lives of readers? What responsibilities might they bear in representing others? Are we ethically accountable for how we read fiction? This study takes up modern Japanese fiction and metafiction, subjects overwhelmingly ignored by Anglophone scholarship on novel ethics, to discover pioneering answers to these and other questions. Each chapter offers new readings of major works of modern Japanese literature (1880s through 1920s) that experiment with the capacity of novel narration to involve readers in ethically freighted encounters. Christopher Weinberger shows that Mori Ogai and Akutagawa Ryunosuke help to address key issues in new ethical theories today: debates about the roles that identification and empathy play in novel ethics; concerns about the representation of “otherness” and alterity in novels; divergence between cognitive and affective theories of ethics; widespread disagreement about what novel ethics obtain in the experience of reading, the effects of reading, or the form or content of novel representation; and, finally, concerns with bias and appropriation in the study of world literature. Concluding with a jump to the present, Imaginary Worlds and Real Ethics in Japanese Fiction puts on display a startling continuity between the methods of Japan's modern novel progenitors and those of novelists at the forefront of global literature today, especially Haruki Murakami. Ultimately, this book models an original approach to ethical criticism while demonstrating the relevance of modern Japanese fiction for rethinking contemporary theories of the novel.
Long before flying saucers, robot monsters, and alien menaces invaded our movie screens in the 1950s, there was already a significant but overlooked body of cinematic science fiction. Through analyses of early twentieth-century animations, comic strips, and advertising, Animating the Science Fiction Imagination unearths a significant body of cartoon science fiction from the pre-World War II era that appeared at approximately the same time the genre was itself struggling to find an identity, an audience, and even a name. In this book, author J.P. Telotte argues that these films helped sediment the genre's attitudes and motifs into a popular culture that found many of those ideas unsettling, even threatening. By binding those ideas into funny and entertaining narratives, these cartoons also made them both familiar and non-threatening, clearing a space for visions of the future, of other worlds, and of change that could be readily embraced in the post-war period.
