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Finance FictionsRealism and Psychosis in a Time of Economic Crisis$
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Arne De Boever

Print publication date: 2018

Print ISBN-13: 9780823279166

Published to Fordham Scholarship Online: September 2018

DOI: 10.5422/fordham/9780823279166.001.0001

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The Financial Universe (After Meillassoux)

The Financial Universe (After Meillassoux)

Chapter:
(p.103) Four The Financial Universe (After Meillassoux)
Source:
Finance Fictions
Author(s):

Arne De Boever

Publisher:
Fordham University Press
DOI:10.5422/fordham/9780823279166.003.0005

Chapter Four draws from the work of financial journalists Scott Patterson, Michael Lewis (a former “big swinging dick” at Salomon Brothers), and scholar Frank Pasquale to think the reality of today’s economy, which is frequently characterized as a “universe”, with phenomena analogous to black holes or also the Big Bang. Not directly observable, such phenomena are known only through the study of their effects; we know those phenomena are real because their effects are real. Our knowledge of market crashes today operates in the same way, thus giving new meaning to the phrase coined by Michael Lewis and popularized by Tom Wolfe in his description of the fabled bondsman Sherman McCoy: “master of the universe” (emphasis added). The chapter brings this thought of the financial universe in dialogue with the philosophical work of Quentin Meillassoux, who proposed a speculative realism to think the kind of reality that scientists can access when they think, for example, the Big Bang.

Keywords:   black box trading, black hole, Bogost, Credit, extro-science fiction, Meillassoux, realism, science fiction and, speculative realism, Timmons

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