From the vault: the gold fetish
With the Republicans indulging their gold fetish, I thought this would be a good time to reprint the “currencies” section of the first chapter of my book Wall Street (Verso, 1997). The book is available for free download here. Numbers and institutional details are, of course, out of date, but the conceptual frame is as fresh as a daisy. For a psychoanalysis of money, credit, and gold, see From the vault: money and the mind, a psychoanalysis. currencies Trading in currencies is the largest and probably the oldest market of all. It used to be that the… Read More
From the vault: money and the mind, a psychoanalysis
[Related topics came up earlier today on the Facebook, so I thought I’d post this excerpt from my book Wall Street (Verso, 1996/1997). You can download the whole book for free here. For a more “economic” analysis of money and gold, see From the vault: the gold fetish.] Money, mind, and matter: a psychocultural digression Money is a kind of poetry. — Wallace Stevens (1971, p. 165) Who drinks on credit gets twice as drunk. — Turkish proverb One virtue of Keynes’s attention to psychology and sentiment is that it forces us to think about economics… Read More
LBO News from Doug Henwood 