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The Writing of Price

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Abstract Market Theory
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Abstract

We have arrived at an elementary definition of the market as the exclusive and univocal medium of price, and a schematic concept of price as integrally quantitative and essentially contingent. It remains to determine the precise nature of the relationship between price and the market, on the one hand, and the relationship between the market and the social on the other. The latter problematic will be treated in the second half of the book, but the first will receive, in this chapter and the next, two complementary answers: that price is inscribed, and that price is intensive. These features are doubled by determinations proper to the market conceived as a medium: the market will be defined as an inscriptive and intensive surface.

Inscription and description — The doctrine of the primacy of inscription — The thematic of inscription in mathematical formalism — Meillassoux on the empty sign — Deleuze, the sign, intensity — The threefold scene of writing — Price and statement — Recapitulation

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Notes

  1. Jacques Derrida, Of Grammatology, trans. Gayatri Chakravorty Spivak (Baltimore: Johns Hopkins University Press, 1997), 6.

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  4. In his very early piece ‘Mark and Lack’, Alain Badiou shows himself to be definitively Hilbertian on this score, since while he insists on the irreduci-bility of inscription (marks) for mathematics, these marks remain thematized in an entirely vague, even idealist, fashion. The issue of the individuation of the sign, which will be key here, remains unexamined by Badiou. It is no surprise then that Justin Clemens, in a wide-ranging comparative piece on Badiou that turns around the figure of the inscribed letter, writes the following: ‘The attentive reader will undoubtedly have noticed that […] I have never posed the question: what is a letter for Badiou? This question is unanswerable in anything but a metaphorical fashion. Letters are as close as one gets to the real […] Being is literal, as we would expect from a devotee of Lucretius and Mallarmé. Yet letters, in some radical way, must be non-phenomenal for Badiou.’ Justin Clemens, ‘Letters as the Condition of Conditions for Alain Badiou’, Communication and Cognition 36: 1–2 (2003), 94.

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© 2015 Jon Roffe

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Roffe, J. (2015). The Writing of Price. In: Abstract Market Theory. Palgrave Macmillan, London. https://doi.org/10.1057/9781137511751_4

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