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States of the Market

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Abstract

In the previous chapter, a minimal social theory was drawn from the work of Deleuze and Guattari. The essential feature of this theory was the component we have called the social surface — the intensive locus in which processes are inscribed. This will allow us to close the circle of the investigation that began with the consideration of derivatives, and to explain the nature of the relationship between the market and the social.

Keywords

Axiomatic System Social Formation Previous Chapter Hate Speech Efficient Market Hypothesis 
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Notes

  1. 9.
    Annelise Riles, Collateral Knowledge (Chicago: University of Chicago Press, 2011). Deleuze and Guattari themselves make heavy use of anthropological work in the Capitalism and Schizophrenia volumes. It seems, as a result, no less than imperative that we continue to bring to bear work in this discipline to their analyses with an eye to making ourselves equal with the contemporary situation.CrossRefGoogle Scholar
  2. 14.
    Fabien Muniesa’s work on price as sign, which we have already seen and which does not require as much by way of metaphysical commitments as the argument here does, is already more than enough to scuttle Fama’s approach, since, as he argues, there is a plurality of ways in which price ‘ensigns’. Not only is ‘the pragmatics of pricing’ (379) immensely varied, the tripartite distinction between icon, index and symbol that Muniesa draws from Peirce also fractures the presupposed unity of prices as signs that Fama’s work collects under the extremely charged term ‘reflects’. See Fabian Muniesa, ‘Market technologies and the pragmatics of prices,’ Economy and Society, 36:3 (2007), 377–95.CrossRefGoogle Scholar
  3. 18.
    Donald MacKenzie, An Engine, not a Camera (Minneapolis: MIT Press, 2008), 242.Google Scholar
  4. 19.
    Karen Knorr Cetina and Urs Bruegger, ‘Global Microfinance: The Virtual Societies of Financial Markets,’ American Journal of Sociology 107:4 (2002), 907.Google Scholar
  5. 21.
    It is due to this analysis that Henri Lefebvre’s entirely unwarranted critique of Deleuze and Guattari — that they ‘[neglect] centres and centrality; in a word the global’ (quoted in Stuart Elden, Understanding Henri Lefebvre: theory and the possible [London: Continuum, 2004], 240) — is clearly false, the product of a particularly miserly reading of the text.Google Scholar
  6. 22.
    Karl Marx, Capital: A Critique of Political Economy, Vol. 1, Part 2, edited by Friedrich Engels (New York: Cosimo, 2007), 827.Google Scholar
  7. 23.
    Pierre Clastres, Archeaology of Violence, trans. Jeanine Herman (Los Angeles: semiotext(e), 2010), 203–4.Google Scholar
  8. 25.
    The key passage are found in David Graeber, Debt: The First 5000 Years (New York: Melville, 2011), Chapter 3, ‘Primordial Debts.’ (43–72).Google Scholar

Copyright information

© Jon Roffe 2015

Authors and Affiliations

  1. 1.University of New South WalesAustralia

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