EconPapers    
Economics at your fingertips  
 

Back in the bazaar: taking Pierre Bourdieu to a trading room

Olivier Godechot

Journal of Cultural Economy, 2016, vol. 9, issue 4, 410-429

Abstract: Drawing on Pierre Bourdieu's theory of aesthetic judgment, this text offers an inductive account of financial reasoning inside a trading room. Driven to maximise bank profits, trading room operators do not find ‘one best way’. Rather they choose among several possible winning strategies: mathematical arbitrage , economic analysis , chartist analysis . These strategies differ sharply from one another in their conception of the market, method, proximity to scholarly knowledge, and legitimacy. We show that the choice of one method depends on a system of tastes and distastes that are both historical -- depending on individuals’ social and educational background -- and relational -- depending on the individual's relative position within the trading room viewed as a field.

Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.1080/17530350.2015.1116461 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Back in the bazaar: taking Pierre Bourdieu to a trading room (2016) Downloads
Working Paper: Back in the bazaar: taking Pierre Bourdieu to a trading room (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jculte:v:9:y:2016:i:4:p:410-429

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJCE20

DOI: 10.1080/17530350.2015.1116461

Access Statistics for this article

Journal of Cultural Economy is currently edited by Michael Pryke, Joe Deville, Tony Bennett, Liz McFall and Melinda Cooper

More articles in Journal of Cultural Economy from Taylor & Francis Journals
Bibliographic data for series maintained by (chris.longhurst@tandf.co.uk).

 
Page updated 2024-12-29
Handle: RePEc:taf:jculte:v:9:y:2016:i:4:p:410-429