”Life is a fake. All that is real are the stock prices” - Simulating Authenticity in Financial Markets

Peter Norberg ()
Additional contact information
Peter Norberg: Dept. of Business Administration, Stockholm School of Economics, Postal: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden

No 2003:15, SSE/EFI Working Paper Series in Business Administration from Stockholm School of Economics

Abstract: Technology has contributed to what Max Weber termed the disenchantment of the world. Re-enchantment is a broad tendency than has hitherto been described. This overlooked movement within post-industrial business stretches into financial markets. Presently, we observe magic, morality and narrative being allowed to enter business. Re-enchantment helps us to understand the evolution of post-modern markets, as it partly forms the present exit from industrial society.

This piece of research takes a micro-sociological interest with the mentality and culture of financial markets. It also has a macro-sociological character in dealing with the process of rationalisation in society. The article gives a contribution to theory about the evolving entertainment economy under the heading of re-enchantment.

The experience of meaning or alternatively deprivation of meaning is decisive for behaviour and interaction at work. Technology in work is vital for this. I study four important aspects of a desired re-enchantment; sense of community, expression, myth and magic, and morality.

Keywords: re-enchantment; financial markets; morality; meaning (search for similar items in EconPapers)
Pages: 39 pages
Date: 2003-12-28, Revised 2004-09-02
New Economics Papers: this item is included in nep-cbe, nep-fin, nep-fmk, nep-his, nep-hpe and nep-pke
References: Add references at CitEc
Citations:

Downloads: (external link)
http://swoba.hhs.se/hastba/papers/hastba2003_015.pdf (application/pdf)

Related works:
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:hhb:hastba:2003_015

Access Statistics for this paper

More papers in SSE/EFI Working Paper Series in Business Administration from Stockholm School of Economics The Economic Research Institute, Stockholm School of Economics, P.O. Box 6501, SE 113 83 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lundin ().