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The Sovereignty Effect: Markets and Power in the Economic Regime

The Sovereignty Effect: Markets and Power in the Economic Regime The Sovereignty Effect Markets and Power in the Economic Regime joseph vogl Translated by William Callison The two parts of this essay revolve around a few dramas in the contemporary economy of finance. Part 1 will raise the question of the extent to which knowledge of the financial economy is a dangerous kind of knowledge, as it not only failed to predict the last crisis but, if anything, co-produced it. Part 2 will look more precisely at the organization of power in the financial-economic regime. At issue here will be the figure of an emergency politics that takes hold in the gray area between political structures and economic dynamics. Part 1: The Strange Survival of Theodicy in the Economy For six years now we've been good inhabitants of crisis [Krisenbewohner], and good inhabitants of crisis we shall continue to be. And so thoroughly have we habituated ourselves to the so-called financial and economic crisis that it is perhaps worth recalling what has happened in the last six years, which phases this crisis has passed through, and which movements of escalation were connected to it. So let's recall. It all began with a private debt crisis--that is, qui parle http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qui Parle: Critical Humanities and Social Sciences University of Nebraska Press

The Sovereignty Effect: Markets and Power in the Economic Regime

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Publisher
University of Nebraska Press
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Copyright © University of Nebraska Press
ISSN
1938-8020
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Abstract

The Sovereignty Effect Markets and Power in the Economic Regime joseph vogl Translated by William Callison The two parts of this essay revolve around a few dramas in the contemporary economy of finance. Part 1 will raise the question of the extent to which knowledge of the financial economy is a dangerous kind of knowledge, as it not only failed to predict the last crisis but, if anything, co-produced it. Part 2 will look more precisely at the organization of power in the financial-economic regime. At issue here will be the figure of an emergency politics that takes hold in the gray area between political structures and economic dynamics. Part 1: The Strange Survival of Theodicy in the Economy For six years now we've been good inhabitants of crisis [Krisenbewohner], and good inhabitants of crisis we shall continue to be. And so thoroughly have we habituated ourselves to the so-called financial and economic crisis that it is perhaps worth recalling what has happened in the last six years, which phases this crisis has passed through, and which movements of escalation were connected to it. So let's recall. It all began with a private debt crisis--that is, qui parle

Journal

Qui Parle: Critical Humanities and Social SciencesUniversity of Nebraska Press

Published: Oct 9, 2014

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