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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 Eff ect 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 fi nance. Part 1 will raise the question of the extent to which knowledge of the fi nancial 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 fi nancial- economic regime. At issue here will be the fi gure 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 [Krisen- bewohner], and good inhabitants of crisis we shall continue to be. And so thoroughly have we habituated ourselves to the so- called fi nancial 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 con- nected to it. So let’s recall. It 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
ISSN
1938-8020

Abstract

The Sovereignty Eff ect 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 fi nance. Part 1 will raise the question of the extent to which knowledge of the fi nancial 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 fi nancial- economic regime. At issue here will be the fi gure 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 [Krisen- bewohner], and good inhabitants of crisis we shall continue to be. And so thoroughly have we habituated ourselves to the so- called fi nancial 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 con- nected to it. So let’s recall. It

Journal

Qui Parle: Critical Humanities and Social SciencesUniversity of Nebraska Press

Published: Oct 9, 2014

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