Journal Articles

MODERNITY AND COMMENSURATION: A reading of a contemporary (economic) crisis

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This piece considers the financial crisis of 2008 through the lens of the derivative, by locating both the derivative and the crisis in the broader context of post-war US conjuncture. Drawing upon the work of Marx, Postone and von Mises, I argue that the derivative can be seen as a response to the collapse of any viable logic of commensuration. Its failure has to be understood, again, in the context of broader conjunctural struggles, constituted in part by a dispersed set of crises of commensuration. In this way, I hope to offer a revised theory of conjunctural analysis as well as the beginnings of a concrete conjunctural study of post-war US society, and to begin to think about how cultural studies might 'articulate' the economic.

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Detail Information

Series Title

Cultural Studies

Call Number

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Publisher

Oxon, UK : Routledge Taylor & Francis Group., 2010

Collation

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Language

English

ISBN/ISSN

09502386

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Volume 24, Issue 3 May 2010 , pages 295 - 332

Subject(s)

modernity
Conjuncture
Derivative
Commensuration

Specific Detail Info

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Statement of Responsibility

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