Journal Articles

THE GOOD, THE BAD, AND THE UGLY: Economies of parable

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The recent financial crisis has shattered lives and spread misery far and wide. The magnitude of damage has produced the desire for the economic equivalent of a truth and reconciliation commission. Yet the efforts to get the story right have pointed as much to a crisis of narrative, of theory, even of facticity among the standard-bearers of monied matters, public punditry and policy self-justification. If the underlying parables by which the larger trinity of economics, politics, and culture remains undisturbed by cataclysmic events, we should wonder whether systemic shock is sufficient to re-order habits of mind. We could also worry that what is presented as an exceptional circumstance of suffering for some is the business-as-usual experience for so many who are forced to live by the market's vagaries through what are considered to be by its chief beneficiaries, both good times and bad. If there is an opportunity for cultural studies in all of this, it may lie most of all in a refusal of the neat partitions, the intellectual division of labor by which both normal times and aberrant patches are understood. Cultural studies may benefit from a supple rapprochement with the critique of political economy that yields a different account of valuation and exchange. What follows is an effort to think the condition of cultural studies in the aftermath of financial attention beyond parabolic convention.

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Detail Information

Series Title

Cultural Studies

Call Number

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Publisher

United States : 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 418 - 430

Subject(s)

Risk
Financial Crisis
Derivative
Bailout

Specific Detail Info

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