Peter Levin’s Rethinking Markets

Maligne Lake

Academic Identity

I am assistant professor of Sociology at Barnard College. My book (and my dissertation research) is a comparative study of technology and futures trading, an ethnography of open outcry and electronic traders. My current research is on how art specialists price cultural commodities, particularly how categories and commensuration work in the secondary/resale fine arts market. I teach courses in economic sociology, organizations, and gender.

Professional Identity

I occasionally consult, focusing on organizational change, the future of technology and financial markets, and environmental markets. I do strategic assessments of markets, technology and organizational design, with qualitative and quantitative components. If you are interested, please email me.

Personal Identity

I grew up outside Chicago, and went to school(s) at Wesleyan University, USC, and Northwestern University. I currently live in New York, with a partner who is a marketing manager for an educational nonprofit. I love movies, like to cook, and I can do a mean lindy swing out. I am INTP.


April 27, 2007

History of Risk

Filed under: Institutional — Peter @ 7:49 pm

Summary: An investigation into the history of risk as an economic concept and the origins of economic risk as part of the institutionalization of futures trading in the latter half of the 19th century US. Conceived with Marc Ventresca, this research shows how risk became a solution to a political (not economic) problem: how to distinguish futures trading from gambling. By using risk and hedging, members of the Chicago Board of Trade were able to make convincing arguments about the social value of futures trading. We use court cases, legislation, and expert discourses in the form of early economics writings about futures trading to show how futures went from being understood as akin to gambling, to being treated like insurance.

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