http://www.rethinkingmarkets.org/2009/02/18/a-framework-for-understanding-the-financial-crisis.html Economic Sociology from the Ground Up Fri, 30 Sep 2011 15:24:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.rethinkingmarkets.org/2009/02/18/a-framework-for-understanding-the-financial-crisis.html#comment-249 Li-Fu Kuo Thu, 23 Apr 2009 16:25:24 +0000 http://www.rethinkingmarkets.org/?p=537#comment-249 Thank you very much! Could you define originating risk? Thank you very much!
Could you define originating risk?

]]> http://www.rethinkingmarkets.org/2009/02/18/a-framework-for-understanding-the-financial-crisis.html#comment-248 Fabian Thu, 19 Feb 2009 11:30:00 +0000 http://www.rethinkingmarkets.org/?p=537#comment-248 Peter -- you employ both the term "abstract" and "abstracted". Maybe the second option (which emphasizes the idea that abstraction is an action rather than a property of objects) is more useful here (there is a comment on that in the introduction to the "Market Devices" edited volume). The usual option in the sociological critique of the economy is the first one, though, despite being a bit misleading (strangely enough, sometimes "abstract" is meant to equal "not real"). But all your three points refer to actions indeed (to increase, to reify, to package, to exacerbate) which can very well be understood as aspects of "to abstract". Peter — you employ both the term “abstract” and “abstracted”. Maybe the second option (which emphasizes the idea that abstraction is an action rather than a property of objects) is more useful here (there is a comment on that in the introduction to the “Market Devices” edited volume). The usual option in the sociological critique of the economy is the first one, though, despite being a bit misleading (strangely enough, sometimes “abstract” is meant to equal “not real”). But all your three points refer to actions indeed (to increase, to reify, to package, to exacerbate) which can very well be understood as aspects of “to abstract”.

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