Liquidated has ratings and 43 reviews. BlackOxford said: Against ExcellenceIf you want to understand the source and the consequences of the rhetori. Book Reviews Liquidated: An Ethnography of Wall Street. Karen Ho. Durham, NC : Duke University Press, pp. $, paper. Karen Ho is a member of. In Liquidated: An Ethnography of Wall Street, Karen Ho introduces us to the culture of smartness on Wall Street—its perpetuation, its sustainability.
The title “Liquidated” comes from this almost messianic Wall Street cult of turning all assets “liquid” — even the people who work at these firms.
Must read if you are interested in economic sociology, sociology of financial markets, etc. That is how the banks sell themselves when they recruit — the places where the smartest people work. Jul 28, Colleen rated it it was amazing Shelves: In a provocative argument, Ho asserts that in the mind-set of investment bankers, they and their industry veritably constitute the financial market. And this, from ‘Downsizers Downsized’, ” In addition to being Best best best!
Want to Read Currently Reading Read. As an ethnography, there is insight into the culture of investment banks based on the author’s field work in the late nineties and communication with contacts since kiquidated time.
Liquidated | Duke University Press
Feb 27, Xavier Cousens rated it it was amazing. The origins of this view, Ho argues, has multiple sources. Once recruited, bankers subscribe to a culture of overwork with one hundred hour work weeks the norm and competitive social relations.
The book is not for the timid and takes a while to get going, but I am glad I read it. For book covers to accompany reviews, please contact the publicity department.
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Liquidated: An Ethnography of Wall Street
While the topic is deeply interesting and this is a relatively accessible work for a layperson, it’s also very dry and longer than seems necessary clearly, academic work. Liquidated is a meticulous interrogation of how actors socially construct and legitimize markets. Tosi and Jennifer M. Through an in-depth investigation into the everyday experiences and ideologies of Wall Street investment bankers, Ho describes how a financially dominant but highly unstable market system is understood, justified, and produced through the restructuring of corporations and the larger economy.
They are paid handsomely, with the understanding that they may be let go at any time. The view of shareholders as the real and only stakeholders of a corporation is also traced and explored, with reference to the decision in Dodge v Ford Motor Co providing a legal foundation on which much ideological lumber has been laid. In Liquidated, Karen Ho punctures the aura of the abstract, all-powerful market to show how Not much of this was terribly surprising to me, having temped at corporations, including some who bought up failing companies!
The problem is that Roose had experience writing for a popular audience every day.
It describes, in part, the metamorphosis of the It was a bit redundant and dry as are most academic booksbut I did get a really good sense of what it was like to be working in a Wall Street bank, and it was definitely worth it for that. Sometimes anthropologists have an extremely annoying way of writing so this took forever to get through, but it was worth it.
Even though I am generally skeptical of ethnographies of business firms due to their theoretical looseness and generally critical stance, I liked this book and though the author contributed to lquidated conversations about Wall Street and its influence on the broader economy.
Mangano and Martin S. In it, she looks at the prevailing orthodoxies of the natives and tries to debunk them, amongst these are shareholder value and the benefit of so many hours at your desk free food and liquifated car service help these brave souls.
That patient ethnographic analysis has produced a fascinating portrait that will be refreshingly novel to most bankers.
Based on this culture of liquidity and compensation practices tied to profligate deal-making, Wall Street investment bankers reshape corporate America in their own image. It seemed that much of what she is proposing is based luquidated her experience which I believe to be a very limited view of finance as a whole. The writing was so smooth and interesting. I’d liquidatde anyone who is even rem Sometimes anthropologists have an extremely annoying way od writing so this took forever to get through, but it was worth it.
All of this is very depressing. To see what your friends thought of this book, please sign up. It describes, in part, the metamorphosis of the corporation as solid entity to a lava lamp-like liquidity with emphasis on share-holder value. You must obtain permission directly from the owner of the image.
Like the latter, Karen Ho focuses on Wall Street.
This is also not new if you follow the industry. Investment banks thus position their own approach to change as THE reference point for corporate America, and investment bankers, the least ‘lumpy’ of workers, function as the ideal currency standard–that is, the most cash like–of employment. I do plan to follow up with her, though, and find out more because I feel certain that her theories are something that individuals both inside and outside pf finance should familiarize themselves with, reflecting on the way that our culture has changed and consciously deciding where it is we want to go from here.
I would recommend the book with the provision that skimming is OK although hard as the book is set-up in a form that promotes this practice, but it can be done. Talk about a missed opportunity! Her ethnography of investment bankers in the late s, Liquidateddepicts walp bravado, callousness, etnography contradictions that are the hallmarks of investment banking culture.