Social Avalanche: Crowds, Cities and Financial Markets

ISBN-13: 9781108733632 / Angielski / Miękka / 2020 / 290 str.

Christian Borch

Opis

A compelling account of how crowd dynamics, or social avalanches, are central to cities and financial markets. Just as urban inhabitants are prone to being caught up in the city's flux, the same dynamic can cause traders on financial exchanges and even the algorithms of present-day financial markets to be captured by the maelstrom of the market.

Recenzje

'In Social Avalanche: Crowds, Cities and Financial Markets, Christian Borch brilliantly re-reads nineteenth- and early twentieth-century social, cultural and economic theories to reveal how they identified the tensions experienced by modern individuals trying to hold themselves together in crowds that also carried them away. Borch makes new connections between denizens of cities on the verge of losing their individuality in social avalanches and algorithms running off the rails in high-frequency-driven 'Flash Crashes'. A fascinating read deeply relevant to our current era.' Robin Wagner-Pacifici, University in Exile Professor of Sociology, New School for Social Research, New York

Spis treści

Acknowledgments; List of figures; 1. Introduction: reimagining collective life; 2. Fin-de-siècle landslides; 3. Tensional individuality; 4. Social avalanches; 5. Cities; 6. Financial markets; Conclusion; Index.