Irrational exuberance: hope, expectation, and cool market logic
This article examines expectation, optimism, and future-oriented affective postures in financial markets in conversation with theological debates about hope, fanaticism, and enthusiasm. I identify a tendency in economic discourse to valorize calculative and calm rationality over against emotive enth...
| Published in: | Political theology |
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| Main Author: | |
| Format: | Electronic/Print Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Routledge, Taylor and Francis Group
[2016]
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| In: |
Political theology
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| Standardized Subjects / Keyword chains: | B
Reason
/ Enthusiasm
/ Hope
/ Theology
/ Market economy
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| IxTheo Classification: | CB Christian life; spirituality FA Theology NCE Business ethics |
| Online Access: |
Volltext (doi) |
| Summary: | This article examines expectation, optimism, and future-oriented affective postures in financial markets in conversation with theological debates about hope, fanaticism, and enthusiasm. I identify a tendency in economic discourse to valorize calculative and calm rationality over against emotive enthusiasm in market behavior. In recalling the theological debates over passions and interests that proved influential at the inception of capitalism, I argue that the denigration of exuberance in economics bears genealogical links to theological condemnation of the fanatic and enthusiast in early modernity. Retrieving this theological precursor provides an analytical lens for considering the ongoing traction of the language of rationality in economics. |
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| ISSN: | 1462-317X |
| Contains: | Enthalten in: Political theology
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| Persistent identifiers: | DOI: 10.1080/1462317X.2016.1161299 |