Stories of Capitalism
eBook - ePub

Stories of Capitalism

Inside the Role of Financial Analysts

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

Stories of Capitalism

Inside the Role of Financial Analysts

About this book

The financial crisis and the recession that followed caught many people off guard, including experts in the financial sector whose jobs involve predicting market fluctuations. Financial analysis offices in most international banks are supposed to forecast the rise or fall of stock prices, the success or failure of investment products, and even the growth or decline of entire national economies. And yet their predictions are heavily disputed. How do they make their forecasts—and do those forecasts have any actual value?
 
Building on recent developments in the social studies of finance, Stories of Capitalism provides the first ethnography of financial analysis. Drawing on two years of fieldwork in a Swiss bank, Stefan Leins argues that financial analysts construct stories of possible economic futures, presenting them as coherent and grounded in expert research and analysis. In so doing, they establish a role for themselves—not necessarily by laying bare empirically verifiable trends but rather by presenting the market as something that makes sense and is worth investing in. Stories of Capitalism is a nuanced look at how banks continue to boost investment—even in unstable markets—and a rare insider's look into the often opaque financial practices that shape the global economy.

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Yes, you can access Stories of Capitalism by Stefan Leins in PDF and/or ePUB format, as well as other popular books in Social Sciences & Finance. We have over one million books available in our catalogue for you to explore.

Table of contents

  1. Cover
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Acknowledgments
  6. 1 Ā· Meeting the Predictors
  7. 2 Ā· The Problem with Forecasting in Economic Theory
  8. 3 Ā· Inside Swiss Banking
  9. 4 Ā· Among Financial Analysts
  10. 5 Ā· Intrinsic Value, Market Value, and the Search for Information
  11. 6 Ā· The Construction of an Investment Narrative
  12. 7 Ā· The Politics of Circulating Narratives
  13. 8 Ā· Analysts as Animators
  14. 9 Ā· Why the Economy Needs Narratives
  15. Methodological Appendix
  16. Notes
  17. References
  18. Index