Can Baboons Save Wall Street? Response to Comments on Taking the Floor
DOI:
https://doi.org/10.6092/issn.1971-8853/14773Keywords:
Management, Baboon Sociology, Actor-Network Theory, Materiality, FinanceAbstract
My response to the Comments on Taking the Floor underscores the book’s call for a balanced consideration of the social and material in the study of markets, as well as for an organizational — and not simply material, or structural — engagement with them. This form of “baboon sociology” sheds light on how market participants deal with devices that prove unfair, destabilizing, or simply inadequate to the market, and is particularly useful at a time when the dark side of information technology has become readily apparent.
References
Callon, M. (2008). Economic Markets and the Rise of Interactive Agencements: From Prosthetic Agencies to Habilitated agencies. In T.J. Pinch & R. Swedberg (Eds.), Living in a Material World: Economic Sociology Meets Science and Technology Studies (pp. 29–56). Cambridge, MA: MIT Press.
Carruthers, B.G. (2013). From Uncertainty toward Risk: The Case of Credit Ratings. Socio-Economic Review, 11(3), 525–551. https://doi.org/10.1093/ser/mws027
Chen, K.K. (2022). The Making of Organizational Researchers. Commentary on Daniel Beunza’s Taking the Floor. Sociologica, 16(1), 75–79. https://doi.org/10.6092/issn.1971-8853/14740
Dudley, W. (2014). Enhancing Financial Stability by Improving Culture in the Financial Services Industry (Speech 147). Federal Reserve Bank of New York. https://ideas.repec.org/p/fip/fednsp/147.html
Fligstein, N. (2021). The Banks Did It: An Anatomy of the Financial Crisis. Cambridge, MA: Harvard University Press.
Latour, B. (2007). Reassembling the Social: An Introduction to Actor-Network Theory. Oxford: Oxford University Press.
MacKenzie, D. (2003). Long-Term Capital Management and the Sociology of Arbitrage. Economy and Society, 32(3), 349–380. https://doi.org/10.1080/03085140303130
MacKenzie, D. (2011). The Credit Crisis as a Problem in the Sociology of Knowledge. American Journal of Sociology, 116(6), 1778–1841. https://doi.org/10.1086/659639
MacKenzie, D. (2021). Trading at the Speed of Light. Princeton, NJ: Princeton University Press.
MacKenzie, D. (2022). Baboon Sociology? Commentary on Daniel Beunza’s Taking the Floor. Sociologica, 16(1), 71–74. https://doi.org/10.6092/issn.1971-8853/14724
MacKenzie, D., & Spears, T. (2014). “The Formula That Killed Wall Street”: The Gaussian Copula and Modeling Practices in Investment Banking. Social Studies of Science, 44(3), 393–417. https://doi.org/10.1177/0306312713517157
Ossandón, J. (2022). What Does Taking the Floor Do? Commentary on Daniel Beunza’s Taking the Floor. Sociologica, 16(1), 81–86. https://doi.org/10.6092/issn.1971-8853/14706
Ossandón, J., & Pallesen, T. (2016). Testing the Provoked Economy. Journal of Cultural Economy, 9(3), 310–315. https://doi.org/10.1080/17530350.2015.1096811
Power, M. (2009). The Risk Management of Nothing. Accounting, Organizations and Society, 34(6–7), 849–855. https://doi.org/10.1016/j.aos.2009.06.001
Strum, S. & Latour, B. (1987). The Meanings of the Social. Information sur les sciences sociales, 26(4), 783–802.
Tett, G. (2009). Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. London: Hachette.
Zuboff, S. (2015). Big Other: Surveillance Capitalism and the Prospects of an Information Civilization. Journal of Information Technology, 30(1), 75–89. https://doi.org/10.1057/jit.2015.5
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Daniel Beunza
This work is licensed under a Creative Commons Attribution 4.0 International License.