Ontology of Finance Redux

Breitling, Dustin

Ontology of Finance Redux

dc.contributor.author	Breitling, Dustin
dc.date.accessioned	2024-11-28T01:59:14Z
dc.date.available	2024-11-28T01:59:14Z
dc.date.issued	2017
dc.description.abstract	“Ontology of Finance Redux” is an abridged version of Suhail Malik’s long essay “The Ontology of Finance: Price, Power, and the Arkhéderivative” published in Collapse Volume VIII Edited by Robin Mackay. Interweaving the works of Jonathan Nitzan and Shimshon Bichler, Elena Esposito and Elie Ayache, Malik provides a tour de force critique of the critique of political economy to demand an engagement with the byzantine operation of finance. The essay is an examination of the array of derivative tools and their constitutive role in hedging and speculating futures. It explains how the organizing element of ‘Capitalization’ via price renders all conceptions of temporality as a revisable, adaptable, and ultimately contingent operation. Malik’s philosophical assertion is that the traditional notions of social order and norms have always been subject to perpetual restructuring. ‘Risk-Order’as the primary ingredient of ‘capital-power’ poses a tremendous challenge not only for Marxist and neoclassic political economy but also for Left-Accelerationaism and its underlying neorational philosophies.
dc.identifier.citation	Ontology of Finance Redux. Breitling, Dustin. (2017). &&&. 19 February. pp. 1-25. (Article - Magazine; English).
dc.identifier.uri	https://hdl.handle.net/10315/42543
dc.language.iso	en
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	en
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject	capital as power
dc.subject	differential accumulation
dc.subject	derivatives
dc.subject	finance
dc.subject	instability
dc.subject	power
dc.subject	price
dc.subject	risk
dc.subject	sabotage
dc.title	Ontology of Finance Redux
dc.type	Article