9: Other People’s Money

Author:
Restricted access
Rights and permissions Cite this chapter

Chapter 9 moves to the dotcom bubble of 1999. It introduces an autobiographical element, reflecting on the author’s own experiences as a financial journalist during this period. It then picks up the story of the founding of OFEX, a small company-focused stock exchange, which emerged from the London Stock Exchange’s own over-the-counter (OTC) rules. It highlights the role of technology in this development, centring on the Stock Exchange’s ‘non-SEAQ’ screen. The chapter concludes with an account of the growing business of financing dotcom start-ups, and the cultural circuit in which the author was active as a journalist, all of it paid for by other people’s money, or OPM.

  • Anbleyth-Evans, J. and Gilbert, P.R. (2020) ‘The oxygenation of extraction and future global ecological democracy: The City of London, the alternative investment market and oil in frontiers in Africa’, ACME: An International Journal for Critical Geographies, 19(2): 56799.

    • Search Google Scholar
    • Export Citation
  • Appleyard, B. (1986) ‘A year after the Big Bang’, The Times, 19–21 October.

  • Arcot, S., Black, J. and Owen, G. (2007) From Local to Global: The Rise of AIM as a Stock Market for Growing Companies: A Comprehensive Report Analysing the Growth of AIM, London: London School of Economics and Political Science.

    • Search Google Scholar
    • Export Citation
  • Arrighi, G. (1994) The Long Twentieth Century: Money, Power, and the Origins of Our Times, London: Verso.

  • Attard, B. (1994) ‘The jobbers of the London Stock Exchange : An oral history’, Oral History, 22(1): 438.

  • Attard, B. (2013) ‘The London Stock Exchange and the colonial market: The City, internationalization and power’, in C. Dejung and N.P. Petersson (eds) The Foundations of Worldwide Economic Integration: Power, Institutions, and Global Markets, 1850–1930, Cambridge: Cambridge University Press, Chapter 5 pp.89111

    • Search Google Scholar
    • Export Citation
  • Baker, W.E. (1984) ‘The social structure of a national securities market’, American Journal of Sociology, 89(4): 775811.

  • Bailey, A (2017) ‘The future of LIBOR’, Financial Conduct Authority, 27 July, www.fca.org.uk/news/speeches/the-future-of-libor [accessed 24 November 2021].

    • Search Google Scholar
    • Export Citation
  • Barbrook, R. and Cameron, A. (1996) ‘The Californian ideology’, Science as Culture, 6(1): 4472.

  • Baucom, I. (2005) Specters of the Atlantic: Finance Capital, Slavery, and the Philosophy of History, Durham, NC: Duke University Press.

  • BBC News (2011) ‘Father and sons boiler room scam sent to prison’, 22 August, www.bbc.co.uk/news/business-14623571 [accessed 15 August 2022].

    • Search Google Scholar
    • Export Citation
  • Bear, L. (2020) ‘Speculations on infrastructure: From colonial public works to a post-colonial global asset class on the Indian railways 1840–2017’, Economy and Society, 49(1): 4570.

    • Search Google Scholar
    • Export Citation
  • Beck, R., Bruntje, D., Dardour, A., Gajda, O., Marom, D. and Pais, I. et al (2016) ‘Introduction’, in D. Bruntje and O. Gaida (eds) Crowdfunding in Europe: State of the Art in Theory and Practice, Cham: Springer, pp 17.

    • Search Google Scholar
    • Export Citation
  • Beckert, J. (2013) ‘Imagined futures: Fictional expectations in the economy’, Theory and Society, 42(3): 21940.

  • Benke, G. (2018) ‘Humor and heuristics: Culture, genre, and economic thought in the big short’, Journal of Cultural Economy, 11(4): 30314.

    • Search Google Scholar
    • Export Citation
  • Beunza, D (2019) Taking the Floor: Models, Morals, and Management in a Wall Street Trading Room, Princeton, NJ: Princeton University Press.

    • Search Google Scholar
    • Export Citation
  • Beunza, D. and Garud, R. (2007) ‘Calculators, lemmings or frame-makers? The intermediary role of securities analysts’, The Sociological Review, 55(2): 1339.

    • Search Google Scholar
    • Export Citation
  • Beunza, D. and Stark, D. (2004) ‘Tools of the trade: The socio-technology of arbitrage in a Wall Street trading room’, Industrial and Corporate Change, 13(2): 369400.

    • Search Google Scholar
    • Export Citation
  • Beunza, D., MacKenzie, D., Millo, Y. and Pardo-Guerra, J.P. (2012) Impersonal Efficiency and the Dangers of a Fully Automated Securities Exchange, Government Office for Science Foresight Driver Review, DR11.

    • Search Google Scholar
    • Export Citation
  • Bondo Hansen, K. (2020) ‘The virtue of simplicity: On machine learning models in algorithmic trading’, Big Data & Society, 7(1), https://doi.org/10.1177/2053951720926558

    • Search Google Scholar
    • Export Citation
  • Borch, C. (2020) ‘Ten years after the flash crash, we still need to make algorithmic trading less risky. Can culture save the day?’, Socializing Finance, 6 May, https://socfinance.wordpress.com/2020/05/06/ten-years-after-the-flash-crash-we-still-need-to-make-algorithmic-trading-less-risky-can-culture-save-the-day [accessed 22 August 2022].

    • Search Google Scholar
    • Export Citation
  • Borch, C., Hansen, K.B. and Lange, A.-C. (2015) ‘Markets, bodies, and rhythms: A rhythmanalysis of financial markets from open-outcry trading to high-frequency trading’, Environment and Planning D: Society and Space, 33(6): 108097.

    • Search Google Scholar
    • Export Citation
  • Brassett, J. and Heine, F. (2020) ‘“Men behaving badly”? Representations of masculinity in post-global financial crisis cinema’, International Feminist Journal of Politics, 23(5): 76384.

    • Search Google Scholar
    • Export Citation
  • Brierley, D. (1988a) ‘DTI takes flak over Harvard’, The Sunday Times, 10 July.

  • Brierley, D. (1988b) ‘Harvard dealers turn to minister’, The Sunday Times, 18 September.

  • Brierley, D. (1988c) ‘The quest for approval that sank Harvard’, The Sunday Times, 2 October.

  • Bridgland, F. (2000) ‘Mugabe seeks hard cash from “blood diamonds”’, The Sunday Herald, 11 June, p 15.

  • Buckland, R. and Davis, E.W. (1989) The Unlisted Securities Market, Oxford: Clarendon Press.

  • Burrough, B. and Helyar, J. (2010) Barbarians at the Gate: The Fall of RJR Nabisco, New York: Random House.

  • Business Wire (2000) ‘Oryx Diamonds Ltd to be Listed on London Stock Exchange’, 6 June.

  • Carruthers, B.G. and Stinchcombe, A.L. (1999) ‘The social structure of liquidity: Flexibility, markets and states’, Theory and Society, 28: 35382.

    • Search Google Scholar
    • Export Citation
  • Carter, C.A., Rausser, G.C. and Smith, A. (2011) ‘Commodity booms and busts’, Annual Review of Resource Economics, 3: 87118.

  • Chandler, G. (1953) William Roscoe of Liverpool, London: B.T. Batsford Ltd.

  • Chen, Y.-H. and Roscoe, P. (2018) ‘Practices and meanings of non-professional stock-trading in Taiwan: A case of relational work’, Economy and Society, 46(3–4): 576600.

    • Search Google Scholar
    • Export Citation
  • Chiapello, E. (2013) ‘Capitalism and its criticisms’, in P. Du Gay and G. Morgan (eds) New Spirits of Capitalism?, Oxford: Oxford University Press, pp 6081.

    • Search Google Scholar
    • Export Citation
  • Chong, K. (2017) Best Practice: Management Consulting and the Ethics of Financialization in China, Durham, NC: Duke University Press.

  • Christophers, B. (2022) ‘The rentierization of the United Kingdom economy’, Environment and Planning A: Economy and Space, https://doi.org/10.1177/0308518X19873007

    • Search Google Scholar
    • Export Citation
  • Cisco (1993a) Newsletter, February.

  • Cisco (1993b) Newsletter, April.

  • Clemons, E.K. and Weber, B.W. (1990) ‘London’s Big Bang: A case study of information technology, competitive impact, and organizational change’, Journal of Management Information Systems, 6(4): 4160.

    • Search Google Scholar
    • Export Citation
  • Clune, M. (2014) ‘Beyond realism’, in A. Shonkwiler and L.C. La Berge (eds) Reading Capitalist Realism, Iowa City, IA: University of Iowa Press, pp 195212.

    • Search Google Scholar
    • Export Citation
  • Cornish, C. (2017) ‘Winterflood’, Financial Times, 30 April.

  • Cowell, A. (2000) ‘African Diamond concern to sell shares in London’, The New York Times, 26 May, p C2.

  • Coyle, D. (2000) ‘Following the tracks of the new economy’, The Independent, 25 April, p 14.

  • Crosthwaite, P. (2019) The Market Logics of Contemporary Fiction, Cambridge: Cambridge University Press.

  • Daily Mail Online (2018) ‘Duchess of Cornwall’s aristocratic cousin “claimed housing benefit under Brad Pitt’s Fight Club character’s name Tyler Durden and duped Highland walkers into thinking he was a doctor as he charged them for refreshments”’, 16 January, www.dailymail.co.uk/news/article-5275083/Camillas-aristocratic-cousin-claimed-housing-benefit.html [accessed 19 August 2022].

    • Search Google Scholar
    • Export Citation
  • Davis, G.F. and Kim, S. (2015) ‘Financialization of the economy’, Annual Review of Sociology, 41(1): 20321.

  • De Bondt, W. (1998) ‘A portrait of the individual investor’, European Economic Review, 42: 83144.

  • de Goede, M. (2005) Virtue, Fortune and Faith: A Genealogy of Finance, Minneapolis, MN: University of Minnesota Press.

  • de Goede, M. (2020) ‘Engagement all the way down’, Critical Studies on Security, 8(2): 10115.

  • de Long, J., Shleifer, A. and Waldman, R. (1990) ‘Positive feedback investment strategies and destabilising rational speculation’, Journal of Finance, 45(2): 37995.

    • Search Google Scholar
    • Export Citation
  • Drucker, P. (1999) Innovation and Entrepreneurship, Oxford: Butterworth.

  • Dymski, G., Hernandez, J. and Mohanty, L. (2013) ‘Race, gender, power, and the US subprime mortgage and foreclosure crisis: A meso analysis’, Feminist Economics, 19(3): 12451.

    • Search Google Scholar
    • Export Citation
  • Eadie, A. (1986) ‘OTC dealers plan exchange to rival SE’s third market’, The Times, 13 August.

  • Essick, K. (2001) ‘Guns, money and cell phones’, Global Issues, 11 June, www.globalissues.org/article/442/guns-money-and-cell-phones [accessed 22 August 2022].

    • Search Google Scholar
    • Export Citation
  • Fama, E. (1970) ‘Efficient capital markets: A review of theory and empirical work’, Journal of Finance, 25(2): 383417.

  • Fisher, M. (2009) Capitalist Realism, Ropley: Zero Books.

  • Fletcher, S. (2016) Roscoe and Italy: The Reception of Italian Renaissance History and Culture in the Eighteenth and Nineteenth Centuries, Abingdon: Routledge.

    • Search Google Scholar
    • Export Citation
  • Foley, S. (2004) ‘Spiralling losses spell crisis for OFEX’, The Independent, Business, 30 September, p 46.

  • Forsyth, F. (1996 [1974]) The Dogs of War, London: Arrow.

  • Frank, J. (2000) ‘A question of ethics’, Accountancy Age, 22 June.

  • Geiger, S. (2019) ‘Silicon valley, disruption, and the end of uncertainty’, Journal of Cultural Economy, 13(2): 16984.

  • Gerakos, J., Lang, M. and Maffett, M. (2013) ‘Post-listing performance and private sector regulation: The experience of London’s Alternative Investment Market’, Journal of Accounting and Economics, 56(2–3), Supplement 1: 189215.

    • Search Google Scholar
    • Export Citation
  • Gilbert, P.R. (2020) ‘Speculating on sovereignty:Money mining and corporate foreign policy at the extractive industry frontier’, Economy and Society, 49(1): 1644.

    • Search Google Scholar
    • Export Citation
  • Gribben, R. (2012) ‘The City 60 years ago: Bowler hats, financial feudalism and no brown shoes or Big Bang’, The Daily Telegraph, 3 June, www.telegraph.co.uk/finance/newsbysector/banksandfinance/9308913/The-City-60-years-ago-bowler-hats-financial-feudalism-and-no-brown-shoes-or-Big-Bang.html [accessed 5 October 2022].

    • Search Google Scholar
    • Export Citation
  • Grieg, C. (2019) ‘Scottish stock exchange: “Jet-set life” of boss Tomas Carruthers’, The Times, 23 November, www.thetimes.co.uk/article/scottish-stock-exchange-jet-set-life-of-boss-tomas-carruthers-j2skf9wsq [accessed 22 August 2022].

    • Search Google Scholar
    • Export Citation
  • Haiven, M. (2011) ‘Finance as capital’s imagination? Reimagining value and culture in an age of fictitious capital and crisis’, Social Text, 29(3): 93124.

    • Search Google Scholar
    • Export Citation
  • Hall, S. (2009) ‘Financialised elites and the changing nature of finance capitalism: Investment bankers in London’s financial district’, Competition & Change, 13(2): 17389.

    • Search Google Scholar
    • Export Citation
  • Hamilton, V. and Parker, M. (2016) Daniel Defoe and the Bank of England: The Dark Arts of Projectors, Ropley: Zero Books.

  • Hardie, I. and MacKenzie, D. (2007) ‘Assembling an economic actor: The agencement of a hedge fund’, The Sociological Review, 55(1): 5780.

    • Search Google Scholar
    • Export Citation
  • Harrington, B. (2007) ‘Capital and community: Findings from the American investment craze of the 1990s’, Economic Sociology, European Electronic Newsletter, 8(3): 1925.

    • Search Google Scholar
    • Export Citation
  • Harrington, B. (2008) Pop Finance: Investment Clubs and the New Investor Popularism, Princeton, NJ: Princeton University Press.

  • Hayes, A. (2021) ‘The active construction of passive investors: Roboadvisors and algorithmiclow-finance”’, Socio-Economic Review, 19(1): 83110.

    • Search Google Scholar
    • Export Citation
  • Hennessy, E. (2001) Coffee House to Cyber Market: 200 years of the London Stock Exchange, London: Ebury Press.

  • Ho, K. (2009) Liquidated: An E thnography of Wall Street, Durham, NC: Duke University Press.

  • Hochfelder, D. (2006) ‘“Where the common people could speculate: The ticker, bucket shops, and the origins of popular participation in financial markets, 1880–1920’, Journal of American History, 93: 33558.

    • Search Google Scholar
    • Export Citation
  • Hutchins, E. (1995) Cognition in the Wild, Cambridge, MA: The MIT Press.

  • Investors Chronicle (1992) ‘USM closure’, Business Notebook, 23 December.

  • Jameson, F. (1997) ‘Culture and finance capital’, Critical Inquiry, 24(1): 24665.

  • Jegadeesh, N. and Titman, S. (2001) ‘Profitability of momentum strategies’, Journal of Finance, 56: 699720.

  • Jensen, M. and Meckling, W. (1976) ‘Theory of the firm: Managerial behaviour, agency costs, and ownership structure’, Journal of Financial Economics, 3: 30560.

    • Search Google Scholar
    • Export Citation
  • Jensen, M. and Murphy, K. (1990) ‘CEO incentives – it’s not how much you pay, but how’, Harvard Business Review (May–June): 138–53.

    • Search Google Scholar
    • Export Citation
  • Judge, B. (2020) ‘27 October 1986: The City’s Big Bang’, Money Week, 27 October, https://moneyweek.com/353587/27-october-1986-the-citys-big-bang [accessed 13 October 2021].

    • Search Google Scholar
    • Export Citation
  • Kantor, J and Streitfeld, D. (2015) ‘Inside Amazon: Wrestling big ideas in a bruising workplace’, The New York Times, 15 August, www.nytimes.com/2015/08/16/technology/inside-amazon-wrestling-big-ideas-in-a-bruising-workplace.html [accessed 4 March 2022].

    • Search Google Scholar
    • Export Citation
  • Kaur, A. (2014) ‘Plantation systems, labour regimes and the state in Malaysia, 1900–2012’, Journal of Agrarian Change, 14(2): 190213.

    • Search Google Scholar
    • Export Citation
  • Kay, W. (1993) ‘Profile: Enter the man from the Pru’, The Independent, 14 November, Business p 8.

  • Kish, Z. and Leroy, J. (2015) ‘Bonded life’, Cultural Studies, 29(5–6): 63051.

  • Klinger, P. (2004) ‘Shares in Ofex dive as it fights imminent collapse’, The Times, Business, 30 September, p 53.

  • Knight, P. (2013) ‘Reading the ticker tape in the late nineteenth century American market’, Journal of Cultural Economy, 6(1): 4562.

    • Search Google Scholar
    • Export Citation
  • Knorr Cetina, K. (1999) Epistemic Cultures: How the Sciences Make Knowledge, Cambridge, MA: Harvard University Press.

  • Knorr Cetina, K. and Bruegger, U. (2000) ‘The market as an object of attachment: Exploring postsocial relations in financial markets’, Canadian Journal of Sociology, 25(2): 14168.

    • Search Google Scholar
    • Export Citation
  • Krippner, G. (2001) ‘The elusive market: Embeddedness and the paradigm of economic sociology’, Theory and Society, 30(6): 775810.

    • Search Google Scholar
    • Export Citation
  • La Berge, L.C. (2015) Scandals and Abstraction: Financial Fiction of the Long 1980s, Oxford: Oxford University Press.

  • Lamont, D. (2020) ‘Causes and consequences of the dramatic changes in ownership of the UK stock market in the past 55 years’, Schroders, In Focus, November, https://prod.schroders.com/en/sysglobalassets/digital/insights/2020/november/global-britain/2020-november-stock-market-ownership.pdf [accessed 5 October 2022].

    • Search Google Scholar
    • Export Citation
  • Langley, P. (2016) ‘Crowdfunding in the United Kingdom: A cultural economy’, Economic Geography, 92(3): 30121.

  • Latour, B. (1999) Pandora’s Hope: An Essay on the Reality of Science Studies, Cambridge, MA: Harvard University Press.

  • Latour, B. (2007) Reassembling the Social: An Introduction to Actor-Network-Theory, Oxford: Oxford University Press.

  • Latour, B. (2017) Facing Gaia: Eight Lectures on the New Climatic Regime, Cambridge: Polity Press.

  • Lefèvre, E. (1993) Reminiscences of a Stock Operator, Chichester: John Wiley & Sons.

  • Leonard, C. (1989) ‘Wilmot’s old banger; City Diary’, The Times, 12 January.

  • Levy, J.I. (2006) ‘Contemplating delivery: Futures trading and the problem of commodity exchange in the United States, 1875–1905’, The American Historical Review, 111(2): 30735.

    • Search Google Scholar
    • Export Citation
  • Lewis, M. (1989) Liar’s Poker, London: Coronet.

  • Lilley, S. and Lightfoot, G. (2006) ‘Trading narratives’, Organization, 13(3): 36991.

  • London Stock Exchange plc (2000) ‘Third response to OMX’s offer’, October.

  • MacIntyre, A. (1981) After Virtue: A Study in Moral Theory, London: Duckworth.

  • MacKenzie, D. (2006) An Engine, not a Camera: How Financial Models Shape Markets, Cambridge, MA: The MIT Press.

  • MacKenzie, D. (2009) Material Markets: How Economic Agents Are Constructed, Oxford: Oxford University Press.

  • MacKenzie, D. (2011) ‘The credit crisis as a problem in the sociology of knowledge’, American Journal of Sociology, 116(6): 1778841.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. (2015) ‘Mechanizing the Merc: The Chicago Mercantile Exchange and the rise of high-frequency trading’, Technology and Culture, 56(3): 64675.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. (2017) ‘A material political economy: Automated trading desk and price prediction in high-frequency trading’, Social Studies of Science, 47(2): 17294.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. (2018) ‘“Making”, “taking and the material political economy of algorithmic trading’, Economy and Society, 47(4): 50123.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. and Millo, Y. (2003) ‘Constructing a market, performing theory: The historical sociology of a financial derivatives exchange’, American Journal of Sociology, 109(1): 10745.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. and Pardo-Guerra, J.P. (2014) ‘Insurgent capitalism: Island, bricolage and the re-making of finance’, Economy and Society, 43(2): 15382.

    • Search Google Scholar
    • Export Citation
  • MacKenzie, D. and Spears, T. (2014) ‘“The formula that killed Wall Street: The Gaussian copula and modelling practices in investment banking’, Social Studies of Science, 44(3): 393417.

    • Search Google Scholar
    • Export Citation
  • Mellor, M. (2019) Money: Myths, Truths and Alternatives, Bristol: Policy Press.

  • Mendoza, J.M. (2008) ‘Securities regulation in low-tier listing venues: The rise of the Alternative Investment Market’, Fordham Journal of Corporate & Financial Law, 13: 257328.

    • Search Google Scholar
    • Export Citation
  • Michie, R.C. (2001) The London Stock Exchange: A History, Oxford: Oxford University Press.

  • Mining Journal, The (2000) ‘Petra’s DRC deal takes shape’, 26 May, p 418.

  • Mirowski, P. (1981) ‘The rise (and retreat) of a market: English joint stock shares in the eighteenth century’, The Journal of Economic History, 41(3): 55977.

    • Search Google Scholar
    • Export Citation
  • Monbiot, G. (2022) ‘Britain faces crisis upon crisis, and our leaders are absent. This is how a country falls apart’, The Guardian’, 10 August, www.theguardian.com/commentisfree/2022/aug/10/crisis-britain-leaders-inflation-energy-wages-conservative [accessed 18 August 2022].

    • Search Google Scholar
    • Export Citation
  • Morrison, C. (2015) ‘How Winterflood’s founder went from Freemason to gangster’, CityAM, 15 October, www.cityam.com/226688/how-the-winterflood-founder-went-from-freemason-to-gangster [accessed 5 October 2022].

    • Search Google Scholar
    • Export Citation
  • Muniesa, F. (2021) ‘Finance: Cultural or political?’, Journal of Cultural Economy, https://doi.org/10.1080/17530350.2021.1927151

  • Murphy, A. (2009) The Origins of English Financial Markets, Cambridge: Cambridge University Press.

  • Murphy, A. (2017) ‘Building trust in the financial market’, Critical Finance Studies Conference, Leicester: University of Leicester, 3–5 August.

    • Search Google Scholar
    • Export Citation
  • Murphy, A. (2019) ‘“We have been ruined by whores”: Perceptions of female involvement in the South Sea Scheme’, in C. Stefano and M. Daniel (eds) Boom, Bust, and Beyond: New Perspectives on the 1720 Stock Market Bubble, Oldenbourg: De Gruyter, pp 26184.

    • Search Google Scholar
    • Export Citation
  • Nelms, T.C. (2012) ‘The zombie bank and the magic of finance’, Journal of Cultural Economy, 5(2): 23146.

  • Nielsson, U. (2013) ‘Do less regulated markets attract lower quality firms? Evidence from the London AIM market’, Journal of Financial Intermediation, 22(3): 33552.

    • Search Google Scholar
    • Export Citation
  • Nordström, K.A. and Ridderstråle, J. (2002) Funky Business: Talent makes Capital Dance, Pearson Education.

  • Norris, F. (1994 [1902]) The Pit: A Story of Chicago, London: Penguin Twentieth Century Classics.

  • OFEX plc (2005) ‘Interim statement’, 6 September.

  • Pain, D. (2004) ‘No pain, no gain: I’ve changed my mind about OFEX. I may even buy shares’, The Independent, Features, 10 January, p 5.

    • Search Google Scholar
    • Export Citation
  • Pardo-Guerra, J.P. (2010) ‘Creating flows of interpersonal bits: The automation of the London Stock Exchange, c. 1955–90’, Economy and Society, 39(1): 84109.

    • Search Google Scholar
    • Export Citation
  • Pardo-Guerra, J.P. (2019) Automating Finance: Infrastructures, Engineers, and the Making of Electronic Markets, Oxford: Oxford University Press.

    • Search Google Scholar
    • Export Citation
  • Pardo-Guerra, J.P. (2022) The Quantified Scholar: How Research Evaluations Transformed the British Social Sciences, New York, NY: Columbia University Press.

    • Search Google Scholar
    • Export Citation
  • Parker, G. and Barker, A. (2010) ‘Cameron closer to No 10 after ‘very positive’ talks with CleggFinancial Times, 10 May, p 1.

  • Pickering, A. (1992) Science as Practice and Culture, Chicago, IL: University of Chicago Press.

  • Piketty, T. (2017) Capital in the Twenty-First Century, Cambridge, MA: Harvard University Press.

  • Poitras, G. (2009) ‘From Antwerp to Chicago: The history of exchange traded derivative security contracts’, Revue d’Histoire des Sciences Humaines, 1(20): 1150.

    • Search Google Scholar
    • Export Citation
  • Poon, M. (2007) ‘Scorecards as devices for consumer credit: The case of Fair, Isaac & Company incorporated’, The Sociological Review, 55(s2): 284306.

    • Search Google Scholar
    • Export Citation
  • Poon, M. (2009) ‘From new deal institutions to capital markets: Commercial consumer risk scores and the making of subprime mortgage finance’, Accounting Organizations and Society, 34(5): 65474.

    • Search Google Scholar
    • Export Citation
  • Poovey, M. (2008) Genres of the Credit Economy, Chicago, IL: University of Chicago Press.

  • Porter, A., Winnett, R. and Kirkup, J. (2010) ‘Hung parliament: Clegg and Cameron “close to agreeing economic deal”’, The Telegraph, 9 May https://www.telegraph.co.uk/news/election-2010/7702768/Hung-parliament-Clegg-and-Cameron-close-to-agreeing-economic-deal.html [accessed 03/11/22]

    • Search Google Scholar
    • Export Citation
  • Poser, N.S. (1988) ‘Big Bang and the financial services act seen through an American’s eyes’, Brooklyn Journal of International Law, 14(2): 31738.

    • Search Google Scholar
    • Export Citation
  • Posner, E. (2009) The Origins of Europe’s New Stock Markets, Cambridge, MA: Harvard University Press.

  • Preda, A. (2001a) ‘In the enchanted grove: Financial conversations and the marketplace in England and France in the eighteenth century’, Journal of Historical Sociology, 14(3): 27689.

    • Search Google Scholar
    • Export Citation
  • Preda, A. (2001b) ‘The rise of the popular investor: Financial knowledge and investing in England and France 1840–1880’, Sociological Quarterly, 42(2): 20530.

    • Search Google Scholar
    • Export Citation
  • Preda, A. (2006) ‘Socio-technical agency in financial markets: The case of the stock ticker’, Social Studies of Science, 36(5): 75382.

    • Search Google Scholar
    • Export Citation
  • Preda, A. (2009) Framing Finance: The Boundaries of Markets and Modern Capitalism, Chicago, IL: University of Chicago Press.

  • Prügl, E. (2016) ‘Lehman brothers and sisters’, in A. Hozic and J. True (eds) Scandalous Economics, Oxford: Oxford University Press, pp 21–40.

    • Search Google Scholar
    • Export Citation
  • Rentoul, J. (2018) ‘What if Nick Clegg had gone into coalition with Labour, not the Tories, in 2010?Independent, 13 November, www.independent.co.uk/news/long_reads/nick-clegg-coalition-lib-dems-2010-labour-gordon-brown-conservative-david-cameron-a8586046.html [accessed 18 August 2022].

    • Search Google Scholar
    • Export Citation
  • Roscoe, H. (1831) Reports of Cases Argued and Determined in the Court of King’s Bench, 1782–1785, London.

  • Roscoe, P. (2013) ‘Economic embeddedness and materiality in a financial market setting’, The Sociological Review, 61(1): 4168.

  • Roscoe, P. (2014) I Spend Therefore I Am: The True Cost of Economics, London: Viking.

  • Roscoe, P. (2015) ‘“Elephants can’t gallop : Performativity, knowledge and power in the market for lay-investing’, Journal of Marketing Management, 1–2: 193218.

    • Search Google Scholar
    • Export Citation
  • Roscoe, P. (2017) The Rise and Fall of the Penny-Share Offer: A Historical Sociology of London’s Smaller Company Markets, St Andrews: University of St Andrews, https://research-repository.st-andrews.ac.uk/handle/10023/11688 [accessed 5 October 2022].

    • Search Google Scholar
    • Export Citation
  • Roscoe, P. (2021) ‘Shouldn’t we all be doing cultural economy?’, Journal of Cultural Economy, doi:10.1080/17530350.2021.1986112.

  • Roscoe, P. (2022) ‘Howmatter matters for morality: The case of a stock exchange’, Human Relations, 75(3): 475501.

  • Roscoe, P. and Howorth, C. (2009) ‘Identification through technical analysis: A study of charting and UK non-professional investors’, Accounting, Organizations and Society, 34(2): 20621.

    • Search Google Scholar
    • Export Citation
  • Roscoe, P. and Willman, P. (2021) ‘Flaunt the imperfections: Information, entanglements, and the regulation of London’s Alternative Investment Market’, Economy and Society, 50(4): 58569.

    • Search Google Scholar
    • Export Citation
  • Roscoe, W. (1787) The Wrongs of Africa, A Poem. Part the First, London: R. Faulder.

  • Rupprecht, A. (2008) ‘“A limited sort of property : History, memory and the slave ship Zong’, Slavery & Abolition, 29(2): 26577.

    • Search Google Scholar
    • Export Citation
  • Salzinger, L. (2016) ‘Re-marking men: Masculinity as a terrain of the neoliberal economy’, Critical Historical Studies, 3(1): 125.

    • Search Google Scholar
    • Export Citation
  • Sargent, D. (2013) ‘The Cold War and the international political economy in the 1970s’, Cold War History, 13(3): 393425.

  • Scotsman, The (2018) ‘Camilla’s royal cousin jailed after claiming disability benefit’, 21 February, www.scotsman.com/news/people/camillas-royal-cousin-jailed-after-claiming-disability-benefit-347273 [accessed 19 August 2022].

    • Search Google Scholar
    • Export Citation
  • Scott, B. (2021) ‘The real lesson of the GameStop story is the power of the swarm’, The Guardian, 30 January, www.theguardian.com/commentisfree/2021/jan/30/gamestop-power-of-the-swarm-shares-traders [accessed 17 December 2021].

    • Search Google Scholar
    • Export Citation
  • Shaxson, N. (2011) Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens, Basingstoke: Palgrave Macmillan.

  • Sinclair, U. (1985 [1906]) The Jungle, London: Penguin.

  • Souleles, D. (2017) ‘Something new: Value and change in finance’, Journal of Cultural Economy, 10(4): 393404.

  • Steil, J.P., Albright, L., Rugh, J.S. and Massey, D.S. (2018) ‘The social structure of mortgage discrimination’, Housing Studies, 33(5): 75976.

    • Search Google Scholar
    • Export Citation
  • Tett, G. (2009) Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe, London: Hachette.

    • Search Google Scholar
    • Export Citation
  • Thomas, W. (1998) ‘An intra-empire capital transfer: The Shanghai rubber company boom 1909–1912’, Modern Asian Studies, 32(3): 73960.

    • Search Google Scholar
    • Export Citation
  • Thompson, H.S. (2011 [1967]) Hell’s Angels, London: Penguin Classics.

  • Thrift, N. (2000) ‘Performing cultures in the new economy’, Annals of the Association of American Geographers, 90(4): 67492.

  • Tsing, A. (2001) ‘Inside the economy of appearances’, in A. Appadurai (ed) Globalization, Durham, NC: Duke University Press, pp 15588.

    • Search Google Scholar
    • Export Citation
  • Tversky, A. and Kahneman, D. (1974) ‘Judgement under uncertainty’, Science, 185: 112431.

  • Vander Weyer, M. (2012) ‘Any other business: Third time lucky? Hoare Govett is the history of the modern City writ small’, The Spectator, 4 February, www.spectator.co.uk/article/any-other-business-third-time-lucky-hoare-govett-is-the-history-of-the-modern-city-writ-small [accessed 5 October 2022].

    • Search Google Scholar
    • Export Citation
  • Vulliamy, E. (1987) ‘Darkening clouds as the little yuppies go to market’, The Guardian, 21 October.

  • Waller, M. (2005) ‘OFEX meets brokers in attempt to poach trade from LSE’, The Times, Business, 10 November, p 54.

  • Walvin, J. (2011) The Zong: A Massacre, the Law and the End of Slavery, New Haven, CT: Yale University Press.

  • Weber, M. (1978) Economy and Society: An Outline of Interpretive Sociology, Berkeley, CA: University of California Press.

  • Wheatcroft, P. (2004) ‘AIM’s appeal is Ofex’s problem’, The Times, Business, 30 September, p 45.

  • Wilmot, T. (1985) Inside the Over-the-Counter Market in the UK, Westport, CT: Quorum Books.

  • Wolfe, T. (1987) The Bonfire of the Vanities, New York: Macmillan.

  • Wozniak, J.S.G. (2014) ‘When the going gets weird: An invitation to gonzo sociology’, The American Sociologist, 45(4): 45373.

  • Zaloom, C. (2003) ‘Ambiguous numbers: Trading technologies and interpretation in financial markets’, American Ethnologist, 30(2): 25872.

    • Search Google Scholar
    • Export Citation
  • Zaloom, C. (2006) Out of the Pits: Traders and Technology from Chicago to London, Chicago, IL: University of Chicago Press.

  • Zelizer, V.A. (1994) The Social Meaning of Money, New York: HarperCollins.

Content Metrics

May 2022 onwards Past Year Past 30 Days
Abstract Views 122 122 47
Full Text Views 1 1 0
PDF Downloads 2 2 0

Altmetrics