Master your Minecraft

Special Offers see all

Enter to WIN a $100 Credit

Subscribe to
for a chance to win.
Privacy Policy

Tour our stores

    Recently Viewed clear list

    What I'm Giving | December 4, 2014

    Fred Armisen: IMG Fred Armisen: What I'm Giving

    At Powell's, we feel the holidays are the perfect time to share our love of books with those close to us. For this special blog series, we reached... Continue »

Qualifying orders ship free.
List price: $26.95
New Trade Paper
Ships in 1 to 3 days
Add to Wishlist
available for shipping or prepaid pickup only
Available for In-store Pickup
in 7 to 12 days
Qty Store Section
2 Partner Warehouse General- General

More copies of this ISBN

This title in other editions

Financial Derivatives and the Globalization of Risk (04 Edition)


Financial Derivatives and the Globalization of Risk (04 Edition) Cover


Synopses & Reviews

Publisher Comments:

The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives.

LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.


Cultural studies exploration of the implications of the circulation of increasingly abstract forms of capital in the contemporary global economy.

About the Author

Edward LiPuma is Professor of Anthropology at the University of Miami. He is the author of Encompassing Others: The Magic of Modernity in Melanesia and coeditor of Bourdieu: Critical Perspectives.

Benjamin Lee is Professor of Anthropology and Philosophy at New School University and Dean of its Graduate Faculty of Political and Social Science. He is the author of Talking Heads: Language, Metalanguage, and the Semiotics of Subjectivity (published by Duke University Press) and coeditor of Semiotics, Self, and Society.

Product Details

Lipuma, Edward
Duke University Press
Warner, Michael
Lee, Benjamin
Kramer, Jane
Gaonkar, Dilip Parameshwar
Lipuma, Edward
Durham, N.C.
Risk management
Derivative securities
Investments & Securities - Futures
Financial services industry
Financial services industry - Risk management
Investments & Securities
Edition Description:
Trade Paper
Public Planet Books
Series Volume:
Publication Date:
8 x 5.38 in

Other books you might like

  1. Quaker City: Monks of Monk Hal Used Trade Paper $17.50
  2. Shake Hands with the Devil: The...
    Used Trade Paper $4.50
  3. The Traffic in Poems:... New Trade Paper $29.95
  4. Limits to Capital, New Edition New Trade Paper $34.95
  5. Development, Security and Unending... New Trade Paper $34.95
  6. The Roaring Nineties: A New History...
    Used Hardcover $8.95

Related Subjects

Business » Investing
Business » Investing » Futures
History and Social Science » Politics » General
History and Social Science » Politics » United States » Foreign Policy
Reference » Science Reference » Technology

Financial Derivatives and the Globalization of Risk (04 Edition) New Trade Paper
0 stars - 0 reviews
$21.15 In Stock
Product details 224 pages Duke University Press - English 9780822334187 Reviews:
"Synopsis" by ,
Cultural studies exploration of the implications of the circulation of increasingly abstract forms of capital in the contemporary global economy.
  • back to top


Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at