Realizing Capital: Financial and Psychic Economies in Victorian Form
ISBN-13:
9780823280384
ISBN-10:
0823280381
Edition:
1
Author:
Anna Kornbluh
Publication date:
2018
Publisher:
Fordham University Press
Format:
Paperback
232 pages
Category:
Economic History
,
Economics
FREE US shipping
Book details
ISBN-13:
9780823280384
ISBN-10:
0823280381
Edition:
1
Author:
Anna Kornbluh
Publication date:
2018
Publisher:
Fordham University Press
Format:
Paperback
232 pages
Category:
Economic History
,
Economics
Summary
Realizing Capital: Financial and Psychic Economies in Victorian Form (ISBN-13: 9780823280384 and ISBN-10: 0823280381), written by authors
Anna Kornbluh, was published by Fordham University Press in 2018.
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Description
During a tumultuous period when financial speculation began rapidly to outpace industrial production and consumption, Victorian financial journalists commonly explained the instability of finance by criticizing its inherent artifice―drawing persistent attention to what they called “fictitious capital.” In a shift that naturalized this artifice, this critique of fictitious capital virtually disappeared by the 1860s, replaced by notions of fickle investor psychology and mental equilibrium encapsulated in the fascinating metaphor of “psychic economy.”In close rhetorical readings of financial journalism, political economy, and the works of Dickens, Eliot, and Trollope, Kornbluh examines the psychological framing of economics, one of the nineteenth century’s most enduring legacies, reminding us that the current dominant paradigm for understanding financial crisis has a history of its own. She shows how novels illuminate this displacement and ironize ideological metaphors linking psychology and economics, thus demonstrating literature’s unique facility for evaluating ideas in process. Inheritors of this novelistic project, Marx and Freud each advance a critique of psychic economy that refuses to naturalize capitalism.
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