Traders’ Engagement with Markets

This article focuses upon the construction of wants and the embodying of the market in the work routines of workers on the Swiss foreign exchange market. The authors are particularly concerned with the role of the computer screen within the establishment of postsocial relations around a sense of embodied lack. The screen does not provide access to the market but is the market as an exteriorized assemblage of practices brought together in one place. The screen is the (ontologically liquid) market rather than its representation into which traders immerse themselves. Traders engage with this market in their daily work practices through a constructed sense of lack that requires them to act passionately within the market in order to satisfy the self understood as a structure of wanting. While Knorr Cetina and Bruegger draw on a Lacanian understanding of the self as lack, rather than focus on the formation of direct human social relations around this issue, they look instead at the materiality of lack and its position within the postsocial relations constituted through trading online in the foreign exchange market. Desire is constituted and realized here through the object of the computer screen rather than with other people directly. In this way relations between persons are mediated by real objects that constitute persons virtually.

[1]  Peter Hall,et al.  The global city , 2010 .

[2]  Joan V. Robinson,et al.  The Nature of the Firm , 2004 .

[3]  Urs Bruegger,et al.  Global Microstructures: The Virtual Societies of Financial Markets1 , 2002, American Journal of Sociology.

[4]  Philip Mirowski Machine Dreams Economics Becomes a Cyborg Science , 2001 .

[5]  Karin Knorr Cetina,et al.  Transparency regimes and management by content in global organizations. The case of institutional currency trading , 2001, J. Knowl. Manag..

[6]  K. K. Cetina Postsocial Relations: Theorizing Sociality in a Postsocial Environment , 2001 .

[7]  B. Uzzi,et al.  Economic Sociology in the New Millennium , 2000 .

[8]  Alex Preda,et al.  The Epistemization of Economic Transactions , 2001 .

[9]  B. Carruthers,et al.  Success and Survival on Wall Street: Understanding the Mind of the Market , 1999 .

[10]  Jens Beckert Economic Action and Embeddedness: The Problem of the Structure of Action , 1999 .

[11]  G. Ritzer Enchanting A Disenchanted World , 1999 .

[12]  Steven G. Jones Cybersociety 2.0: revisiting computer-mediated communication and community , 1998 .

[13]  N. Thrift,et al.  Spatial Formations , 1998 .

[14]  B. Carruthers Making Markets: Opportunism and Restraint on Wall Street. By Mitchel Y. Abolafia. Harvard University Press, 1996. 216 pp. $29.95 , 1997 .

[15]  J. Lie,et al.  SOCIOLOGY OF MARKETS , 1997 .

[16]  H. Rheinberger Toward a History of Epistemic Things: Synthesizing Proteins in the Test Tube , 1997 .

[17]  R. Swedberg New Economic Sociology: What Has Been Accomplished, What Is Ahead? , 1997 .

[18]  Andrew Pickering,et al.  The mangle of practice : time, agency, and science , 1997 .

[19]  A. R. Stone,et al.  The War of Desire and Technology at the Close of the Mechanical Age , 1995 .

[20]  B. Halpern The Self in Social Theory , 1995 .

[21]  S. Turkle Life on the Screen , 1995 .

[22]  Ulrich Beck,et al.  The Normal Chaos of Love , 1995 .

[23]  N. Wiley,et al.  The Semiotic Self , 1994 .

[24]  D. Miller Modernity An Ethnographic Approach , 1994 .

[25]  Donald Read,et al.  The power of news : the history of Reuters, 1849-1989 , 1994 .

[26]  James S. Coleman,et al.  THE RATIONAL RECONSTRUCTION OF SOCIETY* 1992 Presidential Address , 1993 .

[27]  Michael Henry Heim,et al.  The metaphysics of virtual reality , 1993 .

[28]  Jack D. Schwager The New Market Wizards: Conversations with America's Top Traders , 1992 .

[29]  Grahame F. Thompson,et al.  Markets, Hierarchies and Networks: The Coordination of Social Life , 1991 .

[30]  Rupert Sheldrake,et al.  The Rebirth Of Nature , 1991 .

[31]  B. Latour We Have Never Been Modern , 1991 .

[32]  Michel Serres,et al.  Le Contrat Naturel , 1990 .

[33]  M. Lewis Liar's Poker , 1989 .

[34]  Charles Goodhart,et al.  The Foreign Exchange Market: A Random Walk with a Dragging Anchor , 1988 .

[35]  Viviana A. Zelizer,et al.  Beyond the polemics on the market: Establishing a theoretical and empirical agenda , 1988 .

[36]  B. Latour The pasteurization of France , 1988 .

[37]  A. Kerby The Language of the Self , 1986 .

[38]  Mark S. Granovetter Economic Action and Social Structure: The Problem of Embeddedness , 1985, American Journal of Sociology.

[39]  M. Callon Some Elements of a Sociology of Translation: Domestication of the Scallops and the Fishermen of St Brieuc Bay , 1984 .

[40]  Wayne E. Baker,et al.  The Social Structure of a National Securities Market , 1984, American Journal of Sociology.

[41]  H. White,et al.  Where Do Markets Come From? , 1981, American Journal of Sociology.

[42]  J. Lacan,et al.  Speech And Language In Psychoanalysis , 1981 .

[43]  J. Richman,et al.  The culture of narcissism. , 1979, Bulletin of the Menninger Clinic.

[44]  M. J. Petry The Phenomenology of Spirit , 1978 .

[45]  O. Williamson,et al.  Markets and Hierarchies: Analysis and Antitrust Implications. , 1977 .

[46]  P. Berger,et al.  The Homeless Mind: Modernization and Consciousness. , 1974 .

[47]  C. Geertz,et al.  The Interpretation of Cultures , 1973 .

[48]  J. Melek [The system]. , 1973, Pielegniarka i polozna.

[49]  Jean Baudrillard,et al.  The System of Objects , 1968 .

[50]  F. Hayek Individualism and Economic Order , 1949 .

[51]  W. Caldwell,et al.  Social and Ethical Interpretations of Mental Development , 1899, American Journal of Sociology.

[52]  A. Marshall,et al.  Principles of Economics , 1890 .