people think only the dumbest investors would give him money after saying this, but they’ve been flinging obscene amounts of $$ at “algorithmic traders” for years. all altman is offering is an interface that makes algorithmic finance “cheaper.” @danthroagogo.bsky.social has a great new book on this.
Posts by Dan Souleles
BOOK THREAD
in february, i published my book UNSUSTAINABLE: MEASUREMENT, REPORTING, AND THE LIMITS OF CORPORATE SUSTAINABILITY with #NYUPress @capacademicbooks.bsky.social
#greensky #anthrosky #geosky #newbook #sustainability #politicalecology
nyupress.org/978147982201...
Hello everyone! Economic Anthropology is now on Bluesky. We'll be cross-posting between here and Twitter for as long as it continues to exist, but we're excited to break new ground here with you. Keep an eye out for our next edition!
We're fast approaching the next edition of Economic Anthropology. While you wait, why not check out some of our early releases, like Nikhit Agrawal's "Violent sustainability: Blitzscale and counteraccounting in an Indian agtech start-up"
anthrosource.onlinelibrary.wiley.com/doi/10.1002/...
You might be shocked to learn that empowering finance folks is probably not the best way to run a society. But, these finance folks are what we've got, so I write about them.
It turns out that private equity investors think that there ability to identify potential financial value in a company is a universal skill that can be applied to any business. In turn, this skill should entitle them to more or less unlimited power and unlimited wealth.
This one was another ethnographic study of financiers, this time private equity investors to understand why and how they buy manage and sell the companies that they do.
And, this work actually builds on an earlier book I published on why private equity investors do what they do:
www.nebraskapress.unl.edu/nebraska/978...
The book is an anthropological study (an ethnography) of people who work on financial markets and, crucially, what they swear about.
The point of focusing on swearing is that it allows us to see what makes them angry, and then understand what traders think is important on financial markets.