De l’abstraction réelle de la monnaie au concret absolu du marché financier
Marxist criticism considers the financial market as the utmost achievement of abstraction. It is the jewel of capitalism, which is in turn the accomplishment of metaphysics and of the Greek logos. This article argues, against this Marxist view, that the financial market should not be confused with c...
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| Format: | Article |
| Language: | deu |
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Presses universitaires de Strasbourg
2020-07-01
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| Series: | Recherches Germaniques |
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| Online Access: | https://journals.openedition.org/rg/3457 |
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| author | Élie Ayache |
| author_facet | Élie Ayache |
| author_sort | Élie Ayache |
| collection | DOAJ |
| description | Marxist criticism considers the financial market as the utmost achievement of abstraction. It is the jewel of capitalism, which is in turn the accomplishment of metaphysics and of the Greek logos. This article argues, against this Marxist view, that the financial market should not be confused with capitalism, and even less so with the notions of algorithm and automatism. Indeed, it will show that once capitalism is augmented by the derivatives market, the financial market will no longer appear as an abstract structure, but rather as a concrete infrastructure, which presents an alternative to the foundation of the traditional schema of abstraction. It will effectively contradict abstract probability theory, which is founded on such a schema. |
| format | Article |
| id | doaj-art-49894f2c9c4e45019bedfe6facdb7b54 |
| institution | Kabale University |
| issn | 0399-1989 2649-860X |
| language | deu |
| publishDate | 2020-07-01 |
| publisher | Presses universitaires de Strasbourg |
| record_format | Article |
| series | Recherches Germaniques |
| spelling | doaj-art-49894f2c9c4e45019bedfe6facdb7b542025-01-10T14:27:45ZdeuPresses universitaires de StrasbourgRecherches Germaniques0399-19892649-860X2020-07-0115819110.4000/rg.3457De l’abstraction réelle de la monnaie au concret absolu du marché financierÉlie AyacheMarxist criticism considers the financial market as the utmost achievement of abstraction. It is the jewel of capitalism, which is in turn the accomplishment of metaphysics and of the Greek logos. This article argues, against this Marxist view, that the financial market should not be confused with capitalism, and even less so with the notions of algorithm and automatism. Indeed, it will show that once capitalism is augmented by the derivatives market, the financial market will no longer appear as an abstract structure, but rather as a concrete infrastructure, which presents an alternative to the foundation of the traditional schema of abstraction. It will effectively contradict abstract probability theory, which is founded on such a schema.https://journals.openedition.org/rg/3457Sohn-Rethelmoneyderivative instrumentsfinancial markettradingalgorithm |
| spellingShingle | Élie Ayache De l’abstraction réelle de la monnaie au concret absolu du marché financier Recherches Germaniques Sohn-Rethel money derivative instruments financial market trading algorithm |
| title | De l’abstraction réelle de la monnaie au concret absolu du marché financier |
| title_full | De l’abstraction réelle de la monnaie au concret absolu du marché financier |
| title_fullStr | De l’abstraction réelle de la monnaie au concret absolu du marché financier |
| title_full_unstemmed | De l’abstraction réelle de la monnaie au concret absolu du marché financier |
| title_short | De l’abstraction réelle de la monnaie au concret absolu du marché financier |
| title_sort | de l abstraction reelle de la monnaie au concret absolu du marche financier |
| topic | Sohn-Rethel money derivative instruments financial market trading algorithm |
| url | https://journals.openedition.org/rg/3457 |
| work_keys_str_mv | AT elieayache delabstractionreelledelamonnaieauconcretabsoludumarchefinancier |