Of Synthetic Finance: Three Essays of Speculative Materialism, 1st Edition (Paperback) book cover

Of Synthetic Finance

Three Essays of Speculative Materialism, 1st Edition

By Benjamin Lozano


142 pages | 12 B/W Illus.

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pub: 2014-09-19
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Synthetic finance revolutionizes materialism such that we can now create wealth in the process of universally distributing it. While financial innovation in global capitalism provided the conditions for the 2008 financial crisis, it has also engineered a set of financial technologies with universal distributive potential. This bookexplains this possibility anddemonstrates how it can be achieved through a rigorous ontological exposition of the radical, nomadic, distributive power of synthetic finance. It also illustrates that Gilles Deleuze is the heterodox political economist who best reveals its profound material capacities.

This book articulates an innovative method for the study of finance, fundamentally revaluates political economy as a discipline and practice, and inaugurates a research project from which derivative methodologies and approaches to critical finance can evolve. Of Synthetic Finance actualizes a new kind of heterodox political economy called speculative materialism, and advocates a radical project of speculative materialist financial engineering. Both of these are predicated on the deployment of the latent, nomadic, monstrous capacities of synthetic finance to create and universally distribute risk and cash flow.

This book is a must read for anyone interested in critical finance, the financial crisis and the future of political economy.

Table of Contents

1. Some Material Properties of Synthetic Finance 2. The Materialism of Synthetic Finance: A Case Study on Credit Derivatives in Seven Notes 3. Wagers of the Synthetic: Difference & Repetition as Heterodox Political Economy Appendix: Two Kinds of Symmetry, Three Classes of Exchange

About the Author

Benjamin Lozano is Instructor, Curriculum Coordinator and Researcher at the The Bruce Initiative on Rethinking Capitalism, UC Santa Cruz, USA.

About the Series

Routledge Frontiers of Political Economy

In recent years, there has been widespread criticism of mainstream economics. This has taken many forms, from methodological critiques of its excessive formalism, to concern about its failure to connect with many of the most pressing social issues. This series provides a forum for research which is developing alternative forms of economic analysis. Reclaiming the traditional 'political economy' title, it refrains from emphasising any single school of thought, but instead attempts to foster greater diversity within economics.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General