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Decency in Anglo-American financial centres?

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/91927

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Title: Decency in Anglo-American financial centres?
Related: Thesis eleven, Vol. 101, No. 1 (2010), p.63-71
DOI: 10.1177/0725513609360612
Publisher: Sage Publications
Date: 2010
Author/Creator: Pixley, Jocelyn
Description: How can a partial, revisable utopia of ‘decent society’ be used as a yardstick for assessing today’s impersonal forms of social integration? In economic life — this essay’s focus — Polanyi’s hopes that the ‘economic system’ might cease ‘to lay down the law to society’ is a start. Recently, financial firms sold commodified promises and obligations on the allure of democratizing credit and providing financial ‘choice’ to millions. Yet these ‘civilities’ exploited people’s hopes for a dignified life. Any new, partial utopia (as Keynes’s was too — to remove the egregious, humiliating features of ‘the society in which we live’) is yet to be devised. Maria Markus’s concept is useful to ask whether the instrumental-ism of macro-economic concepts is a distortion of the institutions of money or intrinsic to them. Could solidaristic compromises through civil society minimize disrespectful relationships embedded in money to create decent institutions?
Description: 9 page(s)
Subject Keyword: decent economic institutions
Subject Keyword: economic democracy
Subject Keyword: embeddedness
Subject Keyword: financial centres
Resource Type: journal article
Organisation: Macquarie University. Dept. of Sociology

Identifier: http://hdl.handle.net/1959.14/91927
Identifier: ISSN:0725-5136
Identifier: mq-rm-2009008710
Language: eng
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