Economics in Spirit and Truth pp 105-122 | Cite as
The Knot of Finance
Abstract
This chapter treats the last of the four registers of finance capital we identified in chapter 1, the fourth site of the truth procedure of finance, that is, policy or knot of states aimed at managing finance capital. Sovereign states are ever trying to hold together the parts of finance capital so that it does not fall apart, does not come undone under the weight and dynamics of its restlessness. The knot that holds capital in any particular, given economy is always in danger of coming undone. In this chapter, we will examine the role of finance capital in economic development and what states are doing (or can do) to hold down what they think is the good work it is doing, to keep the knot in good working order. After examining what state governments are doing to attract and manage finance capital, we will investigate policies that are likely to keep states antifragile in light of the general fragility that it is imposed on all economies by finance capital. The investigation of the antifragility of states is important because it complements the discussion of the antifragility of citizens we explore in chanter 7.
Keywords
Monetary Policy Business Cycle Finance Capital Complex Adaptive System Spontaneous OrderPreview
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Notes
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