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A political anthropology of finance: Profits, states, and cultures in cross-border investment in Shanghai

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Date
2017
Dewey
Sociologie économique
Sujet
China; finance; money; global; political anthropology; border; culture; state
Journal issue
HAU: Journal of Ethnographic Theory
Volume
7
Number
3
Publication date
2017
Article pages
325-345
DOI
http://dx.doi.org/10.14318/hau7.3.018
URI
https://basepub.dauphine.fr/handle/123456789/17365
Collections
  • IRISSO : Publications
Metadata
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Author
Ortiz, Horacio
184082 Institut de Recherche Interdisciplinaire en Sciences Sociales [IRISSO]
Type
Article accepté pour publication ou publié
Abstract (EN)
Based on participant observation with financial professionals working for a mergers and acquisitions consultancy company in Shanghai, this essay shows that they conduct these transactions by mobilizing imaginaries of “profits,” “states,” and “cultures.” These imaginaries concern professional and nonprofessional life and are multiple, sometimes contradictory, and mutually constitutive. This shows that the analytic claim about a “real economy,” against which financial practices would be gauged, misses the multiple meanings whereby these practices make sense for those who carry them out. The article proposes instead a pragmatist approach of money, whose political import would be to focus on how the practices and meanings of financial professionals, as they channel money to certain activities at the expense of others, contribute to produce global social hierarchies in the access to monetary resources.

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