Interesting idea

In Blood on the Trading Floor: Waste, Sacrifice and Death in Financial Crises, Dr Crosthwaite claims his anthropological study of investors and traders found evidence of an element of masochistic satisfaction in running up losses.

He maintains that the crisis was the modern equivalent to the traditional Native American practice of \”potlatch\”, a ritual ceremony in which the chiefs of rival tribes competed to destroy ever greater quantities of their own possessions as an expression of power and importance.

Dr. Crosthwaite\’s research interests are listed as:

Modernist and postmodernist fiction; psychoanalysis; literary and cultural theory; culture and financial markets.

Umm, Rushdie, Freud, Derrida…just what you\’d want as your base for studying the financial markets, no?

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