Reading Capitalism: Economization

Since the financial crisis of 2007-8, a growing body of interdisciplinary work in the social sciences and humanities has worked to situate the timeless logics of economics within processes of governing that constitute economic space, time and subjects. This 4000-level graduate seminar, open to senior undergraduates, brings key themes and methods in this literature on processes of ‘economization’ into conversation, streamlining prominent genealogies. Informed by attention to links across British imperial and contemporary neoliberal formations, the course highlights legal-governmental imaginaries and media that convey and create market value. Working in-between the study of practices of capitalism (formal and vernacular) and theories of capital, we will consider infrastructures that frame the drive for perpetual profit. After a review of foundational literature, the syllabus will foreground processes of financialization or the bolstering of financial value as primary means for profit-making. Reading capitalism as governing project with attention to subject-formation and sign-value, the course weaves the analysis of governmentality, legal and financial fictions, finance and society, approaches from the historical anthropology of economy and media, and science and technology studies. Themes will include: “the economy” as governing imaginary; the performativity of economics; incarnations of homo economicus; risk, speculation and the commodification of futurity; uncertainty and the “spirits” of capitalism; virtual value and instruments of securitization; money, the semiotics of value, and monetization. The course assumes basic background in social and political theory, and political economy.