A arte da fuga: Os mecanismos da liquidez
The idea of ‘liquidity’ as a feature of the ongoing phase of modernity, to be found in the most recent work of Zygmunt Bauman, invites a cross-reading of this author and Keynes. Both in Bauman and in Keynes, liquidity is linked to relations which can easily be reverted, or reverted at a low cost, an...
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| Format: | Article |
| Language: | English |
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Centro de Estudos Sociais da Universidade de Coimbra
2008-09-01
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| Series: | Revista Crítica de Ciências Sociais |
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| Online Access: | http://journals.openedition.org/rccs/617 |
| Summary: | The idea of ‘liquidity’ as a feature of the ongoing phase of modernity, to be found in the most recent work of Zygmunt Bauman, invites a cross-reading of this author and Keynes. Both in Bauman and in Keynes, liquidity is linked to relations which can easily be reverted, or reverted at a low cost, and to systems which, characterised by the precariousness of bonds linking its constituting elements, tend, themselves, to be unstable and precarious. In both authors, liquidity and speculation appear as rational responses to uncertainty, and, at the same time, as individual strategies contributing to increased systemic risk. Both approaches are complementary and consistent. Cross-reading suggests the existence of liquidity mechanisms which are transversal to different institutional domains, identification of which is here essayed. |
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| ISSN: | 0254-1106 2182-7435 |