
Out of the Pits
Traders and Technology from Chicago to London
Caitlin Zaloom(Author)
University of Chicago Press
Published on 15. October 2010
Book
Paperback/Softback
240 pages
978-0-226-97814-7 (ISBN)
Description
In "Out of the Pits", Caitlin Zaloom shows how traders, brokers, and global financial markets have adapted to the digital age. Drawing on her firsthand experiences as a clerk and a trader, as well as her unusual access to key sites of global finance, she explains how changes at the world's leading financial exchanges have transformed economic cultures and the craft of speculation; how people and places are responding to the digital transition; how traders are remaking themselves to compete in the contemporary marketplace; and how brokers, business managers, and software designers are collaborating to build new markets. A penetrating and richly detailed account of how cities, culture, and technology shape everyday life in the global economy, "Out of the Pits" will be required reading for anyone who has ever wondered how financial markets work.
Reviews / Votes
"Zaloom's superb book is a double-site ethnography [that shows how] the appearance of chaos hid a complex social order, which Zaloom delineates beautifully." - London Review of Books "The book is half fascinating cultural portrait and half in-depth academic text.... What emerges from the mix is a nuanced, bottom-up picture of Chicago's economic importance in the world market, and how our city's working-class swagger has shaped derivatives trading from the inception of the market." - Time Out Chicago"More details
Language
English
Place of publication
Chicago
United States
Publishing group
The University of Chicago Press
Target group
Professional and scholarly
Dimensions
Height: 23 mm
Width: 15 mm
Thickness: 1 mm
Weight
340 gr
ISBN-13
978-0-226-97814-7 (9780226978147)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Caitlin Zaloom is a cultural anthropologist and an associate professor in the Department of Social and Cultural Analysis at New York University. Her research on traders and technology has been featured in the New York Times and on the BBC.