Portfolio Society: On the Capitalist Mode of Prediction

Ivan Ascher (Author)

Product Details

$25.95  $23.87
Zone Books
Publish Date
September 10, 2016
6.0 X 8.1 X 0.7 inches | 0.8 pounds

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About the Author

Ivan Ascher is Assistant Professor of Political Science at the University of Wisconsin, Milwaukee.


Ascher's incisive essay deserves to play a central role in what I hope will become a movement of thought that brings down the wall between political theory and political economy.

--Theory & Event

Portfolio Society sketches out an innovative and exciting theory of class under financial capitalism, which, above all, serves as an invitation for others to think through the implications of Ascher's inventive appropriation of Marx's work.

--Cultural Politics

[A] carefully calibrated account of how financial markets affect modern societies that will please inquisitive college freshmen, political theorists and policy-makers alike.

--Science and Public Policy

Ascher lifts from Marx certain phrases or tropes or bits of analysis.... and wroks a substitution, inserting a new word, or letter, so as to make Marx's text speak directly to our society.... Hence, the capitalist mode of production becomes the subtitle's capitalist mode of rediction. These detournements are always provocative, and occassionally produce the electric concept short circuit that one associates with a profound pun or a surprising etymological connection.

--Contemporary Political Theory

Just as the rhythms of Capital might be said to reflect those of the factories and machines that Marx investigates, Ascher replicates the surface speed and deep complexity of the finance industry with which he is concerned.

--Political Theory

Portfolio Society makes an important contribution to theorising the contemporary economy, although it would benefit from greater attention to the detail of financialisation processes and how they are mediated through political and economic systems.

--LSE Review of Books