Speculative Bubbles: Mass Behavior and Automatism in the Financial Markets

被引:0
|
作者
Bazzicalupo, Laura [1 ]
机构
[1] Univ Salerno, Fisciano, Italy
关键词
financial markets; mimetic behaviors; crowd; endogenous convention;
D O I
暂无
中图分类号
B [哲学、宗教];
学科分类号
01 ; 0101 ;
摘要
The essay criticizes the presuppositions of neoclassical economic theory, that is rational and autonomous individualism and the self-regulation of markets, on which the claim of the neoliberal socio-political model rests. Through the analysis of speculative bubbles, the mimetic and emotional dimension of the formation of beliefs/conventions emerges around which 'crowds' and herd behavior are formed. The essay's thesis is that these de-individualization processes are amplified by the macroeconomic process of autonomization of the financial markets.
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页码:103 / 116
页数:14
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