Liquidated: An Ethnography of Wall Street (a John Hope Franklin Center Book) by Karen Ho
Author:Karen Ho [Ho, Karen]
Language: eng
Format: epub, mobi
Tags: book, ebook
Publisher: Duke University Press
Published: 2009-06-21T16:00:00+00:00
Liquid property… obtains a set of values in exchange, represented by market prices, which are not immediately dependent upon, or at least only obliquely connected with, the underlying values of the properties themselves. Two forms of property appear… related but not the same. At the bottom is the physical property itself, still immobile… demanding the service of human beings, managers… Related to this is a set of tokens, passing from hand to hand… requiring little or no human attention, which attain an actual value in exchange or market price only in part dependent upon the underlying property. (Berle and Means 1991, 251)
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