V knjigi An Engine Not a Camera: How Financial Models Shape Markets je Donald MacKenzie apliciral filozofski koncept performativnosti na finančne trge. O performativnosti je prvi resno razglabljal filozof J. L. Austin, ki je ugotavljal, da določen koncept lahko preide mehurček epistemološkega in se namesti v ontološkem. Beseda "vzamem" na primer v pravem kontekstu spremeni legalni in moralni status posameznika. MacKenzie je v svoji knjigi ugotavljal, da je podobno pri ekonomskih modelih, ki naj bi opisavali dogajanje (vedenje) na finančnih trgih, dejansko pa so ustvarjali trende tako, da so služili kot vodilo odločitev za investitorje.
V (semi) uvodnem delu knjige nas čaka zanimiva povest o tem, kako je neslavni Milton Friedman za (takrat) precejšnjo vsoto denarja znanstveno legitimiral trge izvedenih finančnih inštrumentov.
"Uživajte"!
V (semi) uvodnem delu knjige nas čaka zanimiva povest o tem, kako je neslavni Milton Friedman za (takrat) precejšnjo vsoto denarja znanstveno legitimiral trge izvedenih finančnih inštrumentov.
"Uživajte"!
"By the end of the 1960s, the Mercantile Exchange and the Board of Trade thus both had plans to begin trading financial derivatives. Both knew, however, that there was a gap between an idea for a market and a viable reality. Simply launching a financial derivatives contract without attracting customers and getting at least the implicit blessing of the authorities was unlikely to be a path to success. The New York International Commerce Exchange launched a currency futures market in 1970, but it foundered. “I didn’t have . . . the credentials,” says Melamed. “I was a lawyer and a chairman of a secondary exchange that . . . wasn’t even a distant cousin to a legitimate financial . . . institution and here I was thinking about . . . currency. I needed the stamp of authenticity from someone that counts.” To Melamed, the choice of “stamp of authenticity” was obvious: his “personal hero,” Milton Friedman, whom he had at that point never met (Melamed interview). Melamed and the president of the Mercantile Exchange, E. B. Harris, arranged to talk with Friedman over dinner in the art deco splendor of the Waldorf Astoria Hotel on New York’s Park Avenue. Friedman was instantly enthusiastic: “He said, ‘That’s a terrific idea. It’s a wonderful idea. You must do this.’ ” (Melamed interview) Melamed asked “if I [Friedman] would be willing to write a little paper for them on the case” for a currency futures exchange (Friedman interview). Friedman replied “ ‘I’m a capitalist first,’ and I [Melamed] said ‘How much?’ I immediately knew what he meant and he liked that. He liked that. He said ‘$5000.’ I said, ‘It’s done.’ Just like that.” (Melamed interview)"
(MacKenzie, 2006, stran 147)
Spisal: Tej Gonza
(MacKenzie, 2006, stran 147)
Spisal: Tej Gonza