08.12.2016 Views

Crossroads in Cultural Studies Conference 14-17th December 2016 Program Index

Crossroads-2016-final-draft-program-30-Nov

Crossroads-2016-final-draft-program-30-Nov

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

materialised and enacted through gameplay, and connects this <strong>in</strong>-game formation and circulation of<br />

happ<strong>in</strong>ess to the homogenisation and relative exclusivity of gam<strong>in</strong>g culture. Relat<strong>in</strong>g the analysis of specific<br />

game mechanics to its themes and then wider ma<strong>in</strong>stream gamer culture, this paper argues that the<br />

attachment of positive and negative affect to specific objects, outcomes and characters attempts to<br />

re<strong>in</strong>scribe specific social norms as social goods that even – and especially – prevail <strong>in</strong> a post-apocalyptic<br />

world (Ahmed, 2010). Through this analysis I will demonstrate how happ<strong>in</strong>ess is manufactured and directed<br />

with<strong>in</strong> the game <strong>in</strong> order to justify choices and affectively shape the gam<strong>in</strong>g experience.<br />

Mark Steven<br />

Affect | Film | F<strong>in</strong>ance<br />

“Money,” we are told, “has lost its narrative quality.” Such term<strong>in</strong>al simplicity naturally belongs to a moment<br />

<strong>in</strong> history when the general formula for capitalist accumulation has entered the autumnal phase of its cycle,<br />

the name for which is f<strong>in</strong>ance. F<strong>in</strong>ancial capitalism, unlike its merchant and <strong>in</strong>dustrial precursors, is lack<strong>in</strong>g <strong>in</strong><br />

narrative because its privileged site of profit extraction has shifted from the humanly populated zones of<br />

manufacture <strong>in</strong>to the speculative non-space of exchange markets. While the factories had their epics<br />

narrated by the likes of Balzac, Dickens, and even Marx himself, what of our own speciously “postproductive”<br />

present? This paper argues that affect theory, with its emphasis on fleet<strong>in</strong>g <strong>in</strong>tensities and<br />

<strong>in</strong>human forces, offers a well-fitted critical optic through which to view the typically imperceptible narratives<br />

<strong>in</strong> and of f<strong>in</strong>ance capital. It also argues that if any medium has s<strong>in</strong>gular access to the affective narratives of<br />

f<strong>in</strong>ance capital then that medium is post-filmic c<strong>in</strong>ema.<br />

4D<br />

Alternative imag<strong>in</strong><strong>in</strong>gs of f<strong>in</strong>ance and markets (Chair, Lisa Adk<strong>in</strong>s)<br />

Carolyn Hard<strong>in</strong>* & Adam Rott<strong>in</strong>ghaus* The H<strong>in</strong>terland of F<strong>in</strong>ance: Information, Representation, and Risk <strong>in</strong> F<strong>in</strong>ancial<br />

Markets<br />

In this paper, we extend our analysis begun <strong>in</strong> “Introduc<strong>in</strong>g a <strong>Cultural</strong> Approach to Technology <strong>in</strong> F<strong>in</strong>ancial<br />

Markets,” (Journal of <strong>Cultural</strong> Economy, 2015) to <strong>in</strong>formation <strong>in</strong> f<strong>in</strong>ancial markets. Scholars often assume<br />

that the aim of f<strong>in</strong>ancial <strong>in</strong>formation is to represent underly<strong>in</strong>g truths about market conditions, leav<strong>in</strong>g<br />

critics to assess only the degree of representational fidelity. We argue that communication technologies and<br />

f<strong>in</strong>ancial models constitute data as forms of power that reorganize material, temporal, and spatial market<br />

relationships. The cont<strong>in</strong>ued use of credit default swap (CDS) <strong>in</strong>dexes—derivatives used to evaluate the risk<br />

of mortgage-backed securities—after their ignom<strong>in</strong>ious failure to accurately assess market risk lead<strong>in</strong>g up to<br />

the crash of 2007, demonstrates that <strong>in</strong>formation fidelity was never the <strong>in</strong>dexes’ key function. Instead, our<br />

analysis reveals that the nested networks of f<strong>in</strong>ancial derivatives underly<strong>in</strong>g CDS <strong>in</strong>dexes produce complex<br />

relationships of power, exclusion, and profit which challenge the representational <strong>in</strong>terpretation of f<strong>in</strong>ancial<br />

<strong>in</strong>formation.<br />

Dick Bryan* & Michael Rafferty F<strong>in</strong>ancial foundations of a theory of value<br />

This paper addresses the ways <strong>in</strong> which political economy needs to move beyond a simple and simplistic<br />

brand<strong>in</strong>g of f<strong>in</strong>ance as “fictitious” and “unproductive” and move towards a conception of value that <strong>in</strong>cludes<br />

f<strong>in</strong>ance and <strong>in</strong> particular the shift<strong>in</strong>g of risk to households. This approach not only presents a dist<strong>in</strong>ctive<br />

perspective on the household as a balance sheet of assets and liabilities (and associated risk profiles), but<br />

throws open the need to ground theories of value <strong>in</strong> units of measure (a numeraire) that is economically,<br />

socially and culturally appropriate to the conjuncture <strong>in</strong> which value is be<strong>in</strong>g def<strong>in</strong>ed and measured. The<br />

105

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!