The Return of Bureaucracy: Managing Dispersed Knowledge in Global Finance

Gordon L. Clark · Nigel J. Thrift

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Global Financial Regulation and Crises Management and Organizational Studies Housing, Finance, and Neoliberalism

Abstract

Abstract In the public mind, the paraphernalia of international finance are well known: the trading floor full of shouting, brightly colored bodies, the dealing room full of macho adrenaline addicts, periodic financial crises signaled by serious-looking commentators standing outside the headquarters of a troubled financial institution, and so on. It would be fair to say that these kinds of images are foremost in many academic minds as well, but translated into the underlying processes that they are assumed to represent: a frantic search for profit, the hyper-speed of communication driven by remorseless technological advance, and the crisis-prone nature of capitalism.

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