Saturday, January 7, 2017

Money Wisdom #415

"In the neoclassical account of financial markets, there is no gap between the symbolic and the real, between price and value. The market price is always already an accurate reflection of the value of the underlying asset.
Since there is no gap between the symbolic and the real, there is also need need for the order of the imaginary to manage the gap. Neoclassical finance is, seemingly, a theory without fantasy..."

Ole Bjerg Making Money (2014) p.54-5

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