Money and moneyness: thoughts on the nature and distributional power of the ‘backbone’ of capitalist political economy

This paper contends that political economy may profit from an understanding of money that is both able to account for its systemic importance as well as money’s specific role for the contemporary distribution of wealth. ‘Money-ness’ is a strategic factor in profit-making and capital accumulation. If we accord moneyness to all those instruments that make the repackaging of credit and other financial assets and liabilities and their capitalization possible, we arrive at an understanding of money that underscores the Marxian analysis of the structural importance of the money relation for capital accumulation that is up to speed with current financial innovations. As a social structure and process, moneymaking through capital permeates society. As a public-private deal between the state, rentiers, banks, and taxpayers that has existed since the foundation of the Bank of England in 1694, it binds these actors together in shifting relations of dependence. Under financial capitalism today, what counts as money and how far moneyness stretches into the realms of financial innovation has been a core object of struggle in the public-private deal of money creation.     

The Incidence of and Returns to ‘Overeducation’: PIAAC Evidence on the G7

Minerva - PIAAC data are used to evaluate the extent of overeducation in G7 countries. Incidence of overeducation is seen to vary systematically with a number of demographic characteristics. The...     

The microclimate analysis of tezone ‘105’ of the Venetian Arsenale

This paper presents a detailed analysis of the measured data on the indoor air of an historical building: tezone 105 of the Arsenale in Venice. During one year of measurements, the indoor air temperature and the air humidity have been collected: the probes have been placed in different sites in order to provide total control of the microclimate. The status of the internal walls has been checked by means of the measurement of the surface temperatures by different sets of thermal resistances. The data collected point out the water wall imbibition and the high thermal capacity of the building envelope.The collected information could be used for the design of the thermal system.     

The Idea of ‘Basic Research’ in Language and Practice

Today, there is increasing concern about the health of basic research, yet considerable disagreement about its definition. This paper examines the way in which the term is used in everyday practice. Drawing upon interviews with British and American scientists and policy-makers, we identify six different definitions currently in use. Given the utility and flexibility of the concept, it is useful to ask what function it serves, and whether we should develop new terminology.     

Structural investigations and analyses for the conservation of the ‘Arsenale’ of Venice

Systematic interventions are being planned and progressively designed on most buildings of the Arsenale of Venice, the Venetian republic’s shipyard, a very large complex of docks and sheds of peculiar construction characteristics. These renovation interventions are required in view of new uses for the revitalizing of that area, which is currently almost completely neglected. In the paper, after a general presentation of the main properties and of the most relevant deterioration phenomena of the principal parts of the monumental area, the methodology that is being used for the structural diagnosis, for the implementation of guidelines for the future interventions and for the maintenance of the restored conditions are presented. Some preliminary results, given by experimental tests performed both in situ and in laboratory on materials and structural elements, and by FE simulations, are discussed.     

The ‘Economy of Memory’: Publications, Citations, and the Paradox of Effective Research Governance

More recent advancements in digital technologies have significantly alleviated the dissemination of new scientific ideas as well as the storing, searching and retrieval of large amounts of published research findings. While not denying the benefits of this novel ‘economy of memory,’ this paper endeavors to shed light on the ways in which the use of digital technologies may be linked to a distortion of the system of formal publications that facilitates the effective dissemination and collaborative building of scientific knowledge. Through combining three different strands of discussion that are often left separate – those pertaining to the cognitive effects of new technological memory systems, those pertaining to citation and publishing practices, and those regarding the effects of formalizing modes of research governance – it is also shown that this distortion is not merely a consequence of technological developments alone. Rather, such a distortion is inseparable from and potentially aggravated by the spreading of increasingly dysfunctional, formalizing research governance mechanisms. It is argued that these mechanisms run the risk of fostering the proliferation of knowledge practices that are characterized by an increasing degree of superficiality as well as the strategic publication of research that is of a decreasing degree of originality. If left unaddressed, this may pose a serious threat to the efficiency and effectiveness of the formal record of scientific knowledge as a tool for the dissemination of original research. By extension, this may in the long run seriously undermine the capacity of the publicly funded research system more generally.     

‘Excellence’ and Exclusion: The Individual Costs of Institutional Competitiveness

A performance-based funding system like the United Kingdom’s ‘Research Excellence Framework’ (REF) symbolizes the re-rationalization of higher education according to neoliberal ideology and New Public Management technologies. The REF is also significant for disclosing the kinds of behaviour that characterize universities’ response to government demands for research auditability. In this paper, we consider the casualties of what Henry Giroux (2014) calls “neoliberalism’s war on higher education” or more precisely the deleterious consequences of non-participation in the REF. We also discuss the ways with which higher education’s competition fetish, embodied within the REF, affects the instrumentalization of academic research and the diminution of academic freedom, autonomy and criticality.     

Structural assessment and measurement of the elastic deformation of historical violins: The case study of the Guarneri ‘del Gesù’ violin (1743) known as the ‘Cannone’

This paper presents a deformative and structural study of the Guarneri ‘del Gesù’ violin (1743) known as the ‘Cannone’. A structural assessment is fundamental to understanding the violin's compatibility with its residual function of musical instrument. The tuning of the instrument to a modern playing pitch during concerts could, in fact, cause stress resulting in plastic deformations of its structure. In order to understand the stress level to which the violin is subjected when tuned, several tests were performed. The forces acting on the bridge were measured, the geometry of the un-strung and of the tuned violin were acquired with a tri-dimensional scanner, the violin deformation was assessed by means of the computed surface deviation mesh and by measuring the deformation in selected lines, several sections of the violin were cut from the digital model and stress exerted on the sections was computed. The stress exerted on the neck, scroll and body were found to be very limited. More significant, albeit at a low level, was the stress exerted under the bridge between the sound holes. Mechanical stress exerted after tuning was found to be safe for the violin, if applied for a limited amount of time. This does not mean that the violin can be played freely, because the real strength of the material used in the violin is not known and mechanical stress during a concert must be added to time (viscous behaviour), moisture content variation (mechano-sorptive behaviour) and hygro-thermal stress, thus worsening the condition. The method presented here could be applied to compute the level of stress of any violin.     

The Making of a ‘Good Deal’

Economic rationality and reciprocal help are values that are often posed as contradictory within exchanges. However, there are instances when these values work in tandem, such as when justifying informal purchases of work, svart arbete, in contemporary Sweden. Svart arbete are omnipresent exchanges in Swedish society, and there are many reasons for performing them. On the one hand, a good deal is part of everyday social life when people help each other. On the other hand, a good deal also reinforces views that economic rationalities are values that do not exclusively adhere to formal markets. This article focuses on the values that construct the ‘good deal’ when getting your car fixed informally. These overlapping and somewhat contradictory values in theory, but commonplace in practice, illustrate how notions of reciprocity and economic calculations interweave and are difficult to entangle one from the other. The ‘good deal’ thus concerns how illegal, yet licit purchases of services are made acceptable when posing them as cheap and simple transactions that simultaneously invoke a realm of closer relations.     

‘New Public Management’ and the Academic Profession: Reflections on the German Situation

This essay considers recent implications of ‘new public management’ (NPM) strategies for the universities of Germany. It argues that NPM poses a threat to the traditional values of the academic profession, and asks what the universities should do to restore public trust in their methods and management.     

Business schools,the anxiety of finance,and the order of the ‘middle tier’

Financial imagination plays a fundamental, yet ambivalent role in the establishment of hierarchies within and between business schools, and in business life at large. This study examines this process in the ‘middle tier’ of business education: that is, in the social space in which students and instructors understand themselves to occupy a ‘mid-range’ position within an order of excellence and success. Largely articulated through business school rankings, this order strongly relies on the centrality of the financial curriculum, proficiency in which is understood as both a proxy for smartness and a sign of moneymaking capacity. In the ‘middle tier’, this order manifests in the form of an anxiety: an order that, though legitimate, is thought not to be attained, or hardly attainable. The study draws from ethnographic investigation in a ‘middle tier’ business school with attention to how finance is made sense of in relation to an alternative curriculum, and in connection with the aim of ‘making it to the top’. A comparison with a ‘top tier’ business school allows furthering understanding of how the order of business schools relies on the anxiety of finance in order to reproduce an acquiescence to dominant financial imagination.     

‘The current gold coin of the New Jerusalem’: perception,symbolization, and money in Hawthorne’s The Scarlet Letter

ABSTRACT

As an external visual marker of what is supposed by other characters in the novel as its wearer’s ‘internal,’ spiritual state, Hester Prynne’s Scarlet ‘A’ is, among other things, an emblem of a powerful American anxiety regarding the gulf between appearance and reality, symbol and meaning. The desperate and dangerous need for fixed signs and self-evident identities that obsesses Hawthorne’s Puritan-era characters is directly related to the gold-paper money debates that dominated the politics of Hawthorne’s own time, with their concern for issues of ‘character’ and value and what we might now call the gap between the symbolic and the real, or face value and material value.     

Animal Pedagogy: The Origin of ‘Man’ in Rousseau and Herder

Abstract

Animal metaphors and examples in texts of Rousseau and Herder appear as either ideal or abject ancestors and are thereby assimilated into the history of man. In spite of their differences, for both Rousseau and Herder, men become civilised by eating animals. And, their use of animal metaphors and illustrations belie the very distinction between man and animal that their invocation seeks to establish.     

Redefining Resistance: Seeking Fanon's Subject Between ‘the Unified’ and ‘the Dispersed’

Abstract

This essay reads two differing conceptions of subjectivity in Frantz Fanon's work as corresponding to a shift in subjective orientation in certain moments of crisis, from what I term a unified individual – the subject of psychoanalysis – to a dispersed subject, the frenzied participant in collective activity. I believe that such a potential duality within the subject is best adopted when analysing Fanon's oeuvre, as well as when examining a subject's behaviour as participant in forms of unstructured collective protest such as rioting. Whereas the unified subject of psychoanalysis best expresses the consciously self-reflective individual in society, the dispersed subject expresses a subjectivity operating in excess of individualism. This dispersed subject acts collectively, as an object moving in tandem with other objects, without individual reflection. I argue that this shift comprises the initial spark of insurrection suggested in Fanon's work, the moment in which he sees the people pitched ‘in a single direction, from which there is no turning back’; and what Jean-Paul Sartre calls the explosive moment of ‘conflagration’. The two subject positions between which the subject shifts exist as two potential sides of every subject and comprise the ‘Manichean’ world in which Fanon's subject is entrenched.