The performativity of the yield curve

This article explores the wide-ranging influence of the yield curve – a diagrammatic device for representing the term structure of effective interest rates on market-traded debt instruments – in contemporary monetary, financial and economic life. Drawing on the expanding literature on financial performativity, including within the field of cultural economy, the article submits that by virtue of its centrality to multiple, closely interconnected and often highly recursive sets of relations between economies, financial markets and central banks, the yield curve is performative at a range of different levels; and, parsing various different extant understandings of performativity, the article theorizes the particular nature of such performativity in the yield curve context. Against the grain of the bulk of the literature on financial performativity, however, the article also endeavors to connect the yield curve’s performativity explicitly to questions of privilege (the privileges of representation) and power (the power to perform) and their unequal distribution. That is to say, the article argues that to understand the multidimensional performativity of the yield curve, we need to draw out its political as well as cultural economy.     

Discourse appropriation and category boundary work: casual teachers in the market

With the increasing casualisation of the teacher labour force, there is little written on the experiences of casual teachers and the challenges they face in brokering professional identities within constantly shifting and uncertain work contexts. Being a category bound casual teacher (a product of category boundary work) is a complex subject position. The aim of this article is to advance our understandings of the identity work inherent in casual relief teachers (CRTs) performativity. Anti-essentialist theories support this exploration of CRT subjectivities and processes of discourse appropriation. Using collective biography methodology as re-storied memory work, this article speaks back to neoliberal politics of casualisation. The stories draw attention to how both experienced practitioners and newly graduated teachers might ‘do’ category boundary work within the complexity of school politics as they navigate the uncertainty of gaining and maintaining employment in the Education market.     

The professionalization of instructional leadership in the United States: competing values and current tensions

This paper considers two examples of recent policies affecting teachers' work, Performance Threshold Assessment in England and Chartered Teacher status in Scotland. Through tracing their origins and motivations, a comparative analysis is offered, which seeks to explore the extent of the influence of national contexts on developments in the restructuring process. Both policies purport to meet the professional needs of teachers who are a few years into their careers, yet the Scottish example is strongly oriented towards professional development, while the English example is oriented towards performativity and teacher assessment.     

Hidden in plain sight: defying juridical racialization in Rhinelander v. Rhinelander

This article examines the intersectionality of law and race to argue that law, in its broadest understanding, has played a pivotal role in the performative constitution of racial subjects. This disciplinary regulation, which has operated to “fix” an individual within a racial status under law, has augmented the production of the individual as a raced subject. An analysis of Rhinelander v. Rhinelander, however, illuminates that a defiance of racial performative dictates can render “race” hidden in plain sight. This rendering represents an escape from the regulatory mechanisms of law, posing a counter‐power that threatens to disturb hegemonic whiteness.     

On the Spot: Seeking Acceptance and Expressing Resistance through the Bindi

Abstract

Originally indicative of adherence to Hindu spirituality, the bindi is gaining popularity beyond Indian shores as a trendy fashion accessory. This paper attempts a discursive analysis of the bindi as a performative indicator of acquiescence to the Indian way of life, and as a symbol of resistance to assert individuality and femininity in the pursuit of larger sociopolitical action. Research findings indicate that although it was once considered a quintessential symbol of Indian womanhood, the bindi as a performative identifier has evolved beyond religious significance to include Indo chic, political affiliation, pseudo spiritual identification, as well as feminism and social activism.     

Performing housing debt attachments: forming semi-financialised subjects

ABSTRACT

This article contributes to the understanding of how first-time buyers and their parents form attachments to housing debt. Interviews, carried out in the Czech Republic, with 40 first-time homebuyers and 10 with their parents were used to identify multiple layers of debt performativity. These layers consist of statements expressing moral evaluations and emotions; calculative and cognitive devices; and references to practices. Two arguments are advanced through a framework of layered performativity. The first argument concerns the subjectivities of debtors. Debtors adopt investment concepts in their statements and use calculative devices. However, by relying on familial moral orders of security and familial financial transfers, these debtors must be regarded rather as semi-financialised subjects. The second argument relates to the re-configuration of social and economic relations in families. Debt attachment endorses the use of intergenerational financial transfers, which in turn may enforce continued intra-familial reciprocity, both in terms of the recipients’ obligation to the providers of a gift or loan as well as concerning an obligation to help their children attain homeownership in the future. Finally, intergenerational transfers also transform the character of the mortgage market and mortgage debt, making informal debts an important part of formal debt circuits.     

The performativity of routines: Theorising the influence of artefacts and distributed agencies on routines dynamics

Drawing from advances in Organisational Studies and recent debates within Economic Sociology and the Sociology of Financial Markets, this paper proposes a theoretical framework that characterises the mutual adaptation between formal routines and rules, on one hand, and actual performances, on the other, as iterative cycles of framing, overflowing and reframing of knowledge inputs and actions. This framework, combined with the ethnographic observation of the ‘engineering freeze’ process at a leading automotive manufacturer, allows us to advance Routine Theory by (1) capturing the dynamics of convergence and divergence between procedures and performances; and (2) improving our understanding of the influence of artefacts and distributed agencies on routine evolution.     

The language of performativity? A content analysis concerning differing constructions of leadership for secondary school PE departments

The aim of this paper was to analyse how teachers and government may differ in their views regarding the qualities required to be an effective middle manager with responsibility for Physical Education (PE). Lines of inquiry were based upon the practices associated with a performative work culture and how this has affected teacher language. There is a perception that Heads of Physical Education (HoPE) could possibly hold different views to those espoused by government. A content analysis was used to research differences between the language used by HoPE in the form of questionnaire responses and that used by government through OFSTED publications. An analysis of job adverts for middle management positions in PE was also undertaken to provide an extra dimension for comparison. Results showed that OFSTED documents reflecting government ideology used a language of performativity to describe leadership characteristics at a higher rate than that used by HoPE who revealed a preference for more personal, human attributes. However, both the HoPE responses and the school job adverts did use some performative language. A Foucauldian analysis of these findings suggested that middle managers, in particular, may be reluctantly using performative language to ‘play the game’ within differing power networks in order to claim limited resources.     

Making accountable teachers: the terrors and pleasures of performativity

This article draws from Stephen Ball’s work on markets, managerialism, and performativity to frame a comparative study that examines the reconstitution of the teacher–subject across a pivotal decade in which neoliberal standards and accountability reforms effected significant changes in US education. It juxtaposes two qualitative studies conducted during the implementation of successive standards and accountability movements. The first study of early career English teachers coincided with the implementation of the Bush administration’s No Child Left Behind Act of 2001 (NCLB), and the second took place nearly a decade later as states began to implement value-added teacher assessments in conjunction with the Obama administration’s Race to the Top (RTTT). The juxtaposition of these two studies points to a paradigmatic shift in the construction of teachers’ professional knowledge and subjectivity. While teachers of the first accountability stage positioned NCLB’s (self-) disciplinary mechanisms as external intrusions on their autonomy, professionalism, and practice, the second group positioned RTTT’s accountability mechanisms as the very modes by which they knew themselves and their quality. Thus, these studies show a collapse between the governed (i.e. teachers) and the government (i.e. accountability mechanisms) and the normalization of the marketized teacher, the managed teacher, and the performative teacher.