The Trading Crowd - Hertz, Ellen
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In 1992, there was an explosion of 'stock fever' in Shanghai. 'From the moment I set foot in Shanghai until my last day there, people from all walks of life wanted to talk to me about the market', Ellen Hertz writes. Her study sets the stock market and its players in the context of Shanghai society, and it probes the dominant role played by the state, which has yielded a stock market very different from those of the West. A trained anthropologist, she explains the way in which investors and officials construct a 'moral storyline' to make sense of this great structural innovation, identifying a…mehr

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Produktbeschreibung
In 1992, there was an explosion of 'stock fever' in Shanghai. 'From the moment I set foot in Shanghai until my last day there, people from all walks of life wanted to talk to me about the market', Ellen Hertz writes. Her study sets the stock market and its players in the context of Shanghai society, and it probes the dominant role played by the state, which has yielded a stock market very different from those of the West. A trained anthropologist, she explains the way in which investors and officials construct a 'moral storyline' to make sense of this great structural innovation, identifying a struggle between three groups of actors - the big investors, the little investors, and the state - to control the market.

Table of contents:
Introduction: ways and means; Part I: 1. First contact; 2. The Shanghai stock market and the tributary state; 3. Stock fever; 4. City people, stock people; Part II: 5. The big players; 6. The dispersed players; 7. 'Guojia': the rise and fall of a super-player; 8. Conclusion: the trading crowd; Afterwords; Glossary of Chinese terms; Bibliography; Index.

In 1992, an explosion of 'stock fever' hit Shanghai. Ellen Hertz's anthropological study sets the stock market and its players in the context of Shanghai society, and probes the dominant role played by the state, which has yielded a stock market very different from those of the West.

An anthropological study of the Shanghai stock exchange.