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Clarifying Liquidity

Keynes and Marx, Merchants, and Poets

Rolf Hugoson

This article is a history of liquidity presented as interaction between metaphors and theoretical concepts in social contexts. While taking note of Zygmunt Bauman’s metaphor “liquid modernity,” the study instead surveys the wider conceptual field. The text turns around mercantile liquidity (liquidity as clarification) and liquidity in modern economics (characteristic of all assets), as well as older metaphors, notably the famous phrase of the Communist Manifesto, “all that is solid melts into air” (Alles Ständische und Stehende verdampft), which is revealed to have resonance in texts by poets, notably Heinrich Heine. The main result is the historical consistency of the field, where liquidity is a promise of knowledge and clarity.

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Peter Oakley

Comedy of Errors illustrates not only that the money chain as object type mediated a diverse range of relationships and interactions in Renaissance Europe, but also that the money chain’s social liquidity led to a measure of disquiet and critical comment

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Ingolfur Blühdorn

“Liquid modernity” is a concept that Zygmunt Bauman suggested to

describe a certain condition in advanced modern societies where changeability,

unpredictability, and unreliability have become core features

determining individual life and social interaction.1 Diminishing party loyalty

and increasing voter volatility, erratic but often vociferous articulation

of political preferences and participation, and a marked shift towards populism

all belong to the political fallout from Bauman’s condition of liquidity.

With his notion of the “fluid five-party system,” Oskar Niedermayer has

further developed the metaphor.2 On the one hand, his concept attempts

to capture the new structural characteristics of the German party system,

i.e., its fragmentation and structural asymmetry. On the other hand, it

seeks to capture the changed relationship between the individual parties,

specifically their mutual demarcation and rapprochement in the context of

coalition strategies. Indeed, having to compete in a five-party system and

trying to optimize their strategic position in a context of high unpredictability

is the major new challenge Germany’s political parties are having

to confront.

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Beverly Crawford Ames and Armon Rezai

Gold Standard of the nineteenth and early twentieth centuries was backed by Great Britain and the city of London to provide liquidity which supported deficit countries. Between 1875 and 1913, financial crises were few and far between. When Britain was

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Offshore Desires

Mobility, Liquidity and History in Shakespeare’s Mediterranean

Rui Carvalho Homem

with an ironical, indeed crass cogency, at the intersection of the literal and figurative: mobility and liquidity. Besides the evident primary relevance they have when the topic is displacement by/across stretches of water, both words have socio

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Can a financial bubble burst if no one hears the pop?

Transparency, debt, and the control of price in the Kathmandu land market

Andrew Haxby

, accounted for the vast majority of the banks’ liquidity. Thus, when the war’s end opened the door to more brazen forms of financial investment, Nepali banks were well positioned to take advantage. The country, however, was still in shambles, with few sectors

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Vistas of Future New Mobility Studies

Transfers and Transformations

Georgine Clarsen, Peter Merriman and Mimi Sheller

now, a place of liquidity and flows … and feel that I must explain that the study of mobilities is also historical and critical, and includes a critique of such discourses. Or I get people who think that studying mobilities is “Eurocentric” and anti

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Teppo Eskelinen

more optimally it functions: liquidity, together with a high volume of trading, is seen to imply more accurate price signals as it allows optimal preference satisfaction in the market ( Tapiero 2010: 3 ). It has been a long-term genuine belief of

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Hadas Weiss

inject global markets with liquidity, they are enfranchised with assets whose value hinges on the growth of these markets. Pooled household capital can flow to profitable enterprise, turning each saving and investing worker into a component of the surplus

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Luke B. Wood

implication is that foreign and domestic policy is better understood as suboptimal, compromise solutions rather than realizations of an objective national interest. Context: From a Liquidity and Banking Crisis to a Sovereign Default Crisis What we call the