Haiven, Max, 2013. “The Metaphoric Wealth of Finance: Or, Capitalism with a Différance.” In The Economy as Cultural System: Theory, Capitalism, Crisis, edited by Todd Dufresne, and Clara Sacchetti, 51–71. London: Bloomsbury.
This chapter argues that we can better understand financial speculations and crises, and their effects on society, by employing a theory of metaphor. Like the meaning of metaphors, the value of financial assets is the product of a cultural system. Approaching finance as a sphere of cultural activity helps us identify its dramatic and disastrous relationship to the “real” economy.