Question

यशपाल सिंह सोशल साइंस बुक ऑफ क्लास सिक्स चैप्टर नंबर 4 ऑफ सिविक्स लोंग क्वेश्चन आंसर 3 नवंबर
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Answer 1

Answer:

Banking on Words

The Failure of Language in the Age of Derivative Finance

Arjun Appadurai, Goddard Professor in Media, Culture and Communication, New York University

In this provocative look at one of the most important events of our time, renowned scholar Arjun Appadurai argues that the

economic collapse of 2008—while indeed spurred on by greed, ignorance, weak regulation, and irresponsible risk-taking—was,

ultimately, a failure of language. To prove this sophisticated point, he takes us into the world of derivative finance, which has

become the core of contemporary trading and the primary target of blame for the collapse and all our subsequent woes. With

incisive argumentation, he analyses this challengingly technical world, drawing on thinkers such as J. L. Austin, Marcel Mauss, and

Max Weber as theoretical guides to showcase the ways language—and particular failures in it—paved the way for ruin.

Selected Contents: Preface 1. The Logic of Promissory Finance 2. The Entrepreneurial Ethic and the Spirit of Financial

3. The Ghost in the Financial Machine 4. The Sacred Market 5. Sociality, Uncertainty, and Ritual 6. The Charismatic Derivative

7. The Wealth of Dividuals 8. The Global Ambitions of Finance 9. The End of the Contractual Promise.

Explanation: