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Abstract
Comparatively focusing on the cultural representations of two historic stock market crashes (fin de siècle Argentina and Chile in the early 1980s), this article explores the stock market theory of value that emerges out of a reactionary nineteenth century critique of exchange value and the so-called new economic paradigm based on information technology.
Notes
1. See, respectively, The Historical Novel, The Social History of Art, and A Singular Modernity.
2. Walter Benjamin's work on Charles Baudelaire's lyrical poetry is the fundamental text here for understanding the cultural characteristics and central place that exchange value has for nineteenth century European modernity.
3. For analyses of the Baring crisis see Victor Bulmer-Thomas (Citation2003) and David Rock (Citation2002).
4. All translations from the Spanish are my own.
5. Latifundismo is a system of land ownership based on large landed estates owned by local gentry, absentee landlords, and domestic or foreign corporations.
6. The copper company CODELCO is an important exception to this project of privatization.