Skip to main content Accessibility help
×
Hostname: page-component-586b7cd67f-rdxmf Total loading time: 0 Render date: 2024-11-26T03:18:06.750Z Has data issue: false hasContentIssue false

5 - Valuation Structures

Published online by Cambridge University Press:  28 July 2022

Dave Elder-Vass
Affiliation:
Loughborough University
Get access

Summary

This chapter develops an innovative explanation of the social structures implicated in the construction of financial value. In particular, it explains asset circles: an asset circle is a set of potential investors who see a particular security as investible in the sense that they are aware of its existence and would be prepared to purchase it in the right circumstances. Asset circles are essential to the very existence of financial assets, and an important factor in determining their value. The chapter begins by extending the discussion of critical realist approaches to social ontology, notably the role played by social structures. It then builds incrementally towards the concept of asset circles by first discussing simpler structures that are also fundamental to understanding financial value: norm circles, monetary circles, and monetary complexes.

Type
Chapter
Information
Inventing Value
The Social Construction of Monetary Worth
, pp. 90 - 120
Publisher: Cambridge University Press
Print publication year: 2022

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×