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The Trading Crowd: An Ethnography of the Shanghai Stock Market (Cambridge Studies in Social and Cultural Anthropology)
 
 
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The Trading Crowd: An Ethnography of the Shanghai Stock Market (Cambridge Studies in Social and Cultural Anthropology) [Paperback]

Ellen Hertz

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Ellen Hertz
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Product Description

In 1992, there was an explosion of 'stock fever' in Shanghai. 'From the moment I set foot in Shanghai until my last day there, people from all walks of life wanted to talk to me about the market', Ellen Hertz writes. Her study sets the stock market and its players in the context of Shanghai society, and it probes the dominant role played by the state, which has yielded a stock market very different from those of the West. A trained anthropologist, she explains the way in which investors and officials construct a 'moral storyline' to make sense of this great structural innovation, identifying a struggle between three groups of actors - the big investors, the little investors, and the state - to control the market.

Book Description

In 1992, an explosion of 'stock fever' hit Shanghai. Ellen Hertz's anthropological study sets the stock market and its players in the context of Shanghai society, and probes the dominant role played by the state, which has yielded a stock market very different from those of the West.

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First Sentence
In September of 1992, a delegation of high-level Taiwanese experts in finance and securities came to Shanghai with the mission of establishing cooperative relations with the Shanghai Securities Exchange (SSE). Read the first page
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