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  3. The Trading Crowd
  • Cited by 148
Publisher:
Cambridge University Press
Online publication date:
June 2012
Print publication year:
1998
Online ISBN:
9781139166850
DOI:
https://doi.org/10.1017/CBO9781139166850
Subjects:
Area Studies, Social and Cultural Anthropology, Asian Studies, Anthropology
Series:
Cambridge Studies in Social and Cultural Anthropology (108)
Information

Book 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 1998 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.

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