Downward Mobility
Beginning in the late eighteenth century, as constant growth became the economic norm throughout Europe, fictional stories involving money were overwhelmingly about loss. Novel after novel tells the…
Specifikacia Downward Mobility
Beginning in the late eighteenth century, as constant growth became the economic norm throughout Europe, fictional stories involving money were overwhelmingly about loss. Novel after novel tells the tale of bankruptcy and financial failure, of people losing everything and ending up in debtor's prison, of inheritances lost and daughters left orphaned and poor. In Downward Mobility, Katherine Binhammer argues that these stories of ruin are not simple tales about the losers of capitalism but narratives that help manage speculation of capital's inevitable collapse.Bringing together contemporary critical finance studies with eighteenth-century literary history, Binhammer demonstrates the centrality of the myth of downward mobility to the cultural history of capitalism--and to the emergence of the novel in Britain. Deftly weaving economic history and formal analysis,
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