The Trading Crowd - An Ethnography of the Shanghai Stock Market

In 1992, an explosion of "stock fever" hit Shanghai. Ellen Hertzs 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. She explains the way in which investors and officials construct a "moral storyline" to make sense of this great structural innovation, identifying a struggle among the big investors, the little investors and the state to control the market.

List of contents

Introduction: ways and means; Part I: 1. First contact; 2. The Shanghai stock market and the tributary state; 3. Stock fever; 4. City people, stock people; Part II: 5. The big players; 6. The dispersed players; 7. 'Guojia': the rise and fall of a super-player; 8. Conclusion: the trading crowd; Afterwords; Glossary of Chinese terms; Bibliography; Index.

Summary

In 1992, an explosion of 'stock fever' hit Shanghai. Ellen Hertz's anthropological 1998 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.

Product details

• Authors: Ellen Hertz
• Assisted by: Meyer Fortes (Editor), Edmund Leach (Editor)
• Publisher: Cambridge University Press
• Languages: English
• Product format: Hardback
• Released: 09.10.2012
• EAN: 9780521563550
• ISBN: 978-0-521-56355-0
• No. of pages: 258
• Dimensions: 157 mm x 235 mm x 19 mm
• Weight: 529 g
• Series: Cambridge Studies in Social &
• Subject: Social sciences, law, business > Business > Miscellaneous