@inbook{adef29744dda4aaea61809bd805f1a6c,
title = "Financial centres as fields: Reflections on habitus and risk in the nineteenth and twentieth centuries",
abstract = "This article develops a new understanding of the financial centre as a unit of analysis. It draws on Pierre Bourdieu{\textquoteright}s generative structuralism to argue that financial centres constitute fields that possess a distinctive habitus through which risk is judged. Furthermore, Douglass North{\textquoteright}s New Institutional Economics is used to argue that this distinctive habitus is the product of a combination of {"}hard{"} and {"}soft{"} forces: economic and business structures, the role of states, social networks, and cultural factors. It pushes beyond a simple geographical understanding of the financial centre while asserting that the financial centre is indeed a critical level of analysis. Moreover, the approach taken strongly suggests the need for historians of finance to incorporate broader macro-level political, economic, social and cultural developments into their analyses.",
author = "Dilley, {Andrew Richard}",
year = "2017",
month = jan,
day = "17",
language = "English",
series = "Palgrave Studies in the History of Finance",
publisher = "Palgrave Macmillan ",
editor = "Korinna Sch{\"o}nh{\"a}rl",
booktitle = "Decision Taking, Confidence and Risk Management in Banks from Early Modernity to the 20th Century",
}
