A Small Embedded World: Technopols, Arenas and Trespassers

  • Javier Santiso
Part of the The CERI Series in International Relations and Political Economy book series (CERI)


The language of the confidence game is economics. Nearly all the key players are professional trained economists and when not—fund managers for example—they adopt economic language. In a world of probabilities and projections, economics is the highway to financial heavens and a powerful interpretative method in a forward-looking world. They earn M.B.A.s, B.A.s or Ph.D.s in economics from the most prestigious universities. Be it in governments, in international organizations, in rating agencies or in investment houses, they speak fiscal deficits and liquidity ratios. Although they share a common vocabulary they might however differ in their phrasing and conjugation. Economic rhetoric brings powerful tools, assumptions and views of the world. It brings a common technical language shared not only by Wall Street and London actors but also, increasingly, during the past decades, by the emerging market actors, ministers, debt negotiators and central bankers who became free-market believers.


Central Bank Financial Time Hedge Fund Wall Street Journal Fund Manager 
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© Javier Santiso 2003

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