Financial Contagion in an Age of COVID-19: On Biological, Human, and Algorithmic Mimesis
In: CounterText, Jg. 8 (2022), Heft 1, S. 206-226
Online
academicJournal
Zugriff:
This article discusses the financial turmoil unleashed by the COVID-19 pandemic in March 2020. It argues that the market mayhem in which prices plummeted cannot be fully explained by real-economic factors such as uncertainty about the future global economy. Instead, I suggest analysing the events as a manifestation of financial contagion in which the mimesis of market participants becomes an independent explanatory force. In making this argument, the article returns to late nineteenth-century ideas about mimesis and social contagion as well as discussions about the collective mimesis – constitutive of a mimetic turn – that may result from social avalanches.
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Financial Contagion in an Age of COVID-19: On Biological, Human, and Algorithmic Mimesis
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Autor/in / Beteiligte Person: | Borch, Christian |
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Zeitschrift: | CounterText, Jg. 8 (2022), Heft 1, S. 206-226 |
Veröffentlichung: | Edinburgh University Press, 2022 |
Medientyp: | academicJournal |
ISSN: | 2056-4406 |
DOI: | 10.3366/count.2022.0263 |
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