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Record W1868269116 · doi:10.3138/topia.30-31.89

Fictitious Capital: London and the Financial Imagination

2014· article· en· W1868269116 on OpenAlexvenueno aff
Andrew Calcutt

Bibliographic record

VenueTOPIA Canadian Journal of Cultural Studies · 2014
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing, Finance, and Neoliberalism
Canadian institutionsnot available
Fundersnot available
KeywordsCirculation (fluid dynamics)Capital (architecture)Production (economics)BusinessFinancial capitalFinanceDatabase transactionFinancial servicesEconomicsMarket economyComputer scienceEngineeringHuman capitalHistoryMacroeconomics

Abstract

fetched live from OpenAlex

The financial services sector enables capital to expand as it circulates. Accordingly, though it is highly profitable, the sector hardly contributes to the production of capital via the manufacture of commodities. Given that the circulation of capital can only be circuitous, activity undertaken by the financial services sector tends to perform likewise. The circles and spirals that characterize its activities are quite different, then, from the typical shape of the production process—the line. Furthermore, in places where financial services now dominate the local economy, this kind of circularity may also prevail over other areas of activity that are not primarily economic, for example, cultural activity. London is such a location. As a global city (its status confirmed by hosting the Olympic and Paralympic Games in 2012), London’s dual role is to continue the worldwide circulation of capital and to maintain the circulation of meaning—functions fulfilled by financial services and cultural activity, respectively. But to maintain circulation is also to perform a mediating role. Financial circuits, for example, rely upon a variety of brokers whose ‘financial products’ serve as mediating links between the previous transaction and the next. Just as financial circuits are comprised of these mediating links, so, to the extent that London as a whole has taken on this character, the city itself has acquired a mediating role. Accordingly, the people of London have become mediators, first and foremost, positioned, and repeatedly positioning themselves, between successive moments in a continuous process of circulation. Even when not performing this mediating role in a professional, paid-for capacity, many Londoners are constantly rehearsing for it via cellphones, social media and a remix culture which repackages and re-sends existing cultural artefacts, in much the same way that financial ‘products’ are not originals so much as re-iterations of existing products and value, re-configured into selfexpanding forms. Unlike earlier iterations of this capital city (mercantile London; industrial London; imperial London), twenty-first century London is a matrix of finance and culture in which financial activity lends its characteristic shape to contemporary cultural activity.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.903
Threshold uncertainty score0.997

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.020
GPT teacher head0.217
Teacher spread0.198 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2014
Admission routes1
Has abstractyes

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