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Insurgent capitalism: Island, bricolage and the re-making of finance

MacKenzie, Donald and Pardo-Guerra, Juan Pablo (2014) Insurgent capitalism: Island, bricolage and the re-making of finance. Economy and Society, 43 (2). pp. 153-182. ISSN 0308-5147

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Identification Number: 10.1080/03085147.2014.881597


Drawing on recent discussions of the material cultures of markets and of financial innovation as bricolage, this paper explores the development of Island, a new share-trading venue set up in 1995. We examine Island's roots in a very specific conflict in the US financial markets and in the information libertarianism of 'hacker culture', and examine the material bricolage involved in Island's construction. The paper also outlines the processes that led to a dramatic 'Latourian' change of scale: Island was originally a 'micro' development on the fringes of US markets, but within little more than a decade key features of Island became close to compulsory, as the nature of North American and Western European share trading changed utterly.

Item Type: Article
Official URL:
Additional Information: © 2014 The Authors © CC BY 4.0
Divisions: LSE
Subjects: H Social Sciences > HJ Public Finance
JEL classification: G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency; Event Studies
G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
Date Deposited: 08 Jul 2014 11:51
Last Modified: 16 May 2024 01:52
Projects: FP7/291733 EPIFM: Evaluation Practices in Financial Markets, RES-062–23-1958
Funders: European Research Council, Economic and Social Research Council

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