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The logics of ‘hitting the bottom’
Gunther Teubner

– in other words, for phenomena of collective addiction. ‘Hitting the bottom’ refers to the constitutional moment when either a catastrophe begins or societal forces for change of such intensity are mobilised that the ‘inner constitution’ of the economy transforms under their pressure. Plain money reform is one of several examples that illustrate a

in Critical theory and legal autopoiesis
On the sociological paradoxes of weak dialectical formalism and embedded neoliberalism
Darrow Schecter

, and demarcated from what are often taken to be extra-​ epistemological struggles over contestable interests and politicised values. Stated in these terms, one can see why it is important to consider existing and potentially alternative modalities of political centralisation in conjunction with existing and potentially alternative epistemological questions about systemic coding. It is clear that law, money, education, training, knowledge, politics, and power play some role in the workings of each social system. Yet it would be 142 Critical theory and sociological

in Critical theory and sociological theory
Abstract only
Steven Earnshaw

often linked drinking to poverty, ignoring the more ‘spiritual’ problems which may have been inaugurated by industrial capitalism, as we saw with the case studies in Chapter 1, but which remain evident in the second half of the twentieth century. For the figures in many of the later works money and jobs are not the immediate pressing issues, yet the drinking persists and it is modernity more generally which is the problem. When capitalism does feature in the neo-​liberal period,20 it is in a rather tired way. Hannah in Paradise declares:  ‘Capitalism  –​ whoever

in The Existential drinker
Open Access (free)
Frontier patterns old and new
Philip Nanton

facilitated a range of illegal practices that are invariably secret. 9 In 1989, following the G7 Summit in Paris, an international consortium of governments established a Financial Action Task Force to combat money laundering and financing of terrorism. Since the events of 9/11 regulatory requirements have intensified and a plethora of these instruments, some collective, others set up by individual western

in Frontiers of the Caribbean
Authenticity
Steven Earnshaw

with the New York Giants provides a structure for existence for a period of time, but ultimately it is not the routine itself so much as the sense of the self as a project of authenticity which is at issue for Exley the narrator. The main barrier to authenticity –​the pressure of ‘the they’ –​comes in the form of the American Dream, constituted as it has been (and is) by one or more of money, fame, and beautiful women. He pursues all of these, as he knows he is expected to do by the society he lives in, a society that radiates outwards from his parents, particularly

in The Existential drinker
How social subsystems externalise their foundational paradoxes in the process of constitutionalisation
Gunther Teubner

if the payment operations take on a reflexive mode, i.e. if money supply operations are applied to money operations in daily transactions. However, these reflexive economic operations remain unstable until an internal hierarchy is created within the banking sector, the hierarchy of central banks in their relation to commercial banks. Yet the banking hierarchy cannot be institutionalised exclusively via

in Critical theory and legal autopoiesis
Fugitive souls and free spirits
Steven Earnshaw

: ‘The brothers read also in Francis’s face the familiar scars of alcoholic desolation, which both had developed in their graves. For both had been deeply drunk and vulnerable when the cutthroat Muggins killed them in tandem and took all their money: forty-​eight cents’.5 However, in the novel it is clear to the reader that Francis, unlike these unrelated Phelan predecessors, is not predestined for poverty, as a reader might expect from the above opening, and from the fact that the novel is set in the 1930s. Francis determinedly rejects the possibility of a comfortable

in The Existential drinker
On social systems and societal constitutions
Darrow Schecter

government promises to scrap austerity because of a poor electoral result, or threatens to rate university courses in accordance with the likely salaries the degrees should be able to secure, it is not the clarity of the communication that is in question. It would be more direct and coherent to insist that it is time to re-​code economic, political, and educational systems. Once the economic system is understood in terms of social form, and money is analysed as a medium of symbolic communication and as a code, one can decode the code, so to speak, and collectively opt for

in Critical theory and sociological theory
Philip Nanton

friends that may think of a Western trip’ (McDonald, 2001 : 110). Just as disquieting as the experience of homemaking is the experience of handling money. Currency variety and speculation simply add to the sense of island chaos in Anderson’s view. Currency in circulation as legal tender in St Vincent in the 1830s was a complex mixture, which included the Spanish doubloon (worth $16 or £8 at

in Frontiers of the Caribbean
The mutual paranoia of Jacques Derrida and Niklas Luhmann
Gunther Teubner

by means first of the property code and then of the money code and the programmes of the economy. Instead he analyses the way in which the continuous provocation of the gift permanently interrupts and transcends the circular movement of the economy. What we are dealing with thus are not two competing social theories on the economy which illuminate the same subject matter from different perspectives

in Critical theory and legal autopoiesis