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Tales from Albarado – Ponzi Logics of Accumulation in Postsocialist Albania - Cornell Scholarship Online
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Tales from Albarado: Ponzi Logics of Accumulation in Postsocialist Albania

Smoki Musaraj


This book revisits times of excitement and loss in early 1990s Albania, in which about a dozen pyramid firms collapsed and caused the country to fall into anarchy and a near civil war. To gain a better understanding of how people from all walks of life came to invest in these financial schemes and how these schemes became intertwined with everyday transactions, dreams, and aspirations, the book looks at the materiality, sociality, and temporality of financial speculations at the margins of global capital. It argues that the speculative financial practices of the schemes were enabled by officia ... More

Keywords: Albania, financial schemes, financial speculations, global capital, entrepreneurship, transnational remittances, free-market reforms, European modernity, capitalism, investment

Bibliographic Information

Print publication date: 2020 Print ISBN-13: 9781501750335
Published to Cornell Scholarship Online: January 2021 DOI:10.7591/cornell/9781501750335.001.0001


Affiliations are at time of print publication.

Smoki Musaraj, author
Ohio University