Jump to ContentJump to Main Navigation
Tales from AlbaradoPonzi Logics of Accumulation in Postsocialist Albania$
Users without a subscription are not able to see the full content.

Smoki Musaraj

Print publication date: 2020

Print ISBN-13: 9781501750335

Published to Cornell Scholarship Online: January 2021

DOI: 10.7591/cornell/9781501750335.001.0001

Show Summary Details
Page of

PRINTED FROM Cornell University Press SCHOLARSHIP ONLINE (www.cornell.universitypressscholarship.com). (c) Copyright University of Cornell University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in Cornell for personal use. date: 26 September 2021

Introduction

Introduction

The Tale of Albarado and the Anthropology of Financial Speculation

Chapter:
(p.1) Introduction
Source:
(p.iii) Tales from Albarado
Author(s):

Smoki Musaraj

Publisher:
Cornell University Press
DOI:10.7591/cornell/9781501750335.003.0001

This chapter describes events of excitement and loss in order to gain a better understanding of how people from all walks of life came to invest in financial schemes in Albania, which became intertwined with everyday transactions, dreams, and aspirations. It focuses on the Albanian firms that represent an economic reality that is endemic to capitalist economies, such as speculative bubbles and crashes. These firms were all the rage in the early 1990s Albania, attracting 1.5 million investors, in a country of 3 million. Through the study of the Albanian pyramid firms, the chapter takes an ethnographic view of speculative finance. It traces how the Ponzi logics of accumulation, prevalent in the early 1990s Albania, were intricately connected to the significant political and economic transformations of the end of the twentieth century.

Keywords:   financial schemes, Albanian firms, capitalist economies, Albanian pyramid firms, speculative finance, Ponzi logics, financial excitement, financial loss

Cornell Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.