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- Title
THE MARKET TOTEM: MANA, MONEY AND MORALITY IN LATE MODERNITY.
- Authors
COSGRAVE, JAMES F.
- Abstract
Durkheim was concerned with the anomie generated by a social order too strongly oriented to economic activity and the pursuit of wealth. His last book, The Elementary Forms of Religious Life, is an exploration of the social basis of knowledge and moral authority, but also prospectively links economic life to its religious sources and to "mana." Despite his sociological-moral concerns with diminished moral authority in an emerging industrial, market society, The Elementary Forms of Religious Life provides an analytical framework from which to analyze the totemic nature of stock and financial markets. While contemporary financial markets reveal dangers for solidarity, and demonstrate the continuing relevance of Durkheim's sociological-moral concerns, the analysis of "the market" offers an opportunity to extend the Durkheimian interest in emerging totemic entities and forms of the sacred.
- Subjects
DURKHEIM, Emile, 1858-1917; ELEMENTARY Forms of the Religious Life, The (Book); ANOMY; SOCIAL alienation; FINANCIAL markets; WEALTH &; ethics; HOLY, The
- Publication
Canadian Journal of Sociology, 2014, Vol 39, Issue 4, p667
- ISSN
0318-6431
- Publication type
Article
- DOI
10.29173/cjs19013