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A wide-ranging investigation of what speculation is, and what is at stake for artistic, curatorial, critical, and institutional practices in relating to their own speculative character. Engaging with the question of speculation in ways that encompass the artistic, the economic, and the philosophical, with excursions into the literary and the scientific, this collection approaches the theme as a powerful logic of contemporary life whose key instantiations are art and finance. Both are premised on the power of contingency, temporality, and experimentation in the creation (and capitalization) of possible worlds. Artistic autonomy, and the self-legislation of the space of art, have often been seen as the freedom to speculate wildly on material and social possibilities. In this context, the artist is seen as a speculative subject and a paragon of creativity—the diametrical opposite of the bean-counter obsessed with balance sheets and value added. However, once social reality becomes speculative and opaque in its own right—risky, algorithmic, and overhauled by networked markets—what becomes of the distinction between not just art and finance but art and life? This anthology surveys material and social inventiveness from the ground up, speculating with technologies, gender, constructs of the family, and systems of logistics and coordination. An ecology of speculation is traced—one that is as broken, specific, and enthralling as the world. Artists Surveyed include Bertolt Brecht, Jerzy Ludwiński, Cameron Rowland, Salvage Art Institute, Andy Warhol, Mi You, PiraMMMida, Sam Lewitt Writers Include Lisa Adkins, Ramon Amaro, Brenna Bhandar, Octavia Butler, Cédric Durand, Georg Wilhelm Friedrich Hegel, Sophie Lewis, Dougal Dixon, Stanisław Lem, Isabelle Stengers and Phillip Pignarre, Steven Shaviro, Can Xue, Daniel Spaulding
Bringing together contributors from Europe, North America and Australia, this book questions the purpose and outcomes of speculation in practical settings. In the context of interrelated and complex global challenges, speculation is not just useful but necessary. The chapters in this book present a cross-disciplinary dialogue of people that are developing work in speculation and interrogates its practices and ethical and political charges. Through these discussions, the book explores the potential of speculation in addressing issues such as climate change, urban futures and new political practices.
The Speculative City explores property speculation as a key aspect of financialization and its role in reshaping the contemporary built environment. The book offers a series of case studies that encompass a range of cities whose urban fabrics have undergone significant transformation in recent years. While the forms of these developments shared many similarities, their trajectories and social outcomes were contingent upon existing planning and policy frameworks and the historical roles assumed by the state and the private sector in housing and welfare provision. By paying close attention to the forces and actors involved in property development, this book underscores that the built environment has played an integral part in the shaping of new values and collective aspirations while facilitating the spread of financial logics in urban governance. It also shows that these dynamics represent a larger shift of politics and culture in the ongoing production of urban space and prompts reflections on future trajectories of finance-led property speculation.
Romanticism and Speculative Realism features a range of scholars working at the intersection of literary poetics and philosophy. It considers how the writing of the Romantic era reconceptualizes the human imagination, the natural world, and the language that correlates them in radical ways that can advance current speculative debates concerning new ontologies and new materialisms. In their wide-ranging examinations of canonical and non-canonical romantic writers, the scholars gathered here rethink the connections between the human and non-human world to envision speculative modes of social being and ecological politics. Spanning historical and national frameworks-from historical romanticism to contemporary post-romantic ecology, and from British and German romanticism to global modernity-these essays examine life in all its varied forms in, and beyond, the Anthropocene.
Experimental philosophy was an exciting and extraordinarily successful development in the study of nature in the seventeenth century. Yet experimental philosophy was not without its critics and was far from the only natural philosophical method on the scene. In particular, experimental philosophy was contrasted with and set against speculative philosophy and, in some quarters, was accused of tending to irreligion. This volume brings together ten scholars of early modern philosophy, history and science in order to shed new light on the complex relations between experiment, speculation and religion in early modern Europe. The first six chapters of the book focus on the respective roles of experimental and speculative philosophy in individual seventeenth-century philosophers. They include Francis Bacon, Robert Boyle, Margaret Cavendish, Thomas Hobbes, John Locke and Isaac Newton. The next two chapters deal with the relation between experimental philosophy and religion with a special focus on hypotheses and natural religion. The penultimate chapter takes a broader European perspective and examines the paucity of concerns with religion among Italian natural philosophers of the period. Finally, the concluding chapter draws all these individuals and themes together to provide a critical appraisal of recent scholarship on experimental philosophy. This book is the first collection of essays on the subject of early modern experimental philosophy. It will appeal to scholars and students of early modern philosophy, science and religion.
The main objective of this 2002 book is to show that behind the bewildering diversity of historical speculative episodes it is possible to find hidden regularities, thus preparing the way for a unified theory of market speculation. Speculative bubbles require the study of various episodes in order for a comparative perspective to be obtained and the analysis developed in this book follows a few simple but unconventional ideas. Investors are assumed to exhibit the same basic behavior during speculative episodes whether they trade stocks, real estate, or postage stamps. The author demonstrates how some of the basic concepts of dynamical system theory, such as the notions of impulse response, reaction times and frequency analysis, play an instrumental role in describing and predicting speculative behavior. This book will serve as a useful introduction for students of econophysics, and readers with a general interest in economics as seen from the perspective of physics.
How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign-restricted structural vector autoregression (SVAR). First, using a simple storage model, we show that revisions to expectations regarding oil market fundamentals and the effect of mispricing in oil derivative markets can be observationally equivalent in a SVAR model of the world oil market à la Kilian and Murphy (2013), since both imply a positive co-movement of oil prices and inventories. Second, we impose additional restrictions on the set of admissible models embodying the assumption that the impact from noise trading shocks in oil derivative markets is temporary. Our additional restrictions effectively put a bound on the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short-run impact is smaller than that of flow demand shocks but possibly larger than that of flow supply shocks.