Contents

Author

Context

In close rhetorical readings of financial journalism, political economy, and the works of Dickens, Eliot, and Trollope, Kornbluh examines the psychological framing of economics, one of the nineteenth century’s most enduring legacies, reminding us that the current dominant paradigm for understanding financial crisis has a history of its own. She shows how novels illuminate this displacement and ironize ideological metaphors linking psychology and economics, thus demonstrating literature’s unique facility for evaluating ideas in process.

Thesis

reality of the financial capital is itself structured like a fiction.

Methodology

The realist novel engages economics neither via reference to economic content nor through its production and consumption in the market, but in its narratological, rhetorical, and temporal structures and the resonance, smooth or sticky, intensive of ironic, across those structures. 

Key Terms

Reading - attending to the aesthetic material of literary language. to the historicist's reduction of literature to discourse. I oppose deconstruction's insistance on the irreducibility of tropes to intuitive ideas, and I work instead to encounter the material and process of literary thinking. 
Social close reading - blending deconstructive techniques and the best historicist impulses to explore the intellectual and political force of literary forms that do not reiterate a preexisting world, but rather limn. ironize, and even unmake forms of worlding.
literature - a mode of thought structured by juxtoposition and condensation, by senuous syntheis and syncretic sedimentation. To pose the question "what connexion could there be?" between voices, motifs, temporalities, and images that and mobilized within one bounded work. 

Criticisms and Questions

Book is mostly useful in showing a powerful approach to Marxist literary reading. Finding an object of study, and to offer a methodology of close reading.  

For Kornbluh, realism written in the 19th-century blossoming of finance capitalism performs much of the same work as political theory. She works with a specifically Marxist framework, but instead of subjugating literature to a Marxist program, her version of “aesthetic mediation” finds similar historical, aesthetic, scientific, and political thought in Marx’s metaphors and in the critiques embodied in novels.
The idea that finance is the naturally complex lifeblood of our economy whose path only a rarefied group of white men can chart, and not the triumph of the middle man: that’s a trope. It’s a cultural narrative, with material consequences. It’s a cultural narrative that engages with the question of what is and isn’t real because, for example, only Goldman Sachs’s money was treated as real in the last crisis.
the realms of value, fiction, and language are inextricable from each other. Money is a real fiction, itself a representation, and as Kornbluh writes, it is like literature, “a kind of representation that makes a claim to value.” Money is “a claim to represent an abstraction that lacks ontological positivity, money contrives to effectuate the concrete existence of that abstract substance” that is value. It’s only in seeing this contrivance that we might see how we create value and what is realistically open to change.

Kornbluh wants to denaturalize one of the “seminal metaphors of late modernity”: the idea of “psychic economies.” 
- What We Talk About When We Talk About Finance By Michelle ChiharaNotes 
 

“By tracing the cultural circulation of two specific tropes–“fictitious capital–” and “psychic economy”–Kornbluh makes a compelling argument about the complex figurative ties that bind the realist novel to our understanding of both capitalism and the psyche. This exciting and original book will make us reconsider the novel’s cultural work as well as that of its criticism.”

-Mario Ortiz-Robles, University of Wisconsin-Madison