Show Notes
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#WallStreetethnography #shareholdervaluerevolution #employeeliquidity #investmentbankerrecruitment #compensationdrivenrisktaking #Liquidated
Karen Ho’s Liquidated: An Ethnography of Wall Street is a work of economic anthropology that studies the culture of investment banking from the inside. Drawing on participant observation and more than 100 interviews, Ho examines how Wall Street institutions recruit, train, reward, and discard workers, and how those practices shape broader financial behavior. Rather than treating finance as a purely technical domain, the book shows that its decisions are embedded in social norms, elite identity, and organizational pressure. Ho focuses especially on the culture of smartness, long-hours work, shareholder value, employee insecurity, and compensation systems that reward short-term outcomes. The result is a critical portrait of how Wall Street’s internal values helped normalize downsizing, deal making, and risk-taking patterns that have consequences far beyond the firms themselves. The book is both an ethnographic study and an argument about how financial institutions produce instability through everyday workplace culture.