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The Tobin tax and Newcomb's paradox Financial markets viewed from the perspective of Michel Serres

The Tobin tax and Newcomb's paradox Financial markets viewed from the perspective of Michel Serres Purpose – The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets. Design/methodology/approach – Financial markets are viewed from the perspective of Michel Serres. Findings – Managing volatility is really about managing relationships that can buffer governments against risk. The resolution of a paradox is embracing the paradox. Originality/value – The work of Michel Serres has not previously been used in analyses of global currency markets. His theory of parasitical relationships offers a novel response to proposals for a Tobin tax. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Organizational Change Management Emerald Publishing

The Tobin tax and Newcomb's paradox Financial markets viewed from the perspective of Michel Serres

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Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
0953-4814
DOI
10.1108/09534810610676716
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets. Design/methodology/approach – Financial markets are viewed from the perspective of Michel Serres. Findings – Managing volatility is really about managing relationships that can buffer governments against risk. The resolution of a paradox is embracing the paradox. Originality/value – The work of Michel Serres has not previously been used in analyses of global currency markets. His theory of parasitical relationships offers a novel response to proposals for a Tobin tax.

Journal

Journal of Organizational Change Management – Emerald Publishing

Published: Jul 1, 2006

Keywords: Financial markets; Taxes; Currency options

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