This article examines the financial technology of derivatives. Derivatives are financial products whose values are based on possible fluctuations in the values of underlying assets. Hence derivatives markets are markets that trade in the risks of other markets. In order for derivatives markets to function, forms of prognostication that can assess the possible future fluctuations of the underlying markets are necessary. What such prognostications do, the article argues, is to create information out of future possibilities. Building upon a notion of (...) virtuality derived from Gilles Deleuze, Ulrich Beck and Niklas Luhmann, the article shows how market risks and uncertainties, by means of prognostications, cease to be mere possibilities and instead come to have virtual existence. Through the technology of derivatives, uncertainty and risk can be rendered virtual and be traded. The article suggests that this technology is an example of a new way in which capitalism is now expanding self-referentially as it creates markets out of markets; and of how it is colonizing the future by developing new technologies for ‘hyper-speculation’, that is, speculation not in the possible developments of a given asset but simply in the risk of such speculation. (shrink)

Spaces of Geographical Thought examines key ideas like space and place - which inform the geographic imagination. The text: discusses the core conceptual vocabulary of human geography: agency: structure; state: society; culture: economy; space: place; black: white; man: woman; nature: culture; local: global; and time: space; explains the significance of these binaries in the constitution of geographic thought; and shows how many of these binaries have been interrogated and re-imagined in more recent geographical thinking. A consideration of these binaries will (...) define the concepts and situate students in the most current geographical arguments and debates. The text will be required reading for all modules on the philosophy of geography and on geographical theory. (shrink)

This article makes two arguments. First, that advanced information and communication technologies (ICTs) have created multiple parallel flows of consumption that allow us to be productive continuously, in the sense of generating value for the economy. Second, the struggle over social time poses emergent challenges for planning and urban design. After introducing the relevant themes, this article explains how value is derived from labour and the process through which time is made economically productive. Next, it is posited that advanced ICTs, (...) especially mobile devices and associated services, create possibilities for multiple flows of time, freeing consumption from territorial and temporal restrictions, and opening up new forms of labour. This discussion elicits some concerns for those interested in communities and urban space. The article concludes with suggestions for adopting a socio-spatial-temporal outlook to urban planning and design, including designing ‘polyrhythmic’ places and planning for public time. (shrink)