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Whereas we’ve grow to be more and more weak to the ebb and stream of worldwide finance, most of us know little or no about it. This book focuses on the position of technology in international finance and displays on the moral and societal which means and impact of monetary info and communication applied sciences (ICTs). Exploring the historical past, metaphysics, and geography of money, algorithms, and digital currencies, the writer argues that monetary ICTs contribute to impersonal, disengaged, placeless, and objectifying relations, and that in the context of globalization these 'distancing' results render it more and more troublesome to exercise and ascribe duty. Caught in the currents of capital, it appears that each specialists and lay individuals have misplaced control and lack adequate information of what they’re doing. There’s an excessive amount of epistemic, social, and ethical distance.
On the similar time, the book additionally exhibits that these electronically mediated developments don’t render international finance merely 'digital', for its technological practices stay materials and place-sure, and the moral and social vulnerabilities they create are not any much less actual. Furthermore, understood in phrases of technological practices, international finance stays human by way of and via, and there isn’t any technological determinism. Subsequently, Money Machines additionally examines the methods in which modern techno-monetary developments could be resisted or re-oriented in a morally and socially accountable course – not with out, however with technology. As such, it will attraction to philosophers and students throughout the humanities and the social sciences with pursuits in science and technology, finance, ethics and questions of duty.
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