Financial alchemists and financial shamans

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Abstract

Professional money management appears to require little skill, yet its practitioners command astronomical salaries. Singh’s theory of shamanism provides one possible explanation: Financial professionals are the shamans of the global economy. They cultivate the perception of superhuman traits, maintain grueling initiation rituals, and rely on esoteric divination rituals. An anthropological view of markets can usefully supplement economic and psychological approaches.
Original languageEnglish
Article numbere78
JournalBehavioral and Brain Sciences
Volume41
Early online date6 Apr 2018
DOIs
Publication statusPublished - 2018

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