Poetic forms containing rampant money

2020 ◽  
pp. 95-120
Author(s):  
Peter Robinson

This chapter begins with the South Sea Bubble and the Financial Revolution by bringing to light an anonymous Jacobite Pindaric ode written in response to the consequences of this emblematic boom and bust. Other poems or passages on the Bubble by Anne Finch, Gay, Swift and Pope are drawn upon in an exploration of how poetic form may attempt to manage and counteract the rise of stocks and shares, notes of exchange and paper currency. The repeatedly evoked contrast between metallic coin, especially gold, and these fiduciary symbols of value is identified in such poems as Pope’s ‘Of the Use of Riches’ and then followed into the Romantic period in poems by Keats, Shelley and Byron. This distinction is found to influence Shelley’s ‘Defence of Poetry’ through the association between precious metals and poetic value in the essay by Thomas Love Peacock to which it responds.

2000 ◽  
Vol 1 (4) ◽  
pp. 659-674 ◽  
Author(s):  
Larry Neal

Business history forces historians and economists to take a wider view of individuals' actions as economic agents. The risk-managing strategies of Lord Londonderry (also known as “the Money Pitt”) during the financial boom and bust of the South Sea Bubble illustrate this theme well. He dealt in staggering sums for the time but hedged his bets along at least three dimensions: the pecuniary, the personal, and the political. His skills, however, remain unappreciated because he could not manage the ultimate uncertainty always present in human affairs—when will fate bring down the final curtain on one's partners, family and friends, patrons, or one's own person?


Author(s):  
Peter Robinson

Poetry & Money: A Speculation is a study of relationships between poets, poetry, and money from Chaucer to contemporary times. It begins by showing how trust is essential to the creation of value in human exchange, and how money can, depending on conditions, both enable and disable such trustfully collaborative generations of value. Drawing upon a vast range of poetry for its exemplifications, the book includes studies of poetic hardship, religious verse and debt redeeming, the South Sea Bubble and the financial revolution, debates upon metallic and paper currency in the eighteenth and nineteenth centuries, as well as modernist struggles with the gold standard, depression, inflation, and the realised groundlessness of exchange value. With its practitioner’s attention to the minutiae of poetic technique, it considers analogies between words and coins, and between poetic rhythm and the circulation of currencies in an economy. Through its close readings of poems over many centuries directly or indirectly engaged with money, it proposes ways in which, while we cannot escape monetary economies, we can resist, to some extent, being ensnared and diminished by them – through a fresh understanding of values money may serve to enable, ones which are nevertheless beyond price.


Author(s):  
Peter Temin ◽  
Hans-Joachim Voth
Keyword(s):  

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