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An Anthropologist Explains How The Culture Of Wall Street Reshaped The Entire Economy

An Anthropologist Explains How The Culture Of Wall Street Reshaped The Entire Economy

Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance and economics.

Where did the notion come from that the obligation of a company's management is to maximize shareholder returns, even if it means pain for workers? On this week's Odd Lots podcast, we speak with Karen Ho, a professor of anthropology at the University of Minnesota, who can answer the above question. Unlike your typical anthropologist, she did her field work inside a Wall Street bank to discover how the specific culture of finance bled through to the real economy.

To contact the editor responsible for this story: Laura Carlson at lcarlson21@bloomberg.net

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