Minsky proposed classifying firms in three categories: hedge finance units which borrow no more than they are able to service in interest and principal out of operating cash flows, speculative finance units which are overleveraged to the point where they can service interest on their debt out of operating cash flows, but cannot repay the principal, and thus must continually roll over their existing debt, and Ponzi finance units, whose operating cash flows are inadequate even to service interest on their (...) debt. In Minsky’s financial instability hypothesis protracted prosperity leads endogenously to firms overleveraging themselves and transforming a market dominated by hedge finance into one dominated by speculative and Ponzi finance. Since Ponzi finance units are forced to sell off assets to service their existing interest payments, once the market is sufficiently dominated by Ponzi finance units, this creates an oversupply of assets offered for sale, and the resulting debt deflation causes a financial crisis and drastic shortage of liquidity. It appears this crisis state can be brought about by a deceptively low critical mass of Ponzi and speculative finance units. This paper uses a large 2002–2009 quarterly data set of all publicly traded North American firms and foreign firms traded on North American exchanges, a total of 8,905 stocks. Financial ratios are used to classify these firms in each quarter according to Minsky’s FIH categories. Market value is used to weight the categories, and average betas are computed as measures of volatility. Results provide dramatic support for the FIH. The FIH is then reinterpreted in terms of Austrian business cycle theory, which depends on inflationary credit expansion to drive the unsustainable prosperity. According to Minsky’s FIH, unsustainable prosperity emerges endogenously as long periods of economic expansion make borrowers and lenders alike more willing to engage in investment activities for which they fail to see the inherent risk. It becomes clear that this process is amplified and exacerbated by credit expansion. Minsky’s FIH helps flesh out some of the missing dynamics of the malinvestment liquidation phase of ABC theory, and the two views turn out to be surprisingly complementary. (shrink)

The concept of liquid modernity proposed by Zygmunt Bauman suggests a rapidly changing order that undermines all notions of durability. It implies a sense of rootlessness to all forms of social construction. In the field of development, such a concept challenges the meaning of modernization as an effort to establish long lasting structures. By applying this concept to development, it is possible to address the nuances of social change in terms of the interplay between the solid and liquid aspects of (...) modernization. (shrink)

There is nothing new about evil; it has been with us since time immemorial. But there is something new about the kind of evil that characterizes our contemporary liquid-modern world. The evil that characterized earlier forms of solid modernity was concentrated in the hands of states claiming monopolies on the means of coercion and using the means at their disposal to pursue their ends ends that were at times horrifically brutal and barbaric. In our contemporary liquid-modern societies, by contrast, evil (...) has become altogether more pervasive and at the same time less visible. Liquid evil hides in the seams of the canvass woven daily by the liquid-modern mode of human interaction and commerce, conceals itself in the very tissue of human cohabitation and in the course of its routine and day-to-day reproduction. Evil lurks in the countless black holes of a thoroughly deregulated and privatized social space in which cutthroat competition and mutual estrangement have replaced cooperation and solidarity, while forceful individualization erodes the adhesive power of inter-human bonds. In its present form evil is hard to spot, unmask and resist. It seduces us by its ordinariness and then jumps out without warning, striking seemingly at random. The result is a social world that is comparable to a minefield: we know it is full of explosives and that explosions will happen sooner or later but we have no idea when and where they will occur. In this new book, the sequel to their acclaimed work Moral Blindness Zygmunt Bauman and Leonidas Donskis guide the reader through this new terrain in which evil has become both more ordinary and more insidious, threatening to strip humanity of its dreams, alternative projects and powers of dissent at the very time when they are needed most. (shrink)

Bauman offers an exposition of his ideas against the context of art and artistic practices. He draws links between his work on ‘liquid modernity’ and the practices of Gustav Metzger dating back to the 1960s. In particular he stresses how Metzger’s concept of ‘auto-destructive art’ anticipates his own argument on the ways in which contemporary consumerism demands constant novelty, and hence a relentless flow of waste and dissipation - ‘disposal is already contained in the original design’. He develops his insights (...) with reference to the work of Villeglé, Valdes and Braun-Vega who each exemplify key aspects of the liquid modern; creation and destruction, the hopeless and desperate battle for attention, the directionless march of time. It is a sequence of incessant new beginnings, but each new start also contains the seeds of its own destruction and disappearance. (shrink)

In this paper, the concept of liquidation from the chapter on Self-consciousness in Hegel’s Phenomenology of Spirit is reconstructed and then used to deconstruct the systematic transition from sculpture to painting in the passage on the “System of the individual arts” in G.W.F. Hegel’s Aesthetics: Lectures on Fine Art. The aim is to show that such a deconstructed version of Hegel’s art philosophy provides a valid conceptual framework for the analysis of modern, particularly postmodern and contemporary art, which results (...) as liquid or liquidated art. Damien Hirst’s For the Love of God is discussed as major evidence for the concomitant neo-Hegelian claim that modern art has discursive reflection as its necessary supplement. (shrink)

The title of this paper is inspired by the book edited by Domenico Fiormonte entitled Canoni liquidi (Liquid Canons). Of course, the adjective “liquid” refers to Zygmunt Bauman’s term at which my critique is also indirectly aimed. The title of Fiormonte’s book seems to suggest equivalence between textual “mobility” and “liquidity.” Yet the “liquefying” of (literary) canons and the emergence of new intrinsically kinetic or fluid forms of mobile textuality requires a critical assessment that does not prematurely celebrate the funeral (...) of the text as we know it but pays close attention to what seems to be waiting for us beyond the text, as suggested in Francesco Fiorentino’s recent edited volume. This means paying attention to what in my recent book, Il futuro della letteratura (The Future of Literature), I call digital incunabula: objects/textual tools, devices programmed in a twofold, reciprocal sense, whose linguistic properties and rules interact and interfere with the algorithmic procedures of artificial languages. In this programmed and programmable interaction and intermediation one can perceive the horizon of incomprehensibility of posthuman language, providing a new aporetic dimension to Gadamer’s assertion that “the being that can be understood is language.“ This assertion is by now the most significant issue in the horizon of literary (digital) arts. (shrink)

Why would a country strongly influenced by Buddhism's reverence for life allow legalized, widely used abortion? Equally puzzling to many Westerners is the Japanese practice of mizuko rites, in which the parents of aborted fetuses pray for the well-being of these rejected "lives." In this provocative investigation, William LaFleur examines abortion as a window on the culture and ethics of Japan. At the same time he contributes to the Western debate on abortion, exploring how the Japanese resolve their conflicting emotions (...) privately and avoid the pro-life/pro-choice politics that sharply divide Americans on the issue. (shrink)

This paper comments on a recent article “Revolutionary poetry and liquid crystal chemistry: Herman Gorter, Ada Prins and the interface between literature and science” by Hub Zwart, in which the author explores the influence of the liquid crystal research of Ada Prins on the epic poem Pan written by her long-time lover Herman Gorter. The present paper reviews the basic science of liquid crystals and explains the connections between the work of Prins and its influence on the poem. Other examples (...) of the use of “liquid crystal” as a literary device are identified from renaissance poetry, and the uses of the metaphor in these poems are analysed from a scientific perspective. From these examples it is suggested that creative concepts from poetry may contain elements of substance that appear in hitherto unrecognised scientific realities. (shrink)

‘Thinking liquid thoughts’ is an essay aiming at the aggregation of ideas and concepts which emerge and float when enquiring if there are characteristics related with the research of fields that artists could explore as new poetic venues for further works. Nanosciences and nanotechnologies will affect almost all features of everybody’s lives in the near future. What are the issues, either desirable or undesirable, we should try to point to considering the specific view related with art, architecture and design. We (...) also have to ask, which are the skills and tools that artists, architects and designers will need for developing research and creating work in these new fields. Opening with the idea of thinking liquid thoughts the essay also speculates about the possibility of creating interactive responsive works of art, extremely sensitive, exploring poetic possibilities for the creation of material products aiming a bi-univocal relationship between the computer simulation and the material realm. There is also research related with educational games and the programming of poetic journeys using virtual reality technologies, pointing to the convergence of silicon with carbon, which will bring about deep implications in the mode of production of things, thoughts ands processes.modelling, animation and VRML, Java Script and Java 3D languages. (shrink)

Analyses of contemporary surveillance are considered in relation to the growing liquidity of contemporary social relations. When state surveillance is revealed by Edward Snowden to depend on consumer data, this illustrates Bauman’s observations about today’s rapidly mobile and “extraterritorial” power. Such power is increasingly based on highly asymmetrical visibility of watcher and watched but paradoxically also depends on “panoptic selfie-surveillance” which complicates both analysis and ethics in significant ways. Strongly panoptic power, where it still exists, is largely at the margins, (...) in Bauman’s writing, as seen for instance his gesturing towards Loic Wacquant’s. Here, as in Didier Bigo’s “banopticon” the power is exclusionary rather than inclusionary — which was the form of the original panopticon design. But the soft forms of “selfie surveillance” also have panoptic dimensions that demand consideration. The ethical questions now foregrounded go far beyond questions of “privacy”, narrowly conceived, to issues of social inclusion and democratic participation. (shrink)

Over the last 30 years the effects of economic globalisation have transformed education and its relationship to work and everyday working lives. Market reform and the appropriation of ‘learning’ to fuel the knowledge economy produced a lifelong learning educational order, complemented by social inclusion to manage residual and resistant populations. In the process education was decentred, learning spaces were diversified within an education market that served the world of work. Educators were remaindered by a rising tide of coaches, counsellors, learning (...) managers and mentors who ‘facilitate’ rather than ‘teach’. In this groundbreaking book the author contextualises these changes as a way of re-reading our times and its educational effects. The chapters examine the interface of policy and practice and map the shifting relations between educational work and social organisations of learning by developing three key themes: _Liquid learning_: drawing on Bauman’s characterisation of ‘liquid modernity’, the concept of liquid leaning details the cultural conditions that confront educators and those who seek to use education as a social instrument to address economic, social, cultural, environmental and political development _Making spaces of orientation_: designing and realising strategies to address the challenges of "liquid modernity" _Educational work_: considering the specialist expertise that educators as an occupational group bring to the challenges of liquid learning. The case examples that make up the main body of this book show how spaces of orientation are made and how they can be designed to support learning for living in interdependence. Each of these cases is informed by substantial empirical research and fine-grained analyses are used to define the nature of educational work, the resources that are mobilised in constructing contexts for learning, and its contribution to the art of politics that makes spaces of orientation. As the author demonstrates, educators have expertise that is critical in the contemporary globalised world and its politics. (shrink)

It is common for social theorists to utilize the metaphors of ‘flow’, ‘fluidity’, and ‘liquidity’ in order to substantiate the ways in which speed and mobility form the basis for a new kind of information or network society. Yet rarely have these concepts been sufficiently theorized in order to establish their relevance or appropriateness. This article contends that the notion of flow as utilized in social theory is profoundly metaphysical in nature, and needs to be judged as such. Beginning with (...) a discussion of the accelerating timescape that characterizes the network society, it will then move on to examine three main issues with this ‘metaphysics of flux’. First, that the concept of flows unjustly privileges the process of becoming and, as a result, is unable to account for the materiality, substantiality, and agency of the objects being mobilized, and the contingency of their mediation. Second, that it posits the accelerating tendencies of capital as an ontological inevitability, thus discounting resistance to such forces. Finally, that it ignores the human faculty for reason and speculative thought in developing alternative means of political praxis. The solution, it will be argued, is not to abandon metaphysical accounts of the network society, but rather to challenge those accounts that, in exhibiting a crude empiricism, work to justify the status quo. (shrink)

Résumé Les soulèvements d’étudiants canadiens ne se contentent pas d’occuper les rues. Ils stimulent aussi l’émergence de modèles alternatifs de démocratie, comme la « démocratie liquide ». Celle-ci consiste à recourir régulièrement à des consultations populaires (sous forme de référendums, par exemple) sur des enjeux majeurs, avec la possibilité de transférer son vote à quelqu’un d’autre. De quoi raviver nos institutions sclérosées?

After having promoted and then tacitly abandoned the rhetoric of postmodernism, Zygmunt Bauman settled on the metaphor of a modernity that was growing more ‘liquid’ and ‘lighter’ than before. This essay explores the strengths and weaknesses of these metaphors, and attempts to contextualize Bauman’s insights in what has been called by the historian Yuri Slezkine the ‘Mercurian’ culture of diasporic Jewish life.

The way in which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. Market Liquidity offers a more accurate and authoritative take on liquidity and price discovery. The authors start from the assumption that not everyone is present at all times simultaneously on the market, and that even the limited number of participants who are have quite diverse information about the security's fundamentals. As a result, the order (...) flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. This book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated. The authors draw on a vast body of theoretical insights and empirical findings on security price formation that have accumulated in the last thirty years, and have come to form a well-defined field within financial economics known as 'market microstructure.' Focusing on liquidity and price discovery, they analyze the tension between the two, pointing out that when price-relevant information reaches the market through trading pressure rather than through a public announcement, liquidity suffers. The book also confronts many puzzling phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time, why large trades move prices up or down, and why these price changes are subsequently reversed, why we see concentration of securities trading, why some traders willingly disclose their intended trades while others hide them, and why we observe temporary deviations from arbitrage prices. (shrink)

This extended introductory article sets the scene for consideration of liquid modernity and Bauman’s recent work in general. His ideas are placed against Pollock’s concept of the ‘trans-disciplinary’. The ramifications of Bauman’s work for cultural analysis are discussed, particularly his ideas about migration, tourism, borders and the impact of global social trends on citizenship and agency. One central theme is deterritorialization - both in terms of academic disciplines and the shift from solid, defined, localized, territorialized, nation-bound modernity to the liquid (...) modern. (shrink)

In its original formulation, ‘culture’ was intended to be an agent for change, a mission undertaken with the aim of educating ‘the people’ by bringing the best of human thought and creativity to them. But in our contemporary liquid-modern world, culture has lost its missionary role and has become a means of seduction: it seeks no longer to enlighten the people but to seduce them. The function of culture today is not to satisfy existing needs but to create new ones, (...) while simultaneously ensuring that existing needs remain permanently unfulfilled. Culture today likens itself to a giant department store where the shelves are overflowing with desirable goods that are changed on a daily basis - just long enough to stimulate desires whose gratification is perpetually postponed. In this new book Zygmunt Bauman - one of the most brilliant and influential social thinkers of our time - retraces the peregrinations of the concept of culture and examines its fate in a world marked by the powerful new forces of globalization, migration and the intermingling of populations. He argues that Europe has a particularly important role to play in revitalizing our understanding of culture precisely because Europe, with its great diversity of peoples, languages and histories, is the space where the Other is always one’s neighbour and where each is constantly called upon to learn from everyone else. (shrink)

Antony Gormley's Another Place and Olafur Eliasson's Your watercolour machine exemplify passages and combinations of smooth and striated space as beings of sensation on planes of technical and aesthetic composition. They are frames which striate the smoothness of light, water, molten iron, etc., using scientific planes of reference. Smooth and striated mix as boundaries between visitors’ bodies and installation become permeable. Optic becomes tactile, becomes haptic, generative engagement. Both artists experiment with the interface between striated and smooth to encourage visitors (...) to experiment and experience sensation. The installations are liquid spaces; forms of perpetual non-permanence which affect and react with others’ behaviours in processes of co-emergence. (shrink)

This article effectively identifies the high and low volatility state of asset prices in China by constructing the MS-AR model, and further investigates the relationship between different dimensions of liquidity and asset price volatility. Moreover, we try to incorporate liquidity into the analytical framework and adopt the TVP-SV-VAR model to study the time-varying characteristics between monetary policy, liquidity, asset price volatility and macroeconomy. The results are as follows: firstly, it shows that the high or low volatility state of China’s stock (...) market and real estate market can be clearly divided, and display the consistency with the trend of asset price volatility. Secondly, liquidity has a strong ability to explain the high and low volatility state of asset prices, but it shows some hysteresis effects. Thirdly, the time-varying results reveal that monetary policy has a regulating effect on liquidity, and the response cycle of quantitative monetary policy is relatively short, which reflects the effects of macroeconomy precisely. However, price-based monetary policy has a longer response cycle and plays a vital role in the anticipatory adjustment and fine-tuning of asset price volatility. These conclusions can provide an explanation for the attention to asset price bubbles and potential financial risks, and offer decision-making references for the central bank to implement differentiated and dynamic monetary policy choices. (shrink)

The main ideas underlying Bauman’s liquid modernity are explained and then extended to incorporate current ideas about complexity and turbulence. This combination is used to argue that although Bauman himself refuses to offer any resolution to the paradoxes of liquid modernity, complexity theory may be useful: in particular the argument that the seemingly chaotic may actually result in some sort of order. The section also points to the ways in which liquid modernity provides a constant reminder of the underside of (...) contemporary existence; vagabonds and waste as well as tourists and flexibility. (shrink)

We are demonstrating that the Luttinger model with short range interaction can be treated as a type of Fermi liquid. In line with the main dogma of Landau’s theory one can define a fermion excitation renormalized by interaction and show that in terms of these fermions any excited state of the system is described by free particles. The fermions are a mixture of renormalized right and left electrons. The electric charge and chirality of the Landau quasi-particle is discussed.

The intracellular multiprotein complex β‐catenin destruction complex plays a key role in Wnt/β‐catenin signaling. Wnt stimulation induces the assembly of the receptor‐associated signalosome and the inactivation of the destruction complex, leading to β‐catenin accumulation and transcriptional activation of the target genes. The core components of the destruction complex include Axin, APC, GSK3β, CK1α and other proteins. Recent studies demonstrated that Axin and APC undergo liquid–liquid phase separation (LLPS), which is critical for their function to regulate Wnt/β‐catenin signaling. Here, we discuss (...) the possible roles of LLPS in Wnt/β‐catenin signaling and regulation of Axin LLPS by post‐translational modifications. (shrink)

The metrologist: on Marcel Duchamp's Three standard stoppages -- The object-subject: Marcel Broodthaers, merchant of the insincere -- A sense of umor: Jacques Vaché -- The ridiculous subject -- Counting for nothing: the nihilist -- Slippered negligence: the dandy -- The happy melancholic -- Conclusion: A hole in a thing it is not.

Before proceeding, I would like to clarify briefly two interpretative premises, one methodological and one normative, which sustain my argument. Understanding the transformations facing constitutional democratic societies is a demanding task. These transformations, whose multiple causes are socio-economic not merely political, reflect on the one hand in the decline of mass party form of organization and on the other in the success of populism as not simply a movement of contestation but as a ruling power. In this article, I will (...) suggest that the successes of populism are connected to the decline of organized parties, the pillar of constitutional democracy as it emerged after 1945. It is impossible to predict whether populism will succeed in becoming the new form of democracy. It is, however, certain that contemporary representative governments are facing astonishing mutations and the decline of the party form of representative unification of claims and ideas is one of them. My argument relies upon a phenomenology of populism as a movement that is strong in proportion as organized parties are weak, which actually capitalizes on a revolt against intermediary bodies such as parties. 1. (shrink)

This article is a history of liquidity presented as interaction between metaphors and theoretical concepts in social contexts. While taking note of Zygmunt Bauman’s metaphor “liquid modernity,” the study instead surveys the wider conceptual field. The text turns around mercantile liquidity and liquidity in modern economics, as well as older metaphors, notably the famous phrase of the Communist Manifesto, “all that is solid melts into air”, which is revealed to have resonance in texts by poets, notably Heinrich Heine. The main (...) result is the historical consistency of the field, where liquidity is a promise of knowledge and clarity. (shrink)

In the Netherlands, the poet Herman Gorter is mostly known as the author of the neo-romantic poem May and the “sensitivistic” Poems, but internationally he became famous as a propagandist of radical Marxism: the author of influential brochures and of an “open letter” to comrade W.I. Lenin in 1920. During the 1890s, Gorter became increasingly dissatisfied with his poetry, considering it as ego-centric, disinterested and “bourgeois”, unconnected with what was happening in the real world. He wanted to put his poetry (...) on a scientific footing, notably by endorsing a dialectical materialist worldview. In the communist society he envisioned, science would become poetry and poetry would become science. In his opus magnum Pan, two terms are rather prominent, namely heelal and kristal. These signifiers not only reflect important themes, but also two friendships which began around 1900, namely with prominent astronomer and marxist Anton Pannekoek and with Ada Prins, the first woman in the Netherlands who acquired a PhD in chemistry, specialised in liquid crystal research. Whereas Ada Prins is mostly remembered as one of Gorter’s secret lovers, she was first and foremost his educated guide into the complex and enigmatic world of twentieth-century chemistry research. Liquid crystal chemistry became an important source of inspiration for Gorter’s work and the main objective of this paper is to demonstrate her influence on Gorter’s Pan as a scientific poem After presenting the two heroes of this paper, and their work in poetry and chemistry respectively, I will analyse the role of liquid crystals in Herman Gorter’s Pan, highlighting important connections with Ada Prins’ research into liquid crystal chemistry. (shrink)

In the Netherlands, the poet Herman Gorter is mostly known as the author of the neo-romantic poem May and the “sensitivistic” Poems, but internationally he became famous as a propagandist of radical Marxism: the author of influential brochures and of an “open letter” to comrade W.I. Lenin in 1920. During the 1890s, Gorter became increasingly dissatisfied with his poetry, considering it as ego-centric, disinterested and “bourgeois”, unconnected with what was happening in the real world. He wanted to put his poetry (...) on a scientific footing, notably by endorsing a dialectical materialist worldview. In the communist society he envisioned, science would become poetry and poetry would become science. In his opus magnum Pan, two terms are rather prominent, namely heelal and kristal. These signifiers not only reflect important themes, but also two friendships which began around 1900, namely with prominent astronomer and marxist Anton Pannekoek and with Ada Prins, the first woman in the Netherlands who acquired a PhD in chemistry, specialised in liquid crystal research. Whereas Ada Prins is mostly remembered as one of Gorter’s secret lovers, she was first and foremost his educated guide into the complex and enigmatic world of twentieth-century chemistry research. Liquid crystal chemistry became an important source of inspiration for Gorter’s work and the main objective of this paper is to demonstrate her influence on Gorter’s Pan as a scientific poem After presenting the two heroes of this paper, and their work in poetry and chemistry respectively, I will analyse the role of liquid crystals in Herman Gorter’s Pan, highlighting important connections with Ada Prins’ research into liquid crystal chemistry. (shrink)

Existing scholarly work on corporate social responsibility frequently emphasizes either normative/ethical claims about social progress or instrumental/strategic claims about corporate effectiveness, yet less often acknowledges the moral conditions of those undertaking CSR within a specific cultural context. In this paper, we draw attention to the social conditions in which CSR takes place and the related ethics of the subjects that must enact it. Our approach is to document the lived experiences of practitioners in Romania, a post-communist society. Drawing from fifty-three (...) depth interviews with both corporate responsibility practitioners, and managers in non-profit organizations who together work on CSR projects, we describe their experiences of the social and organizational environment, the CSR practices that are undertaken in this context, and the intended and unintended consequences of such work. Using Bauman’s theorization of ethics, including adiaphora and moral distancing, and Borţun’s interpretation of Romanianness, we then theorize liquid CSR as an ambivalence between adiaphoric practice and the moral impulse to do good, resulting in both intended and unintended consequences. (shrink)

Theravada Buddhist sermons in palm-leaf manuscript collections in South and Southeast Asia are frequently bilingual, including portions in the classical language of Pali and a local vernacular, such as Burmese, Sinhala, or Thai. These bilingual sermons prove to be ideal subjects for exploring how Buddhist scriptures function as kinetic, interactive processes of performance and reception. This paper draws on three examples of Pali-Khmer sermons composed in Cambodia between the sixteenth and nineteenth centuries. The three bilingual texts or “bitexts” analyzed in (...) this article each follow a different format: rearranged phrasal gloss, selective sentence gloss, and vernacular expansion. These formats draw on the pan-Theravada technology of the bitext to create a dynamic oscillation between Pali and Khmer passages, amplifying patterns established by differential practices of listening and recitation. The key medium in this process is language, which serves as a fluid intermediary that makes the relational activity of scripture possible. (shrink)

The gig economy has become a hot topic. The term itself derives from the world of entertainment, particularly live music, where performers striving for recognition hope to get a few ‘gigs’ – i.e. short-term and sporadic opportunities for paid employment, with the understanding that such engagements are limited and without any future obligation on either party – employer or employee. This seemingly gives both parties significant autonomy, albeit not in equal measure. Indeed, the terms ‘employer’ and ‘employee’, with respective connotations (...) of extended and enduring responsibility, and mutual obligation, are hotly disputed. Are they self-employed contractors or employees of the company? In what follows, I show how key aspects of Zygmunt Bauman’s work prepare us for an understanding and appreciation of the gig economy, and other more extensive ramifications; particularly those exemplified in the success of the Open Source model, and its potential – or not – to provide the basis for new institutional forms appropriate and acceptable for our current context. (shrink)