ABSTRACT
My work can be summed up in very simple terms. Finance wage earners capture rents out of which they are paid exorbitant wages. Many scholars, even the most neoclassical ones, consider that market professionals exploit micro-inefficiencies in the securities market. I show that they also exploit organisational inefficiency. In the language of Bourdieu, over the course of their career in finance they accumulate “capital” from which they draw profits (Bourdieu 2005).
