ABSTRACT
This chapter focuses on the effects of a given economic imaginary in specific crisis situation and the efforts transcend these economic crises by constructing new imaginaries while at the same time preserving and protecting the interests associated with that specific imaginary. The narrative of financial stability and the different technological innovations used to construct market stabilities across four phases of capitalist accumulation. New technological innovations such as Value at Risk (VaR) models, new complex securities, new types of rating models, structured investment vehicles (SIV) and computer algorithms provided the tools to liberalize capital markets. The Bank of England provided a structural form for a money regime that temporarily stabilized capitalist relations only as long as it had enjoyed hegemony in the international economy. The different imaginaries used represented a variety of meaning systems that had the task to signal future economic shifts to guide business and political leaders and to create subjects to fit the new logic of capitalist accumulation.
