Poovey, Giddens, and Goody on the Signficance of Double-Entry Book-Keeping for the Modern Economy
Poovey’s account is more deconstructive, exposing how balance rhetorically depoliticizes economic knowledge (aligning with critical histories of facticity), whereas Giddens’s is more reconstructive, treating bookkeeping as an enabling infrastructure for modernity’s dynamic time-space power without deeply interrogating its ideological masking function. Together, they illuminate how the SACT Stack’s foundational “balance” operates as both a rhetorical/epistemological achievement (Poovey) and a temporal-storage/power mechanism (Giddens), sustaining the apparent objectivity and global synchronization of spreadsheet capitalism’s endless ledgers.
Spreadsheets and the Modern Fact made Operational
Spreadsheets are the modern fact made operational. They inherit the rhetorical power of double-entry bookkeeping, extend it through computation, and enforce it through synchronization. To understand spreadsheet capitalism, is not to reject numbers, but to remember that their authority was built, not given.
The Ghost in the Grid: Interpretants and Calculable Traces in Spreadsheet Capitalism
The spreadsheet, as a computational medium, transforms heterogeneous material realities into standardized symbolic inscriptions. To understand this transformation, semiotic theory offers two powerful but distinct conceptual tools: Charles Sanders Peirce’s notion of the interpretant and Jacques Derrida’s concept of the trace. While Peirce emphasizes the generative continuity of meaning through interpretive mediation, Derrida foregrounds the structural absence and deferral that inhabit all signification. Taken together, these frameworks illuminate how the numbers and letters populating financial spreadsheets function as representations of the messy, contingent world.
The Global “Balance Sheet” in Spreadsheet Capitalism
Spreadsheet capitalism builds a global balance sheet by transforming the world into a synchronized, computable set of claims. Through substitution, abstraction, symbolic computing, and telecommunications grids, it creates a system in which liquidity governs outcomes and balance sheets define possibility.
Protected: Spreadsheet Organization Precedes Production
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Professor (full) at State University of New York (SUNY) Korea since 2016. Research Professor for Stony Brook University. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and global political economy
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