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Speculation in the Late-Romantic Literary Marketplace
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Late-Romantic writers were explicitly engaged with the marketplace, and this involvement shows itself in the themes and genres of their work. Literature of the 1820s, in particular, responds to the distressing economic events of that decade, which experienced a cycle of rampant speculation followed by a stock-market crash in 1825–6. This article examines allegories and analyses of speculation in texts by Byron, John Galt, Walter Scott, and Willibald Alexis, together with the Poyais scandal, a notorious example of real-world financial speculation. Combining fact and fiction, these rapidly written texts are early examples of ‘speculative fiction’ that illustrate the dynamics of speculation as a self-perpetuating performance that is sustained by belief and vulnerable to contingency.
Title: Speculation in the Late-Romantic Literary Marketplace
Description:
Late-Romantic writers were explicitly engaged with the marketplace, and this involvement shows itself in the themes and genres of their work.
Literature of the 1820s, in particular, responds to the distressing economic events of that decade, which experienced a cycle of rampant speculation followed by a stock-market crash in 1825–6.
This article examines allegories and analyses of speculation in texts by Byron, John Galt, Walter Scott, and Willibald Alexis, together with the Poyais scandal, a notorious example of real-world financial speculation.
Combining fact and fiction, these rapidly written texts are early examples of ‘speculative fiction’ that illustrate the dynamics of speculation as a self-perpetuating performance that is sustained by belief and vulnerable to contingency.
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