The Tobin tax and Newcomb's paradox: Financial markets viewed from the perspective of Michel Serres

The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets.

Financial markets are viewed from the perspective of Michel Serres.

Managing volatility is really about managing relationships that can buffer governments against risk. The resolution of a paradox is embracing the paradox.

The work of Michel Serres has not previously been used in analyses of global currency markets. His theory of parasitical relationships offers a novel response to proposals for a Tobin tax.