A Sociologist’s View on Credit Derivatives (Take 15 Series)

CFA Institute Take 15 Series

Donald MacKenzie gives a sociologist’s perspective on the capital markets and discusses how cultural differences within firms can create valuation discrepancies. Professor MacKenzie also discusses the role of sociology in risk management.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession. 


Photo of Donald MacKenzie

Donald MacKenzie is a professor of sociology at the University of Edinburgh. His research focuses on sociology in the markets, especially the credit derivatives and carbon emissions markets. Professor MacKenzie is the author of several books, including An Engine, Not a Camera: How Financial Models Shape Markets and Material Markets: How Economic Agents Are Constructed, and he is co-author of Do Economists Make Markets? On the Performativity of Economics. He holds BSc and PhD degrees from the University of Edinburgh.

This information is accurate as of the date of recording.



  • Risk Management
  • Derivatives

Price (USD)

Members: FREE
CFA Program Candidates: FREE
Standard Rate: FREE
University: FREE


Length: 11min
Posted: 7/28/2011
Recorded On: 5/10/2011
CE Credits: 0.5 CE
  • Audio Podcast
  • Video Podcast