Madness and Enterprise: Psychiatry, Economic Reason, and the Emergence of Pathological Value
Nima Bassiri
Published:
2024
Online ISBN:
9780226830889
Print ISBN:
9780226830872
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Madness and Enterprise: Psychiatry, Economic Reason, and the Emergence of Pathological Value
Nima Bassiri
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Nima Bassiri
Pages
185–224
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Published:
January 2024
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Bassiri, Nima, 'Appraising Eccentricity', Madness and Enterprise: Psychiatry, Economic Reason, and the Emergence of Pathological Value (
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Bassiri, Nima. "Appraising Eccentricity." In Madness and Enterprise: Psychiatry, Economic Reason, and the Emergence of Pathological Value University of Chicago Press, 2024. Chicago Scholarship Online, 2024. https://doi.org/10.7208/chicago/9780226830889.003.0007.
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Abstract
This final chapter returns to the figure of the eccentric, the emblematic borderland persona who set the book’s entire analysis in motion and presents a case study of eccentricity that exemplifies many of the core themes presented throughout the book. The eccentric in question was John Armstrong Chanler, a turn-of-the-century New York businessman and heir to a vast real-estate fortune who believed himself to be a genuine prophet and medium, in possession of an oracular business acumen. Chanler, who renamed himself “Chaloner,” harnessed the value of both his inherited wealth and his white racial identity in order to recast what was likely an incipient mental disorder into a purportedly remunerative psychological asset. His behaviors and style of life were comprised of performances of pathological privilege that played out, and were repeatedly justified, in economic terms. The chapter considers what it might mean for an individual to adopt and internalize an economic style of psychiatric reasoning, and for such a style to function as a hermeneutic strategy for self-intelligibility. “Chaloner” was a man who recognized himself as psychologically abnormal, but who interpreted and vaunted his abnormality as a lucrative financial asset.
Keywords: eccentricity, X Faculty, textile industry, southern United States, financial speculation, technologies of the self, John Armstrong Chaloner (Chanler), William James, Joseph Jastrow
Subject
History of Science and Technology
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