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This paper focuses on private equity in the UK and is set in the context of debates about transformations in the City of London. The article focuses on a particular concept of trust as expressed by senior members of the private equity sector. The argument developed is based on interviews with five senior founding partners of private equity firms who talked to us about their background and education, their understanding of how private equity worked and the basis for successful money making and their relationships with those inside and outside the organization. All interviewees strongly asserted the need for absolute trust between senior partners as an essential condition for the successful operation of their business. At the same time, their description of trust in this context was that while it is deep, it is also easily broken, and that once broken, the breach cannot be forgiven. We call this 'brittle trust': asserted to be simultaneously strong while extremely fragile. The paper argues, drawing on Diego Gambetta's work on the Sicilian Mafia, that this concept of 'trust' reflects a particular understanding of the practice of private equity as a high risk, tough and unforgiving business that nevertheless requires high standards of personal integrity. The study allows us to understand something more about the social ideals that were built into this financial sector by its founders, which we argue formed a crucial part of the transformation of the financial sector. [ABSTRACT FROM AUTHOR]

The relationship between gentrification and globalisation has recently become a significant concern for gentrification scholars. This has involved developing an understanding of how gentrification has become a place-based strategy of class (re)formation during an era in which globalisation has changed sociological structures and challenged previously established indicators of social distinction. This paper offers an alternative reading of the relationship between gentrification and globalisation through examining the results of a mixed method research project which looked at new-build gentrification along the River Thames, London, UK. This research finds gentrification not to be distinguished by the gentrifer-performed practice of habitus within a ‘global context’. Rather, the responsibility for gentrification, and the relationship between globalisation and gentrification, is found to originate with capital actors working within the context of a neoliberal global city. In order to critically conceptualise this form of gentrification, and understand the role of globalisation within the process, the urban theory of Lefebvre is drawn upon. [ABSTRACT FROM AUTHOR]

This paper traces Edward Shils’ transition, during World War II, from enthusiasm to harsh criticism of Karl Mannheim, the Hungarian-born sociologist of knowledge. While serving in London, Shils drew upon a direct and explicit intellectual assault on Mannheim by fellow emigrés to England. Even while Shils maintained regular contact with Mannheim, Shils was exposed to an often vituperative dismissal of Mannheim’s work by Karl Popper and Friedrich Hayek, in the pages of the London School of Economics (LSE) journal Economica. After the war, when both Popper and Shils joined the LSE faculty—Hayek’s affiliation dated to 1931—Shils’ encounter with their critiques was deepened. And in these early postwar years, Shils became close friends with yet another emigré Mannheim critic, Michael Polanyi. Combined, these sustained and sophisticated criticisms helped wrest Shils from his interwar, Mannheim-friendly intellectual coordinates. The implications for Shils’ later propagation of the “mass society theory” label are considered. [ABSTRACT FROM AUTHOR]

abstract The paper describes a developing sociological and psychoanalytic approach to the study of 20 London families in the early 1950s. [ABSTRACT FROM AUTHOR]