TY - JOUR AB - Purpose– The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets.Design/methodology/approach– Financial markets are viewed from the perspective of Michel Serres.Findings– Managing volatility is really about managing relationships that can buffer governments against risk. The resolution of a paradox is embracing the paradox.Originality/value– 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. VL - 19 IS - 4 SN - 0953-4814 DO - 10.1108/09534810610676716 UR - https://doi.org/10.1108/09534810610676716 AU - Besson Dominique AU - Downs Alexis AU - Durant Rita AU - Roman Marco ED - Alexis Downs ED - Dominique Besson ED - Pierre Louart ED - Rita Durant PY - 2006 Y1 - 2006/01/01 TI - The Tobin tax and Newcomb's paradox: Financial markets viewed from the perspective of Michel Serres T2 - Journal of Organizational Change Management PB - Emerald Group Publishing Limited SP - 529 EP - 540 Y2 - 2024/04/19 ER -