Collection

Special Issue: Financialisation: continuity and change

Across the social sciences and within political economy, financialisation has become a prominent theme. It is most commonly defined as a rise in the role and power of financial interests, institutions and motives over politics, society and the economy broadly. This, in turn, includes diverse phenomena such as shareholder value orientation, real estate booms, shadow banking, securitisation and new forms of wealth. The concept of financialisation has been used to explain a slowdown in business investment, consumption booms based on rising household debt, a return of financial cycles, rising inequality and changing subjectivities. This set of changes is underpinned by various sub-processes, including broad macro-historical shifts, as well as developments of social and cultural transformation. Across the literatures, most scholars emphasise the relatively recent ascent of financialisation. The special issue aims to take stock of the existing research as well as explore the frontiers and limitations of financialisation.

Editors

Articles (10 in this collection)