ABSTRACT

The expansion of knowledge assets resulting from the Systems of National Accounts (SNA) 2008 changes leads inevitably to the increasing monetization of scientific knowledge, necessitating, on the side of science and technology studies (STS) scholars, a significant engagement with finance, financial markets and financialization processes in order to understand the political economy of technoscience. This chapter illustrates how to pursue this sort of engagement, and argues that STS scholars need to develop yet another competency in their research, particularly in understanding the financing of the scientific enterprise. The chapter also argues that STS scholars also need to engage with finance on a normative level in order to challenge the negative implications of finance for technoscience. It provides a brief outline of the relationship between finance and technoscience. The chapter then discusses several key financial logics, knowledges and processes that impact technoscience. It illustrates these arguments with reference to the life sciences sector.