Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy.

It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization.

Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

chapter 1|16 pages

Financialization: An Introduction

ByPhilip Mader, Daniel Mertens, Natascha van der Zwan

part A|62 pages

Finance and Financialization: Taking Stock

chapter 2|12 pages

The Value of Financialization and the Financialization of Value

ByBrett Christophers, Ben Fine

chapter 3|12 pages

Entrepreneurship, Finance and Social Stratification

The Socio-Economic Background of Financialization 1
ByChristoph Deutschmann

chapter 4|13 pages

Shareholder Primacy and Corporate Financialization

ByIsmail Erturk

chapter 5|12 pages

Financialization, Money and the State

BySheila Dow

chapter 6|11 pages

The Financialization of Life

ByPaul Langley

part B|68 pages

Approaches to Studying Financialization

chapter 7|11 pages

Financialization as a Socio-technical Process

ByEve Chiapello

chapter 8|10 pages

The Anthropological Study of Financialization

ByHadas Weiss

chapter 9|11 pages

Feminist and Gender Studies Approaches to Financialization

BySigne Predmore

chapter 10|12 pages

How Financialization is Reproduced Politically

ByStefano Pagliari, Kevin L. Young

chapter 11|11 pages

Financialization in Heterodox Economics 1

ByDimitris P. Sotiropoulos, Ariane Hillig

chapter 12|11 pages

Financialization and the Uses of History

ByMareike Beck, Samuel Knafo

part C|91 pages

Structures, Spaces and Sites of Financialization

chapter 13|13 pages

Financialization and Demand Regimes in Advanced Economies 1

ByEngelbert Stockhammer, Karsten Kohler

chapter 15|11 pages

Subordinate Financialization in Emerging Capitalist Economies

ByBruno Bonizzi, Annina Kaltenbrunner, Jeff Powell

chapter 16|12 pages

Financialization and State Transformations

ByYingyao Wang

chapter 17|13 pages

The Financialization of Real Estate

ByManuel B. Aalbers, Rodrigo Fernandez, Gertjan Wijburg

chapter 18|11 pages

Financialization and the Environmental Frontier

BySarah Bracking

chapter 19|14 pages

Offshore Finance

ByRodrigo Fernandez, Reijer Hendrikse

part D|105 pages

Actors, Agency and Politics of Financialization

chapter 20|12 pages

Central Banking, Shadow Banking, and Infrastructural Power 1

ByBenjamin Braun, Daniela Gabor

chapter 21|12 pages

Securities Exchanges

Subjects and Agents of Financialization
ByJohannes Petry

chapter 22|11 pages

The Rise of Institutional Investors

ByJan Fichtner

chapter 23|12 pages

Trusts and Financialization 1

ByBrooke Harrington

chapter 24|13 pages

Impact Investing, Social Enterprise and Global Development

ByDennis Stolz, Karen P.Y. Lai

chapter 25|11 pages

Micro-credit and the Financialization of Low-income Households

ByFelipe González

chapter 27A|6 pages

Essay Forum: Labor in Financialization

Value Logics and Labor: Collateral Damage or Central Focus?
ByPaul Thompson, Jean Cushen

chapter 27B|5 pages

Essay Forum: Labor in Financialization

Financialization and/of Migrant Labor
ByKavita Datta, Vincent Guermond

chapter 27C|5 pages

Essay Forum: Labor in Financialization

Labor in the Financial Era: Assets, Debt and the Speculative Worker
ByLisa Adkins

chapter 27D|4 pages

Essay Forum: Labor in Financialization

A Dual Democratization of Finance? Labor’s Political Question after Financialization
ByMichael A. McCarthy

part E|66 pages

Techniques, Technologies and Cultures of Financialization

chapter 28|11 pages

Culture and Financialization

Four Approaches
ByMax Haiven

chapter 29|11 pages

Financialization as Mathematization

The Calculative and Regulatory Consequences of Risk Management
ByNathan Coombs, Arjen van der Heide

chapter 30|11 pages

“A Machine for Living”

The Cultural Economy of Financial Subjectivity
ByRob Aitken

chapter 31|10 pages

Indebtedness and Financialization in Everyday Life

ByJohnna Montgomerie

chapter 32|10 pages

Financial Literacy Education

A Questionable Answer to the Financialization of Everyday Life
ByJeanne Lazarus

chapter 33|11 pages

Cultures of Debt Management Enter City Hall

ByLaura Deruytter, Sebastian Möller

part F|83 pages

Instabilities, Insecurities and the Discontents of Financialization

chapter 34|12 pages

Financialization and the Increase in Inequality 1

ByOlivier Godechot

chapter 35|12 pages

Financialization and the Crisis of Democracy

ByAndreas Nölke

chapter 36|11 pages

The Bankers’ Club and the Power of Finance

ByGerald Epstein

chapter 37|10 pages

Financialization, Speculation and Instability

BySunanda Sen

chapter 38|10 pages

Reforming Money to Fix Financialization?

ByBeat Weber

chapter 40|12 pages

Historical Perspectives on Current Struggles against Illegitimate Debt

ByChristina Laskaridis, Nathan Legrand, Eric Toussaint