Massó, M, Davis, M orcid.org/0000-0001-5886-4790 and Abalde Bastero, N (2020) The problematic conceptualization of financialisation: Differentiating causes, consequences and the constitution of socio economic actors' financialised behaviour. Revista Internacional de Sociologia, 78 (4). e169. ISSN 0034-9712
Abstract
Financialisation is a structural and incomplete process of change in contemporary economies. The growth of the financial system in last few decades has been accompanied by an increasingly complex relationship between socio-economic actors and financial markets. In this paper we analyse the causes and consequences of financialisation regarding: an erosion of the capital-labour relationship; the rise of labour income inequality; and the marketization of daily life and social rights. We review the main conceptualizations of financialisation on various research sites corresponding to the main economic actors, that is: non-financial corporations; the state and individuals; and their complex relationship with financial markets. Our primary objective is to evaluate the contributions and limitations of financialisation studies in these research sites and to identify the main methodological challenges in conceptualising financialisation.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 CSIC. This is an open access article under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0) (https://creativecommons.org/licenses/by/4.0/) |
Keywords: | Financial valuation processes; Financialisation; Capital-labour relationship; Marketisation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Sociology and Social Policy (Leeds) |
Funding Information: | Funder Grant number EU - European Union 746622 |
Depositing User: | Symplectic Publications |
Date Deposited: | 05 Sep 2022 15:03 |
Last Modified: | 24 Nov 2023 15:09 |
Status: | Published |
Publisher: | Consejo Superior de Investigaciones Científicas |
Identification Number: | 10.3989/ris.2020.78.4.m20.001 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:152701 |