The Routledge International Handbook of Financialization

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.

TABLE OF CONTENTS Financialization: An Introduction Philip Mader, Daniel Mertens & Natascha van der Zwan Part A – Finance and Financialization: Taking Stock The Value of Financialization and the Financialization of Value Brett Christophers & Ben Fine Entrepreneurship, Finance and Social Stratification. The Socio-Economic Background of Financialization Christoph Deutschmann Shareholder Primacy and Corporate Financialization Ismail Erturk Financialization, Money and the State Sheila Dow The Financialization of LifePaul Langley Part B – Approaches to Studying Financialization Financialization as a Socio-technical Process Ève Chiapello The Anthropological Study of Financialization Hadas Weiss How Financialization is Reproduced Politically Stefano Pagliari & Kevin Young Feminist and Gender Studies Approaches to Financialization Signe Predmore Financialization in Heterodox Economics Dimitris Sotiropoulos & Ariane Hillig Financialization and the Uses of History Mareike Beck & Samuel Knafo Part C – Structures, Spaces and Sites of Financialization Financialization and Demand Regimes in Advanced Economies Engelbert Stockhammer & Karsten Köhler Economic Development and Variegated Financialization in Emerging Economies Ewa Karwowski Subordinate Financialization in Emerging Capitalist Economies Bruno Bonizzi, Annina Kaltenbrunner & Jeff Powell Financialization and State Transformations Yingyao Wang The Financialization of Real Estate Manuel Aalbers, Rodrigo Fernandez & Gertjan Wijburg Financialization and the Environmental FrontierSarah Bracking Offshore Finance Rodrigo Fernandez & Reijer Hendrikse Part D – Actors, Agency and Politics of Financialization Central Banking, Shadow Banking, and Infrastructural Power Benjamin Braun & Daniela Gabor Securities Exchanges: Subjects and Agents of Financialization Johannes Petry The Rise of Institutional InvestorsJan Fichtner Trusts and Financialization Brooke Harrington Impact Investing, Social Enterprise and Global Development Dennis Stolz & Karen Lai Micro-credit and the Financialization of Low-Income Households Felipe González The Collateralization of Social Policy by Financial Markets in the Global South Lena Lavinas Essay Forum: Labor in Financialization Paul Thompson & Jean Cushen, Kavita Datta & Vincent Guermond, Lisa Adkins, and Michael McCarthy Part E – Techniques, Technologies and Cultures of Financialization Culture and Financialization: Four Approaches Max Haiven The Calculative and Regulatory Consequences of Risk Management Nathan Coombs & Arjen van der Heide ‘A Machine for Living’: The Cultural Economy of Financial Subjectivity Rob Aitken Indebtedness and Financialization in Everyday Life Johnna Montgomerie Financial Literacy Education: A Questionable Answer to the Financialization of Everyday Life Jeanne Lazarus Cultures of Debt Management Enter City Hall Laura Deruytter & Sebastian Möller Part F – Instabilities, Insecurities and the Discontents of Financialization Financialization and the Increase in Inequality Olivier Godechot Financialization and the Crisis of Democracy Andreas Nölke The Bankers' Club and the Power of Finance Gerald Epstein Financialization, Speculation and Instability Sunanda Sen Reforming Money to Fix FinancializationBeat Weber Macro-prudential Regulation Post-crisis and the Resilience of Financialization Matthias Thiemann Historical Perspectives on Current Struggles Against Illegitimate Debt Christina Laskaridis, Nathan Legrand & Eric Toussaint

Philip Mader is a Research Fellow at the Institute of Development Studies (Brighton, UK) and program convenor of the MA in Globalisation, Business and Development. His research focuses on development and the politics of markets. His PhD from the Max Planck Institute for the Study of Societies and the University of Cologne was published as The Political Economy of Microfinance: Financializing Poverty (Palgrave, 2015) and was recognized with the Otto Hahn Medal and the German Thesis Award. Daniel Mertens is Professor of International Political Economy at the University of Osnabrück. Prior to that, he was an assistant professor at Goethe University Frankfurt and a visiting scholar at Northwestern University. He received his PhD from the Max Planck Institute for the Study of Societies and the University of Cologne. His work ranges from the politics of credit markets and banking to analyses of the modern tax state and has been published in outlets such as the Journal of European Public Policy, New Political Economy and Competition & Change. Natascha van der Zwan is Assistant Professor in Public Administration at Leiden University. She does comparative and historical research on financialization and pension systems, investment rules and regulations, and pension fund capitalism. Her article ``Making Sense of Financialization'' (Socio-Economic Review, 2014) has become a key article in scholarship on financialization and is widely used in university courses. Dr Van der Zwan holds a PhD in Political Science from the New School for Social Research.