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Material Cultures of Financialisation (Hardcover)
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Material Cultures of Financialisation (Hardcover)
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This collection offers pathbreaking framing of the material culture
of financialisation. It begins with a tight definition of
financialisation in order to distinguish the phenomenon of
financialisation from its effects and from the looser associations
prevalent within much of the literature such as the presence of
credit or even simply (more extensive) monetary relations. To
locate financialisation within economic and social reproduction, of
which material culture is a part, close attention is paid to the
distinctive forms of financialisation arising from commodification,
commodity form and commodity calculation. The differences in the
extent to which, and how, these prevail are addressed through the
innovative system of provision approach and its framing of material
culture through use of ten distinctive attributes of such cultures,
known as the 10Cs (Constructed, Construed, Conforming, Commodified,
Contextual, Contradictory, Closed, Contested, Collective and
Chaotic). This framing of the cultures attached to financialisation
is then illustrated through case studies demonstrating the diverse
ways in which shifting cultures have served to embed
financialisation in our daily lives. After a discussion of the
material culture of financialisation itself there are two sector
examples which review financial cultures in the provision of water
and housing. These are followed by considerations of
financialisation in financial literacy and financial inclusion, the
media and, finally, well-being. The chapters in this book were
originally published in a special issue of New Political Economy.
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