Finance culture is a cultural frame, not an exogenous shift imposed on households.
Evidence
The idea that a finance culture has taken hold in the top part of the SES distribution needs to be explored more fully. We have been careful to avoid implying that finance culture represents some kind of exogenous cultural shift that has independently come to affect our identities. Instead, we have conceived of it as a cultural frame that makes some people look at what they own as assets and offer an appropriate set of tactics to manage our risk, debt and equity. — Neil Fligstein & Adam Goldstein, The Emergence of a Finance Culture in…, 151
Categorization
- DEFINE: Clarifies the key concept: finance culture as a cultural frame that reframes household possessions as assets requiring risk/debt/equity management.
- ADDENDUM: Connects to the financialization of everyday household life theme which underpins the reader’s reading purpose.
- XREF: Echoes the Bourdieu-style framing of culture as a structuring frame; connects to broader financialization literature like Kus 2013 mentioned in the next paragraph. — connects to: Culture is not superstructural but is where financialized capitalism subjugates social values — Max Haiven, Cultures of Financialization, 563; Culture is a process of creating and transforming reality, not an environment. — James W. Carey, Communication as Culture- Essays on…, 323; Financialization is reproduced from everyday life, not imposed by an autonomous elite — Max Haiven, Cultures of Financialization, 129 (+1 more)
Related
- Financialization also operates as a cultural shift toward entrepreneurial self-management of household finances. (similarity 0.88)
- Financialization means financial ideas and tropes migrating out to transform culture. (similarity 0.88)
- Finance both transforms culture and depends on that cultural transformation (similarity 0.86)
- Financialization is reproduced from everyday life, not imposed by an autonomous elite (similarity 0.86)
- Financialization means finance’s logics penetrate the fabric of everyday life (similarity 0.85)
- Financialization forced households to adopt a proactive finance culture beyond just consuming more debt. (similarity 0.85)
- Financialization means finance’s motifs spreading into spheres far from finance proper (similarity 0.85)
- Culture now shapes the financial economy as much as the economy shapes culture (similarity 0.84)
- Financialized cultural attitudes may result from, not drive, expanded financial services. (similarity 0.84)
- Household financialization involves adopting new entrepreneurial mindsets, not just buying more financial products. (similarity 0.84)
- Finance’s grip on culture can be analyzed through a three-part theory of reproduction. (similarity 0.84)
- Financialization colonizes culture through diffuse metaphors, narratives, and techniques (similarity 0.84)
- Culture is not superstructural but is where financialized capitalism subjugates social values (similarity 0.83)
- Finance is sourced from everyday life, not just reaching down from elites (similarity 0.83)
- Cultural forms are a reduced, simplified model for reading the economic real (similarity 0.82)
Broader Connections
- Financialization is reproduced from everyday life, not imposed by an autonomous elite
#corroborates(0.85) — Max Haiven, Cultures of Financialization, 129 - Culture is not superstructural but is where financialized capitalism subjugates social values
#expands(0.80) — Max Haiven, Cultures of Financialization, 563 - Finance both transforms culture and depends on that cultural transformation
#expands(0.80) — Max Haiven, Cultures of Financialization, 31 - Culture is a process of creating and transforming reality, not an environment.
#expands(0.75) — James W. Carey, Communication as Culture- Essays on…, 323