Financialisation also colonizes non-economic spheres via valuation techniques.
Evidence
Financialisation is usually defined as a process of morphological transformation of capitalism, entailing the capture of resources by finance in the broadest sense through expansion of the financial markets, a rise in the number and variety of financial operators and finally the development of a service industry associated with financial activities (audit, consulting, and law firms, rating agencies, etc.) (Krippner 2005; Epstein 2005; Dume´nil and Le´vy 2001). Our analysis of the financialisation of valuation suggests another aspect of financialisation: the gradual colonisation by specific ”financialised” techniques and calculation methods. — Ève Chiapello, Financialisation of Valuation, 15
Categorization
- XREF: Connects directly to the reading purpose on how financialized valuation colonizes non-financial activity — a bridge between classic financialisation literature (Krippner/Epstein) and the cultural/valuation approach. — connects to: Financialised reasoning can colonise non-monetary measures like scores and percentages. — Ève Chiapello, Financialisation of Valuation, 11; Financialization colonizes culture by fusing economic price with social value — Max Haiven, Cultures of Financialization, 561; Finance creates intangible commodities that exist only through valuation techniques — Ève Chiapello, Financialisation of Valuation, 104 (+7 more)
- DEEPTHINKING: The reframing of financialisation from a macro-structural force (markets, operators, service industry) to the micro-grammar of calculation and valuation is a genuinely paradigm-shifting distinction worth sitting with.
Related
- Financialised valuations override prior forms of valuation and reshape how people act and identify (similarity 0.89)
- Finance creates intangible commodities that exist only through valuation techniques (similarity 0.89)
- Financialised reasoning can colonise non-monetary measures like scores and percentages. (similarity 0.88)
- Financialization colonizes culture by fusing economic price with social value (similarity 0.87)
- Financialised valuation draws on financial economics and mathematical finance. (similarity 0.87)
- Financialization is how society gets liquidated into marketable commodities (similarity 0.86)
- Financial language now reshapes public policy domains historically governed by other values. (similarity 0.86)
- Financialization colonizes culture through diffuse metaphors, narratives, and techniques (similarity 0.84)
- Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter. (similarity 0.84)
- Financialized valuation imposes short-termism and disconnects decisions from material production. (similarity 0.83)
- Financialization lets capital extract value from social life without destroying its creative source ecosystems (similarity 0.83)
- Financialization makes belief in value more central than ever (similarity 0.83)
- Financialization means financial ideas and tropes migrating out to transform culture. (similarity 0.83)
- Finance derives prices for new objects from unrelated market prices (similarity 0.83)
- Financialization means finance’s motifs spreading into spheres far from finance proper (similarity 0.82)
Broader Connections
- Financialization colonizes culture by fusing economic price with social value
#expands(0.93) — Max Haiven, Cultures of Financialization, 561 - Financialised valuations override prior forms of valuation and reshape how people act and identify
#corroborates(0.90) — Ève Chiapello, Financialisation of Valuation, 16 - Financialization colonizes culture through diffuse metaphors, narratives, and techniques
#expands(0.88) — Max Haiven, Cultures of Financialization, 35 - Financialization means finance’s logics penetrate the fabric of everyday life
#expands(0.88) — Max Haiven, Cultures of Financialization, 72 - Finance creates intangible commodities that exist only through valuation techniques
#expands(0.85) — Ève Chiapello, Financialisation of Valuation, 104 - Assetization analysis reveals how nature and society get incorporated into financialized capitalism.
#exemplifies(0.85) — Paul Langley, Assets and Assetization in…, 43 - Value in the bio-economy is produced through valuation practices, not intrinsic to biological matter.
#corroborates(0.85) — Kean Birch, Rethinking Value in the Bio-economy, 1 - Value emerges from relational valuation practices, not from objects themselves.
#corroborates(0.82) — Ève Chiapello, Financialisation of Valuation, 23 - Financialization is how society gets liquidated into marketable commodities
#qualifies(0.80) — Max Haiven, Cultures of Financialization, 566