Financialization has both micro and macro scholarly definitions

Evidence

An early, narrow definition of financialization was provided in 2002 in Randy Martin’s Financialization of Daily Life, in which he looks at how finance “insinuates an orientation toward accounting and risk management into all domains of life.” A broader, influential definition of the term came in 2005, when Gerald Epstein posited that financialization refers to “the increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies.” — Andrew deWaard, Derivative Media, 97

Categorization

• DEFINE: Provides the two canonical definitions of financialization (Martin 2002 micro, Epstein 2005 macro) the reader needs as terminology for the whole book.
• XREF: connects to: Financialization has competing explanations from three distinct scholarly disciplines. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30; Financialization lacks rigorous empirical evidence defining its timing and magnitude — Greta R. Krippner, The Financialization of the American…, 13; Financialization is a pattern of accumulation dominated by financial channels over trade and production — Greta R. Krippner, The Financialization of the American…, 42 (+1 more)