Financialization scholarship spans three approaches with distinct analytic foci.

Evidence

Since the early 2000s, scholars froma variety of disciplines have used the concept of financialization to describe a host of structural changes in the advanced political economies.Studiesoffinancializationinterrogatehowanincreasinglyautonomous realm of global finance has altered the underlying logics of the industrial economy and the inner workings of democratic society. This paper evaluates the insights of morethan a decade of scholarship on financialization. Threeapproaches will be discussed: the emergence of a new regime of accumulation, the ascendency of the shareholder value orientation and the financialization of everyday life. It is argued that a deeper understanding of financialization will lead to a better understanding oforganizedinterests,thepoliticsofthewelfarestate,andprocessesofinstitutional change. — Natascha van der Zwan, Making Sense of Financialization, 2

Categorization

  • DEFINE: Maps the three canonical approaches to financialization: accumulation regime, shareholder value, everyday life.
  • ADDENDUM: This field-mapping of financialization approaches is background for understanding financial capital as infrastructure, relevant to the trees-as-infrastructure framing.
  • corroborated: 2 independent passages support this claim — Natascha van der Zwan, Making Sense of Financialization, 2
  • XREF: connects to: Financialization has competing explanations from three distinct scholarly disciplines. — Gerald F. Davis & Suntae Kim, Financialization of the Economy, 30; Financialization research has spread across disciplines, regions, and mainstream journals. — Natascha van der Zwan, Making Sense of Financialization, 10; The financialization literature lacks a unified definition across four competing usages — Greta R. Krippner, The Financialization of the American…, 41 (+1 more)

Broader Connections