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)
Related
- Financialization has competing explanations from three distinct scholarly disciplines. (similarity 0.87)
- The financialization literature lacks a unified definition across four competing usages (similarity 0.86)
- Financialization research has spread across disciplines, regions, and mainstream journals. (similarity 0.86)
- Financialization theory links wage-compromise collapse and shareholder value to inequality (similarity 0.85)
- Financialization marks a decisive shift from production-based to finance-driven accumulation. (similarity 0.85)
- Financialization is a pattern of accumulation dominated by financial channels over trade and production (similarity 0.84)
- Financialization shifts capital intermediation from institutions to markets. (similarity 0.84)
- Financialization ultimately represents markets displacing social institutions as society’s organizing principle. (similarity 0.84)
- Financialization is integral to capitalism, not a product of deregulatory excess (similarity 0.83)
- Financialization is how society gets liquidated into marketable commodities (similarity 0.83)
- Financialization lacks rigorous empirical evidence defining its timing and magnitude (similarity 0.83)
- The US economy became increasingly financialized in the post-1970s period. (similarity 0.83)
- Financialization scholarship assumes it is a universal, uniform process (similarity 0.83)
- Assetization remains an unrecognized analytical entry point in financialization research (similarity 0.83)
- Financialization means accumulation through financial channels rather than production (similarity 0.82)
Broader Connections
- Financialization research has spread across disciplines, regions, and mainstream journals.
#expands(0.85) — Natascha van der Zwan, Making Sense of Financialization, 10 - The financialization literature lacks a unified definition across four competing usages
#expands(0.75) — Greta R. Krippner, The Financialization of the American…, 41 - Assetization remains an unrecognized analytical entry point in financialization research
#expands(0.70) — Paul Langley, Assets and Assetization in…, 18