Financial Derivatives as Social Policy beyond Crisis
Year: 2014
Type: article
Abstract: The period since the global financial crisis has seen financial derivatives not only grow quantitatively in financial markets but also expand socially as a calculative logic, giving increasing precision to the concept of capital and hence class relations. The logic of derivatives involves deconstructing ‘things’ into a spectrum of tradable risks. The article identifies the ways in which this logic is spreading into an increasing range of social, economic and political policy domains. It posits how, through the logic of derivatives, a range of sociological issues can be seen and re-thought through the eyes of financial calculus.
Source: Sociology
Authors: Dick Bryan, Michael Rafferty
Institution: The University of Sydney
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: green
Funder: Australian Research Council
OpenAlex ID: W1985997262