Work

Critical Observations on Financialization and the Financial Process

Year: 2013

Type: article

Abstract: The term "financialization" is a recognition that finance has come to play a key role on the modern capitalist economy. But users of the term do not agree on its meaning and recognition of the growing scale of finance has not brought about an increased understanding of financial processes. The paper examines the reasons for increased turnover in financial markets. The main themes in the literature on financialization are examined and shown to lack a coherent account of financial processes that goes beyond the evidence of financial activity.

Source: International Journal of Political Economy

DOI: 10.2753/ijp0891-1916420404

Authors: Jo Michell, Jan Toporowski

Institutions: University of the West of England, University of London, SOAS University of London

Language: English

Topic: Housing, Finance, and Neoliberalism

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2012330682

FWCI: 4.082

Cites: 22

Cited by: 33

Related to: 10