The University of Southampton
University of Southampton Institutional Repository

Financializing space, spacing financialization

Financializing space, spacing financialization
Financializing space, spacing financialization
The paper develops a sympathetic geographical critique of the concept of financialization which seeks to account for the growing influence of financial markets over the unfolding of economy, polity and society. Processes of financialization are claimed to be manifest at a number of scales, from higher levels of instability within the economy as a whole, through pressure exerted on corporations by capital markets, to the equity effects of the financial system on individuals and households. In seeking to explain change within contemporary society, financialization has circulated less widely than similar and related concepts such as neoliberalization. While financialization has the potential to unite researchers across cognate social science fields, thereby building critical mass and recognition within social studies of money and finance, we argue that research has been insufficiently attentive to space and place, both in terms of processes and effects. Financialization is a profoundly spatial phenomenon, representing as it does the search for a spatial-temporal fix, or quasi-resolution of the crisis tendencies of contemporary capitalism. The paper explores a number of possibly fruitful directions for work on financialization, focusing in particular on the idea of financial ecologies.
financial crisis, financial ecologies, financialization, neoliberalism, space
1477-0288
798-819
French, Shaun
f977a670-b22b-4b3f-bca5-03012c1f5a0f
Leyshon, Andrew
7250cfe3-ec46-4872-ace4-ba62060c1bdf
Wainwright, Thomas
b3ed7db0-1679-4068-8241-744328946468
French, Shaun
f977a670-b22b-4b3f-bca5-03012c1f5a0f
Leyshon, Andrew
7250cfe3-ec46-4872-ace4-ba62060c1bdf
Wainwright, Thomas
b3ed7db0-1679-4068-8241-744328946468

French, Shaun, Leyshon, Andrew and Wainwright, Thomas (2011) Financializing space, spacing financialization. Progress in Human Geography, 35 (6), 798-819. (doi:10.1177/0309132510396749).

Record type: Article

Abstract

The paper develops a sympathetic geographical critique of the concept of financialization which seeks to account for the growing influence of financial markets over the unfolding of economy, polity and society. Processes of financialization are claimed to be manifest at a number of scales, from higher levels of instability within the economy as a whole, through pressure exerted on corporations by capital markets, to the equity effects of the financial system on individuals and households. In seeking to explain change within contemporary society, financialization has circulated less widely than similar and related concepts such as neoliberalization. While financialization has the potential to unite researchers across cognate social science fields, thereby building critical mass and recognition within social studies of money and finance, we argue that research has been insufficiently attentive to space and place, both in terms of processes and effects. Financialization is a profoundly spatial phenomenon, representing as it does the search for a spatial-temporal fix, or quasi-resolution of the crisis tendencies of contemporary capitalism. The paper explores a number of possibly fruitful directions for work on financialization, focusing in particular on the idea of financial ecologies.

This record has no associated files available for download.

More information

e-pub ahead of print date: 4 July 2011
Published date: December 2011
Keywords: financial crisis, financial ecologies, financialization, neoliberalism, space
Organisations: Strategy, Innovation & Entrepreneurship

Identifiers

Local EPrints ID: 340861
URI: http://eprints.soton.ac.uk/id/eprint/340861
ISSN: 1477-0288
PURE UUID: ac034589-bb37-4d49-ba27-cabde08920d8

Catalogue record

Date deposited: 06 Jul 2012 08:14
Last modified: 14 Mar 2024 11:31

Export record

Altmetrics

Contributors

Author: Shaun French
Author: Andrew Leyshon
Author: Thomas Wainwright

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×