The Routledge International Handbook of Financialization: 1st Edition (Hardback) book cover

The Routledge International Handbook of Financialization

1st Edition

Edited by Philip Mader, Daniel Mertens, Natascha van der Zwan


536 pages

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Hardback: 9781138308213
pub: 2019-11-27
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Financialization has become the go-to term for scholars grappling with the growth of finance. This handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy.

It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization.

Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

Table of Contents



  1. Financialization: An Introduction
  2. Philip Mader, Daniel Mertens & Natascha van der Zwan

    Part A – Finance and Financialization: Taking Stock

  3. The Value of Financialization and the Financialization of Value
  4. Brett Christophers & Ben Fine

  5. Entrepreneurship, Finance and Social Stratification. The Socio-Economic Background of Financialization
  6. Christoph Deutschmann

  7. Shareholder Primacy and Corporate Financialization
  8. Ismail Erturk

  9. Financialization, Money and the State
  10. Sheila Dow

  11. The Financialization of Life

    Paul Langley


    Part B – Approaches to Studying Financialization

  13. Financialization as a Socio-technical Process
  14. Ève Chiapello

  15. The Anthropological Study of Financialization
  16. Hadas Weiss

  17. How Financialization is Reproduced Politically
  18. Stefano Pagliari & Kevin Young

  19. Feminist and Gender Studies Approaches to Financialization
  20. Signe Predmore

  21. Financialization in Heterodox Economics
  22. Dimitris Sotiropoulos & Ariane Hillig

  23. Financialization and the Uses of History
  24. Mareike Beck & Samuel Knafo



    Part C – Structures, Spaces and Sites of Financialization

  25. Financialization and Demand Regimes in Advanced Economies
  26. Engelbert Stockhammer & Karsten Köhler

  27. Economic Development and Variegated Financialization in Emerging Economies
  28. Ewa Karwowski

  29. Subordinate Financialization in Emerging Capitalist Economies
  30. Bruno Bonizzi, Annina Kaltenbrunner & Jeff Powell

  31. Financialization and State Transformations
  32. Yingyao Wang

  33. The Financialization of Real Estate
  34. Manuel Aalbers, Rodrigo Fernandez & Gertjan Wijburg

  35. Financialization and the Environmental Frontier

    Sarah Bracking

  36. Offshore Finance
  37. Rodrigo Fernandez & Reijer Hendrikse


    Part D – Actors, Agency and Politics of Financialization

  38. Central Banking, Shadow Banking, and Infrastructural Power
  39. Benjamin Braun & Daniela Gabor

  40. Securities Exchanges: Subjects and Agents of Financialization
  41. Johannes Petry

  42. The Rise of Institutional Investors

    Jan Fichtner

  43. Trusts and Financialization
  44. Brooke Harrington

  45. Impact Investing, Social Enterprise and Global Development
  46. Dennis Stolz & Karen Lai

  47. Micro-credit and the Financialization of Low-Income Households
  48. Felipe González

  49. The Collateralization of Social Policy by Financial Markets in the Global South
  50. Lena Lavinas

  51. Essay Forum: Labor in Financialization
  52. Paul Thompson & Jean Cushen, Kavita Datta & Vincent Guermond, Lisa Adkins, and Michael McCarthy


    Part E – Techniques, Technologies and Cultures of Financialization

  53. Culture and Financialization: Four Approaches
  54. Max Haiven

  55. The Calculative and Regulatory Consequences of Risk Management
  56. Nathan Coombs & Arjen van der Heide

  57. ‘A Machine for Living’: The Cultural Economy of Financial Subjectivity
  58. Rob Aitken

  59. Indebtedness and Financialization in Everyday Life
  60. Johnna Montgomerie

  61. Financial Literacy Education: A Questionable Answer to the Financialization of Everyday Life
  62. Jeanne Lazarus

  63. Cultures of Debt Management Enter City Hall
  64. Laura Deruytter & Sebastian Möller


    Part F – Instabilities, Insecurities and the Discontents of Financialization

  65. Financialization and the Increase in Inequality
  66. Olivier Godechot

  67. Financialization and the Crisis of Democracy
  68. Andreas Nölke

  69. The Bankers' Club and the Power of Finance
  70. Gerald Epstein

  71. Financialization, Speculation and Instability
  72. Sunanda Sen

  73. Reforming Money to Fix Financialization

    Beat Weber

  74. Macro-prudential Regulation Post-crisis and the Resilience of Financialization
  75. Matthias Thiemann

  76. Historical Perspectives on Current Struggles Against Illegitimate Debt

Christina Laskaridis, Nathan Legrand & Eric Toussaint

About the Editors

Philip Mader is a Research Fellow at the Institute of Development Studies at the University of Sussex, UK

Daniel Mertens is currently an assistant professor (Habilitand) in the Department of Political Science at Goethe University in Frankfurt, Germany

Natascha van der Zwan is an Assistant Professor in Public Administration at Leiden University, the Netherlands.

About the Series

Routledge International Handbooks

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Theory