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Financialisation of everyday life.

Lai, Karen P.Y. (2018) 'Financialisation of everyday life.', in The new Oxford handbook of economic geography. , pp. 611-627.

Abstract

Over the past few decades, there has been a broad expansion of financial power in which the biopolitical terrain of individual subjectivity, aspiration and forms of conduct at an individual level is increasingly tied to global financial structures. This calls for more systematic and incisive analyses into the household and its constituent elements in understanding the construction and mobilisation of financialised behaviour and outcomes. This chapter identifies three key research themes and highlights some future directions for investigating the financialisation of everyday life. The first theme analyses how new intermediaries of finance have increased the influence and pervasiveness of financial instruments and solutions in everyday life. The second theme examines the discourse of risk-taking and self-management that has shaped the formation of financial subjects. The third theme concerns the role of the state in financialisation and considers whether it is a distant or reactionary agent in ‘context’ or a strategic actor who mobilises financialisation scripts for political-economic purposes. The conclusion puts forward a research agenda that highlights the household as a key site from which to explore the constructions and practices of financialisation and how culture, sentiments, emotions and care matter in economic lives.

Item Type:Book chapter
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Status:Peer-reviewed
Publisher Web site:https://doi.org/0.1093/oxfordhb/9780198755609.013.29
Publisher statement:Lai, Karen P.Y. (2018). Financialisation of everyday life. In The New Oxford Handbook of Economic Geography. Clark, Gordon L., Feldmann, Maryann P. Gertler, Meric & Wojcik, Dariusz Oxford University Press. 611-627, reproduced by permission of Oxford University Press https://doi.org/0.1093/oxfordhb/9780198755609.013.29;
Date accepted:No date available
Date deposited:22 October 2019
Date of first online publication:31 January 2018
Date first made open access:31 January 2020

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