The Case for Financialization

By E. Engelen. Competition & Change, 2008

141 citations recorded by the source corpus.

The tempestuous rise of finance in contemporary capitalism has incited a frantic search for new conceptual tools to make empirical and theoretical sense of it. Financialization and the theoretical connotations it carries, is one such new conceptual tool. Although a growing number of scholars are using the concept, its dispersal over the disciplines and relevant research communities — as a brief analysis of the ISI database and other databases suggests —, is still rather limited. On the basis of a constructive reading of the older debate over ‘conceptual stretching’ in the political sciences, the author presents three conditions for conceptual success, to wit: stay focused on the empirical content, look for the conceptual value added, keep causal mechanisms in mind. Combined with the hard but mundane work of organizing workshops, special issues, setting up professional charters, that might just do the trick.

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Citations in the corpus

Financializing space, spacing financialization (2011, background): “While, as highlighted earlier, Engelen et al. (2010) and others have begun to engage with work on performativity, it is surprising how little sustained dialogue there has been between financialization and SSF theorists.”
Reconceptualizing financial innovation: frame, conjuncture and bricolage (2010, background): “And this is manifest in the varieties of capitalism literature, including Hall and Soskice (2001) and Amable (2003) whose idea of national varieties resting on institutional complementarity effectively denies the possibilities of financeled change (see also Engelen & Könings, forthcoming). Hence, it”
The governance of global wealth chains (2017, background): “The extensive research on financialization has focused on processes through which finance is changing market and everyday relationships (see Aitken 2007; Christophers 2013; Engelen 2008; Langley 2008; Lagna 2016; Martin 2007; Zwan 2014).”
Integrating Finance into Global Production Networks (2014, background): “and households and individuals (LEYSHON et al., 2004; ENGELEN, 2008; LANGLEY, 2008; FRENCH et al., 2011).”
World cities under conditions of financialized globalization (2015, background): “While financialization entails a wide set of processes (Engelen, 2008), it can generally be understood as the growing relevance of financial motives, financial markets and financial institutions in the operation of domestic and international economies (Epstein, 2005).”
The Pursuit of (Past) Happiness? Middle-class Indebtedness and American Financialisation (2009, background): “Despite its different manifestations, financialisation is a new conceptual tool used by social scientists across various disciplines ‘to make empirical and theoretical sense of the tempestuous rise of finance in contemporary capitalism’.(2) At its most general level, financialisation evaluates how i”