Jo Michell
Critical Observations on Financialization and the Financial Process
Michell, Jo; Toporowski, Jan
Authors
Jan Toporowski
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.
Citation
Michell, J., & Toporowski, J. (2014). Critical Observations on Financialization and the Financial Process. International Journal of Political Economy, 42(4), 67-82. https://doi.org/10.2753/IJP0891-1916420404
Journal Article Type | Article |
---|---|
Publication Date | Jan 1, 2014 |
Deposit Date | Sep 13, 2015 |
Journal | International Journal of Political Economy |
Print ISSN | 0891-1916 |
Publisher | Taylor and Francis Group |
Peer Reviewed | Peer Reviewed |
Volume | 42 |
Issue | 4 |
Pages | 67-82 |
DOI | https://doi.org/10.2753/IJP0891-1916420404 |
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