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Finance versus democracy?: theorizing finance in society

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Finance versus democracy? theorizing finance in society. / Walby, Sylvia.

In: Work, Employment and Society, Vol. 27, No. 3, 06.2013, p. 489-507.

Research output: Contribution to journalJournal article

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Walby, S 2013, 'Finance versus democracy? theorizing finance in society', Work, Employment and Society, vol. 27, no. 3, pp. 489-507. https://doi.org/10.1177/0950017013479741

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Walby, Sylvia. / Finance versus democracy? theorizing finance in society. In: Work, Employment and Society. 2013 ; Vol. 27, No. 3. pp. 489-507.

Bibtex

@article{d2e16b36adce46b090ed15ff57e580f8,
title = "Finance versus democracy?: theorizing finance in society",
abstract = "What should be the place of finance in social theory? What is the relationship between finance and democracy? The article identifies four major frameworks that analyse finance: orthodox, drawing on Adam Smith; political economy, drawing on Marx; heterodox, drawing on Keynes and Minsky; and societal, drawing on Polanyi. These frameworks are critically analysed along five dimensions: the conceptualization of finance; the relations between finance and the economy; the relations between finance and the state; the relations between finance and society; and the nature of the social system. A new framework for the analysis of finance in society is constructed from these elements. This is used to analyse the relations between finance and democracy and the prospects for the regulation of finance.",
keywords = "crisis, democracy, economy, finance, gender, social system, social theory",
author = "Sylvia Walby",
year = "2013",
month = "6",
doi = "10.1177/0950017013479741",
language = "English",
volume = "27",
pages = "489--507",
journal = "Work, Employment and Society",
issn = "0950-0170",
publisher = "SAGE Publications Ltd",
number = "3",

}

RIS

TY - JOUR

T1 - Finance versus democracy?

T2 - theorizing finance in society

AU - Walby, Sylvia

PY - 2013/6

Y1 - 2013/6

N2 - What should be the place of finance in social theory? What is the relationship between finance and democracy? The article identifies four major frameworks that analyse finance: orthodox, drawing on Adam Smith; political economy, drawing on Marx; heterodox, drawing on Keynes and Minsky; and societal, drawing on Polanyi. These frameworks are critically analysed along five dimensions: the conceptualization of finance; the relations between finance and the economy; the relations between finance and the state; the relations between finance and society; and the nature of the social system. A new framework for the analysis of finance in society is constructed from these elements. This is used to analyse the relations between finance and democracy and the prospects for the regulation of finance.

AB - What should be the place of finance in social theory? What is the relationship between finance and democracy? The article identifies four major frameworks that analyse finance: orthodox, drawing on Adam Smith; political economy, drawing on Marx; heterodox, drawing on Keynes and Minsky; and societal, drawing on Polanyi. These frameworks are critically analysed along five dimensions: the conceptualization of finance; the relations between finance and the economy; the relations between finance and the state; the relations between finance and society; and the nature of the social system. A new framework for the analysis of finance in society is constructed from these elements. This is used to analyse the relations between finance and democracy and the prospects for the regulation of finance.

KW - crisis

KW - democracy

KW - economy

KW - finance

KW - gender

KW - social system

KW - social theory

U2 - 10.1177/0950017013479741

DO - 10.1177/0950017013479741

M3 - Journal article

VL - 27

SP - 489

EP - 507

JO - Work, Employment and Society

JF - Work, Employment and Society

SN - 0950-0170

IS - 3

ER -