At one of the bleakest moments of the global banking crisis, the commentator Martin Wolf wrote: ‘Finance is the web of intermediation binding economic agents to one another, across both space and time’ (Wolf, 2008). That role means that nearly all complex, extensive, modern economic activities are to a degree financialised. There is much variation, however, in how they are financialised (financial logics are plural, not singular), the extent of their financialisation and the cost (monetary and non-monetary) of that financialisation.
|Title of host publication||Finance at Work|
|Number of pages||3|
|Publication status||Published - 5 Jul 2017|
|Name||Routledge International Studies in Money and Banking|