| 1. |
- Christophers, Brett
(författare)
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Against (the idea of) financial markets
- 2015
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Ingår i: Geoforum. - : Elsevier BV. - 0016-7185 .- 1872-9398. ; 66, s. 85-93
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Tidskriftsartikel (refereegranskat)abstract
- The difference between bank-based and market-based financial systems is a longstanding and influential conceptual staple of the interdisciplinary literature on finance. This dualistic model has been subjected to wide-ranging critiques over the past decade. Yet, while those critiques productively problematize the relationship between banks and markets presumed by the model, they fail to address the underlying distinction between banks and markets that is also presumed by the model. This article questions that distinction. It argues that financial markets are best understood not as places or platforms where banks and other financial actors come to interact - and thus as essentially separate from banks - but, instead, as, in large part, their interaction; as constituted by it. The article further argues for the political as well as scholarly importance of reconfiguring our ideas of what financial markets are. The idea of markets as separate, reified phenomena not only underpins the scholarly model of bank- and market-based financial systems - it does political work in the wider world, with the appeal to financial markets or, more nebulously, "the market" to rationalize and justify political decision-making having become a commonplace of contemporary public policy discourse. (C) 2015 Elsevier Ltd. All rights reserved.
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| 2. |
- Christophers, Brett
(författare)
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From Marx to market and back again : Performing the economy
- 2014
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Ingår i: Geoforum. - : Elsevier BV. - 0016-7185 .- 1872-9398. ; 57, s. 12-20
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Tidskriftsartikel (refereegranskat)abstract
- This article argues for a more constructive dialogue between political-economic and other heterodox economic approaches to capitalist markets. Arguing that political economists' suspicion of "techno-cultural" approaches is overstated, and drawing closely on the work of David Harvey, the article explores the potential for one particular such approach - that which emphasizes the "performativity" of markets to contribute towards one particular variant of political economy: the classical political economy of Marx.
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| 3. |
- Christophers, Brett, 1971-
(författare)
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Seeing financialization? : Stylized facts and the economy multiple
- 2017
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Ingår i: Geoforum. - : Elsevier BV. - 0016-7185 .- 1872-9398. ; 85, s. 259-268
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Tidskriftsartikel (refereegranskat)abstract
- One of the most prominent stylized facts about contemporary capitalism concerns its "financialization." Like all economic stylized facts, however, facts about financialization are recognized by some commentators and not by others. This article offers one explanation why. It argues that the claims we can make about "the economy" depend upon how we envision that economy in the first place. The economy can be pictured in myriad ways - it is multiple, not singular - and different pictures of it enable the identification of different stylized facts about it. So it is with financialization. The article illustrates this by examining the history of two different traditions of picturing the economy. One - national accounting - increasingly has enabled financialization to be seen; the other - mainstream economics - generally has not.
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