Financialization as Welfare

Social Impact Investing and British Social Policy, 1997-2016
1. Auflage 2019
ISBN: 978-3-030-06099-2
Verlag: Springer International Publishing

Buch, Englisch, 265 Seiten, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 600 g

Providing an in-depth case study on the emergence of social impact investing in the UK, this book develops a new perspective on financialization processes that highlights the roles of non-financial actors. In contrast to the common view that impact investing gears finance toward the solution of social problems, the author analyzes how these investments create new problems and inequalities. To explain how social impact investing became popular in British social policy despite its unclear effectiveness, the author focuses on cooperative relations between institutional entrepreneurs from finance and various non-financial actors. Drawing on field theory, he shows how seemingly unrelated social transformations – such as HM Treasury's expanding role in public service reform – may act as resonance spaces for the spread of finance.

Opening up a new perspective on financialization processes in the terrain of public policy, this book invites readers to refocus scholarship on capitalist dynamics to the meso-level. Based on this analysis, the author also proposes ways to transform social impact investing to increase its potential for reducing global inequalities.

Zielgruppe

Research

Autoren/Hrsg.

Golka, Philipp

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Regierungspolitik Sozialpolitik
• Sozialwissenschaften Soziologie | Soziale Arbeit Spezielle Soziologie Wirtschaftssoziologie, Arbeitssoziologie, Organisationssoziologie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Wohlfahrtsökonomie
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Studien zu einzelnen Ländern und Gebieten

Inhaltsverzeichnis

Introduction.- Financialization and Social Impact Investing.- Financialization, Fields, and Change.- Methodology and Research Methods.- The Financialization of Welfare.- Financialization as Welfare.- Field Emergence and Stabilization.- Financialization, Resonance, and the Emergence of Cross-Field Ties.- Discussion and Conclusion.- Appendices.- References

Über Autor(innen)

Philipp Golka obtained his PhD in Sociology from the Friedrich Schiller University Jena, Germany and has researched financialization at the University of Hamburg, Germany, and the École des Hautes Études en Sciences Sociales Paris, France. He first became interested in impact investing in 2011 and, before becoming a researcher, has held multiple professional positions related to the field.