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Macro-finance and the financialisation of economic policy

Published online by Cambridge University Press:  09 November 2023

Samuel Knafo
Samuel Knafo*
Affiliation:
University of Sussex, UK
*
Corresponding author: Samuel Knafo, Department ofInternational Relations, University of Sussex, Falmer, Brighton, BN1 9RH, UK.Email: s.knafo@sussex.ac.uk.
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Reflecting on the broad ambitions of macro-finance, I argue that the commitment to placing finance at the centre of our economic conceptions comes with significant risks that speak directly to the politics of financialisation. By redirecting the focus of economic governance towards finance, macro-finance may consolidate rather than challenge the problematic trends of global finance. More specifically, I argue that the focus of the money view on liquidity has contributed to depoliticising financial governance and aligning it further with the demands of financialisation.

Type
Forum: Critical macro-finance
Information
Finance and Society , Volume 6 , Issue 1 , 2020 , pp. 87 - 94
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits noncommercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
© 2020 The Author(s)

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