Fringe Finance
The most recent conversations about financial instability in International Political Economy (IPE) have addressed the ongoing financial chaos of the past five years; a global financial spasm unleashed by the 2008 subprime debacle, ongoing Eurozone instability, and general price volatility in securities markets globally.
Alongside and as part of these broader spasms, however, has been another key trend the intensifying reach of the global financial market into and among those populations which live at its very edges. There are increasing, and increasingly profitable, experiments which are explicitly targeted at those without regular access to full or formalized financial practices. This book places the practices of fringe finance in critical context by situating them within a larger set of discussions in the field. Most importantly, this book is part of a much broader attempt in IPE to rethread the study of finance to questions of cultural and social theory in a meaningful manner. Finance is increasingly subjected to innovative forms of social inquiry influenced by a range of diverse methods including governmentality, actor-network theory and cultural economy. By drawing on several strands of social theory, this book contributes to this broader movement in IPE and helps open more space for the continuation of these interdisciplinary conversations.
This work will be of great interest to students and scholars of IPE, development studies and economic sociology.
Rob Aitken is Associate Professor of International Relations and International Political Economy at the University of Alberta, Canada.
RIPE Series in Global Political Economy
Series Editors: Jacqueline Best (University of Ottawa, Canada), Ian Bruff (Manchester University, UK), Paul Langley (Durham University, UK) and Anna Leander (Copenhagen Business School, Denmark)
Formerly edited by Leonard Seabrooke (Copenhagen Business School, Denmark), Randall Germain (Carleton University, Canada), Rorden Wilkinson (University of Manchester, UK), Otto Holman (University of Amsterdam), Marianne Marchand (Universidad de las Amricas-Puebla), Henk Overbeek (Free University, Amsterdam) and Marianne Franklin (Goldsmiths, University of London, UK)
The RIPE series editorial board are:
Mathias Albert (Bielefeld University, Germany), Mark Beeson (University of Birmingham, UK), A. Claire Cutler (University of Victoria, Canada), Marianne Franklin (Goldsmiths, University of London, UK), Randall Germain (Carleton University, Canada) Stephen Gill (York University, Canada), Jeffrey Hart (Indiana University, USA), Eric Helleiner (Trent University, Canada), Otto Holman (University of Amsterdam, the Netherlands), Marianne H. Marchand (Universidad de las Amricas-Puebla, Mexico), Craig N. Murphy (Wellesley College, USA), Robert OBrien (McMaster University, Canada), Henk Overbeek (Vrije Universiteit, the Netherlands), Anthony Payne (University of Sheffield, UK), V. Spike Peterson (University of Arizona, USA) and Rorden Wilkinson (University of Manchester, UK).
This series, published in association with the Review of International Political Economy, provides a forum for current and interdisciplinary debates in international political economy. The series aims to advance understanding of the key issues in the global political economy, and to present innovative analyses of emerging topics. The titles in the series focus on three broad themes:
the structures, processes and actors of contemporary global transformations
the changing forms taken by governance, at scales from the local and everyday to the global and systemic
the inseparability of economic from political, social and cultural questions, including resistance, dissent and social movements.
The RIPE Series in Global Political Economy aims to address the needs of students and teachers. Titles include:
Transnational Classes and International Relations
Kees van der Pijl
Globalization and Governance
Edited by Aseem Prakash and Jeffrey A. Hart
Nation-States and Money
The Past, Present and Future of National Currencies
Edited by Emily Gilbert and Eric Helleiner
Gender and Global Restructuring:
Sightings, Sites and Resistances
Edited by Marianne H. Marchand and Anne Sisson Runyan
The Global Political Economy of Intellectual Property Rights
The New Enclosures?
Christopher May
Global Political Economy
Contemporary Theories
Edited by Ronen Palan
Ideologies of Globalization -Contending Visions of a New World Order
Mark Rupert
The Clash within Civilisations
Coming to Terms with Cultural Conflicts
Dieter Senghaas
Capitalist Restructuring, Globalisation and the Third Way
Lessons from the Swedish Model
J. Magnus Ryner
Transnational Capitalism and the Struggle over European Integration
Bastiaan van Apeldoorn
World Financial Orders
An Historical International Political Economy
Paul Langley
Global Unions?
Theory and Strategies of Organized Labour in the Global Political Economy
Edited by Jeffrey Harrod and Robert OBrien
Political Economy of a Plural World
Critical Reflections on Power, Morals and Civilizations
Robert Cox with Michael Schechter
The Changing Politics of Finance in Korea and Thailand
From Deregulation to Debacle
Xiaoke Zhang
Anti-Immigrantism in Western Democracies
Statecraft, Desire and the Politics of Exclusion
Roxanne Lynn Doty
The Political Economy of European Employment
European Integration and the Transnationalization of the (Un)Employment Question
Edited by Henk Overbeek
A Critical Rewriting of Global Political Economy
Integrating Reproductive, Productive and Virtual Economies
V. Spike Peterson
International Trade and Developing Countries
Bargaining Coalitions in the GATT & WTO
Amrita Narlikar
Rethinking Global Political Economy
Emerging Issues, Unfolding Odysseys
Edited by Mary Ann Ttreault, Robert A. Denemark, Kenneth P. Thomas and Kurt Burch
Global Institutions and Development
Framing the World?
Edited by Morten Bs and Desmond McNeill
Contesting Globalization
Space and Place in the World Economy
Andr C. Drainville
The Southern Cone Model
The Political Economy of Regional Capitalist Development in Latin America
Nicola Phillips
The Idea of Global Civil Society
Politics and Ethics of a Globalizing Era
Edited by Randall D. Germain and Michael Kenny
Global Institutions, Marginalization, and Development
Craig N. Murphy
Governing Financial Globalization
International Political Economy and Multi-Level Governance
Edited by Andrew Baker, David Hudson and Richard Woodward
Critical Theories, International Relations andthe Anti-Globalisation Movement
The Politics of Global Resistance
Edited by Catherine Eschle and Bice Maiguashca
Resisting Intellectual Property
Debora J. Halbert
Globalization, Governmentality, and Global Politics
Regulation for the Rest of Us?
Ronnie D. Lipschutz, with James K. Rowe
Neoliberal Hegemony
A Global Critique
Edited by Dieter Plehwe, Bernhard Walpen and Gisela Neunhffer
Images of Gramsci
Connections and contentions in political theory and international relations
