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Framing essay: the diversity of finance

In: The Handbook of Diverse Economies

Author

Listed:
  • Maliha Safri
  • Yahya M. Madra

Abstract

This framing chapter explores how a diverse economies approach is different to a conventional approach to finance. There are a broad range of actors, institutions, arrangements and markets that comprise the domestic financial sphere and equally there are numerous channels through which financial intermediation occurs. Finance can be speculative (leading to booms and busts), wasteful (as when assets are traded without increasing productive capacities) and extractive; or finance can be emancipatory and solidaristic such that it nurtures and sustains community-oriented activities and ethical commitments. By seeing finance through a lens of diversity, new political possibilities are generated for supporting communities, deepening social relations and solidarity, rebalancing power, and promoting social cooperation and stability.

Suggested Citation

  • Maliha Safri & Yahya M. Madra, 2020. "Framing essay: the diversity of finance," Chapters, in: J. K. Gibson-Graham & Kelly Dombroski (ed.), The Handbook of Diverse Economies, chapter 37, pages 332-345, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18372_37
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    Cited by:

    1. Lukka, Kari & Becker, Albrecht, 2023. "The future of critical interdisciplinary accounting research: Performative ontology and critical interventionist research," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 93(C).

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