Event overview
Goldsmiths-IMS Economics Seminars
Abstract:
Since the end of the 1970s, the focus of the UK government has been on nurturing a ‘free’ ownership society while shifting responsibilities from the public to the private sector. Finance and asset accumulation has been advertised as a solution to deal with these rising responsibilities. Despite a growing amount of research into household financial behaviour, recent research does not sufficiently explore how households deal with the pressure to accumulate assets and the impact of such on everyday life. Drawing on semi-structured interviews and Foucault’s concept of governmentality, this paper explores how social norms associated with financialisation of everyday life are related to a particular configuration of power. I show that asset accumulation norms reinforce existing power relationships and impact practices in everyday spaces of consumption, relationships and work. Nevertheless, far from fully succumbing to or resisting financial pressures and instruments, households react as discerning and proactive actors and develop distinct financial strategies.
Ariane Hillig is a doctoral researcher in Economics and Finance and has been a research assistant for diverse research projects at The Open University Business School. Her primary research focus lies in the area of household financial behaviour; with a particular interest in the impact of financialisation on everyday life based on interrelated changes in cultural, institutional and social surroundings. Furthermore, she is interested in methodological discussions surrounding research in financialisation, specifically inter-disciplinary approaches.
Dates & times
| Date | Time | Add to calendar |
|---|---|---|
| 29 Nov 2017 | 4:30pm - 6:00pm |
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