Standardisation,disequilibrium,and crisis: The division of labour and financialisation

Abstract

How does financialisation interact with the wider division of labour? One could be excused for thinking the connection was tangential as most articles connect it to shareholder value strategies, growth of finance, changing nature of states and so on. In contrast, this article centralises the relationship. It argues that financialisation is not new and that it is a tendency within capitalism supported or hindered by social re-composition connected to the division of labour. The changing nature of this relationship facilitates regimes of accumulation that are more or indeed less financialised.

Keywords

Benchmarking diversity of labour division of labour financialisation labour process social (re)composition standardisation

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