From financialization to finance

Abstract

In this response to the commentaries, I extend my critique in a new direction, arguing that work on financialization has had the perverse effect of black boxing ‘finance’ and crucial dimensions thereof. In developing this argument, I draw explicitly on, while seeking to generalize from, incisive observations contained in the commentaries. In doing so, I argue that it is important to address limits to financialization—political limits—not identified and addressed in the original article.