Domesticizing Financial Economies: Studying Finance In-between Market Devices, Everyday Calculation and Government

Joe Deville, Jeanne Lazarus, Mariana Luzzi, José Ossandón

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

Millions of lives in almost every corner of the world are increasingly being shaped by consumer-oriented financial services and products. Whether it is the middle classes or those at the bottom of the social and economic pyramid, both their social opportunities and sources of social exclusion are affected by their everyday participation in finance. From geographers describing the intimacies of contemporary financial ecologies, to sociological studies comparing personalized and quantified credit assessments, to detailed work within science and technology studies on how monetary devices shape conditions of calculative possibility, to the ethnographic assessments of domestic financial and budgetary practices carried out by cultural anthropologists: there is no doubt that recent years have witnessed a proliferation of research that documents the significance of domestic money and debt management practices as well as the precise way financial providers are evaluating, sorting and targeting their consumers.
We believe these diverse trends are starting to converge, and the ambitions of this paper are both to organize scattered literature and to reflect upon the consequences of the new field of research. We use the term “domesticizing financial economies” to collect what we think are four key trajectories. First: “the financialization of the domestic”: certainly debt and finance are more than 5000 years old, but new type of agents and technologies – such as online payday lending, mobile money, payment cards – characterize the financial ecologies people around the world face. Second; “the domestizisation of finance”: financial technologies do not only financialize the domestic, they are continuously domesticized as many recent studies on ordinary accounting, earmarking, informal circuits of debt show. Third, the “domestication of financial economies”: financial literacy programs developed by governmental bodies, international organizations, and banks have become a ubiquitous layer attached to the assemblage of financial economies in many countries. And last but not least, “domesticizing social studies of finance”: studying domesticizing financial economies does not only extend the reach of increasingly relevant social studies of finance, but it requires new methods, a new type of research persona.
Millions of lives in almost every corner of the world are increasingly being shaped by consumer-oriented financial services and products. Whether it is the middle classes or those at the bottom of the social and economic pyramid, both their social opportunities and sources of social exclusion are affected by their everyday participation in finance. From geographers describing the intimacies of contemporary financial ecologies, to sociological studies comparing personalized and quantified credit assessments, to detailed work within science and technology studies on how monetary devices shape conditions of calculative possibility, to the ethnographic assessments of domestic financial and budgetary practices carried out by cultural anthropologists: there is no doubt that recent years have witnessed a proliferation of research that documents the significance of domestic money and debt management practices as well as the precise way financial providers are evaluating, sorting and targeting their consumers.
We believe these diverse trends are starting to converge, and the ambitions of this paper are both to organize scattered literature and to reflect upon the consequences of the new field of research. We use the term “domesticizing financial economies” to collect what we think are four key trajectories. First: “the financialization of the domestic”: certainly debt and finance are more than 5000 years old, but new type of agents and technologies – such as online payday lending, mobile money, payment cards – characterize the financial ecologies people around the world face. Second; “the domestizisation of finance”: financial technologies do not only financialize the domestic, they are continuously domesticized as many recent studies on ordinary accounting, earmarking, informal circuits of debt show. Third, the “domestication of financial economies”: financial literacy programs developed by governmental bodies, international organizations, and banks have become a ubiquitous layer attached to the assemblage of financial economies in many countries. And last but not least, “domesticizing social studies of finance”: studying domesticizing financial economies does not only extend the reach of increasingly relevant social studies of finance, but it requires new methods, a new type of research persona.

Conference

ConferenceSASE 28th Annual Conference
Number28
LocationUniversity of California - Berkeley
CountryUnited States
CityBerkeley
Period24/06/201626/06/2016

Bibliographical note

CBS Library does not have access to the materiale

Cite this

Deville, J., Lazarus, J., Luzzi, M., & Ossandón, J. (2016). Domesticizing Financial Economies: Studying Finance In-between Market Devices, Everyday Calculation and Government. Paper presented at SASE 28th Annual Conference, Berkeley, United States.
Deville, Joe ; Lazarus, Jeanne ; Luzzi, Mariana ; Ossandón, José . / Domesticizing Financial Economies : Studying Finance In-between Market Devices, Everyday Calculation and Government. Paper presented at SASE 28th Annual Conference, Berkeley, United States.20 p.
@conference{2a4fa36f65dd4f39a99771495e539048,
title = "Domesticizing Financial Economies: Studying Finance In-between Market Devices, Everyday Calculation and Government",
abstract = "Millions of lives in almost every corner of the world are increasingly being shaped by consumer-oriented financial services and products. Whether it is the middle classes or those at the bottom of the social and economic pyramid, both their social opportunities and sources of social exclusion are affected by their everyday participation in finance. From geographers describing the intimacies of contemporary financial ecologies, to sociological studies comparing personalized and quantified credit assessments, to detailed work within science and technology studies on how monetary devices shape conditions of calculative possibility, to the ethnographic assessments of domestic financial and budgetary practices carried out by cultural anthropologists: there is no doubt that recent years have witnessed a proliferation of research that documents the significance of domestic money and debt management practices as well as the precise way financial providers are evaluating, sorting and targeting their consumers.We believe these diverse trends are starting to converge, and the ambitions of this paper are both to organize scattered literature and to reflect upon the consequences of the new field of research. We use the term “domesticizing financial economies” to collect what we think are four key trajectories. First: “the financialization of the domestic”: certainly debt and finance are more than 5000 years old, but new type of agents and technologies – such as online payday lending, mobile money, payment cards – characterize the financial ecologies people around the world face. Second; “the domestizisation of finance”: financial technologies do not only financialize the domestic, they are continuously domesticized as many recent studies on ordinary accounting, earmarking, informal circuits of debt show. Third, the “domestication of financial economies”: financial literacy programs developed by governmental bodies, international organizations, and banks have become a ubiquitous layer attached to the assemblage of financial economies in many countries. And last but not least, “domesticizing social studies of finance”: studying domesticizing financial economies does not only extend the reach of increasingly relevant social studies of finance, but it requires new methods, a new type of research persona.",
author = "Joe Deville and Jeanne Lazarus and Mariana Luzzi and Jos{\'e} Ossand{\'o}n",
note = "CBS Library does not have access to the materiale; null ; Conference date: 24-06-2016 Through 26-06-2016",
year = "2016",
language = "English",

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Deville, J, Lazarus, J, Luzzi, M & Ossandón, J 2016, 'Domesticizing Financial Economies: Studying Finance In-between Market Devices, Everyday Calculation and Government' Paper presented at, Berkeley, United States, 24/06/2016 - 26/06/2016, .

Domesticizing Financial Economies : Studying Finance In-between Market Devices, Everyday Calculation and Government. / Deville, Joe ; Lazarus, Jeanne ; Luzzi, Mariana ; Ossandón, José .

2016. Paper presented at SASE 28th Annual Conference, Berkeley, United States.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - Domesticizing Financial Economies

T2 - Studying Finance In-between Market Devices, Everyday Calculation and Government

AU - Deville,Joe

AU - Lazarus,Jeanne

AU - Luzzi,Mariana

AU - Ossandón,José

N1 - CBS Library does not have access to the materiale

PY - 2016

Y1 - 2016

N2 - Millions of lives in almost every corner of the world are increasingly being shaped by consumer-oriented financial services and products. Whether it is the middle classes or those at the bottom of the social and economic pyramid, both their social opportunities and sources of social exclusion are affected by their everyday participation in finance. From geographers describing the intimacies of contemporary financial ecologies, to sociological studies comparing personalized and quantified credit assessments, to detailed work within science and technology studies on how monetary devices shape conditions of calculative possibility, to the ethnographic assessments of domestic financial and budgetary practices carried out by cultural anthropologists: there is no doubt that recent years have witnessed a proliferation of research that documents the significance of domestic money and debt management practices as well as the precise way financial providers are evaluating, sorting and targeting their consumers.We believe these diverse trends are starting to converge, and the ambitions of this paper are both to organize scattered literature and to reflect upon the consequences of the new field of research. We use the term “domesticizing financial economies” to collect what we think are four key trajectories. First: “the financialization of the domestic”: certainly debt and finance are more than 5000 years old, but new type of agents and technologies – such as online payday lending, mobile money, payment cards – characterize the financial ecologies people around the world face. Second; “the domestizisation of finance”: financial technologies do not only financialize the domestic, they are continuously domesticized as many recent studies on ordinary accounting, earmarking, informal circuits of debt show. Third, the “domestication of financial economies”: financial literacy programs developed by governmental bodies, international organizations, and banks have become a ubiquitous layer attached to the assemblage of financial economies in many countries. And last but not least, “domesticizing social studies of finance”: studying domesticizing financial economies does not only extend the reach of increasingly relevant social studies of finance, but it requires new methods, a new type of research persona.

AB - Millions of lives in almost every corner of the world are increasingly being shaped by consumer-oriented financial services and products. Whether it is the middle classes or those at the bottom of the social and economic pyramid, both their social opportunities and sources of social exclusion are affected by their everyday participation in finance. From geographers describing the intimacies of contemporary financial ecologies, to sociological studies comparing personalized and quantified credit assessments, to detailed work within science and technology studies on how monetary devices shape conditions of calculative possibility, to the ethnographic assessments of domestic financial and budgetary practices carried out by cultural anthropologists: there is no doubt that recent years have witnessed a proliferation of research that documents the significance of domestic money and debt management practices as well as the precise way financial providers are evaluating, sorting and targeting their consumers.We believe these diverse trends are starting to converge, and the ambitions of this paper are both to organize scattered literature and to reflect upon the consequences of the new field of research. We use the term “domesticizing financial economies” to collect what we think are four key trajectories. First: “the financialization of the domestic”: certainly debt and finance are more than 5000 years old, but new type of agents and technologies – such as online payday lending, mobile money, payment cards – characterize the financial ecologies people around the world face. Second; “the domestizisation of finance”: financial technologies do not only financialize the domestic, they are continuously domesticized as many recent studies on ordinary accounting, earmarking, informal circuits of debt show. Third, the “domestication of financial economies”: financial literacy programs developed by governmental bodies, international organizations, and banks have become a ubiquitous layer attached to the assemblage of financial economies in many countries. And last but not least, “domesticizing social studies of finance”: studying domesticizing financial economies does not only extend the reach of increasingly relevant social studies of finance, but it requires new methods, a new type of research persona.

M3 - Paper

ER -

Deville J, Lazarus J, Luzzi M, Ossandón J. Domesticizing Financial Economies: Studying Finance In-between Market Devices, Everyday Calculation and Government. 2016. Paper presented at SASE 28th Annual Conference, Berkeley, United States.