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Macro-finance and the financialisation of economic policy

Published online by Cambridge University Press:  09 November 2023

Samuel Knafo*
Affiliation:
University of Sussex, UK
*
Corresponding author: Samuel Knafo, Department ofInternational Relations, University of Sussex, Falmer, Brighton, BN1 9RH, UK.Email: [email protected].
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Reflecting on the broad ambitions of macro-finance, I argue that the commitment to placing finance at the centre of our economic conceptions comes with significant risks that speak directly to the politics of financialisation. By redirecting the focus of economic governance towards finance, macro-finance may consolidate rather than challenge the problematic trends of global finance. More specifically, I argue that the focus of the money view on liquidity has contributed to depoliticising financial governance and aligning it further with the demands of financialisation.

Type
Forum: Critical macro-finance
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© 2020 The Author(s)

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