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Financialization as Welfare

Social Impact Investing and British Social Policy, 1997-2016

Authors: Golka, Philipp

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  • Presents an in-depth case study on the emergence of social impact investing in the UK
  • Empirically analyzes the political origins of social innovations in financial markets
  • Recommends approaches for practitioners interested in social impact investing
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eBook $84.99
price for USA in USD (gross)
  • ISBN 978-3-030-06100-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $109.99
price for USA in USD
  • ISBN 978-3-030-06099-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

Providing an in-depth case study on the emergence of social impact investing in the UK, this book develops a new perspective on financialization processes that highlights the roles of non-financial actors. In contrast to the common view that impact investing gears finance toward the solution of social problems, the author analyzes how these investments create new problems and inequalities. To explain how social impact investing became popular in British social policy despite its unclear effectiveness, the author focuses on cooperative relations between institutional entrepreneurs from finance and various non-financial actors. Drawing on field theory, he shows how seemingly unrelated social transformations – such as HM Treasury's expanding role in public service reform – may act as resonance spaces for the spread of finance. 

Opening up a new perspective on financialization processes in the terrain of public policy, this book invites readers to refocus scholarship on capitalist dynamics to the meso-level. Based on this analysis, the author also proposes ways to transform social impact investing to increase its potential for reducing global inequalities.


About the authors

Philipp Golka obtained his PhD in Sociology from the Friedrich Schiller University Jena, Germany and has researched financialization at the University of Hamburg, Germany, and the École des Hautes Études en Sciences Sociales Paris, France. He first became interested in impact investing in 2011 and, before becoming a researcher, has held multiple professional positions related to the field.


Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook $84.99
price for USA in USD (gross)
  • ISBN 978-3-030-06100-5
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $109.99
price for USA in USD
  • ISBN 978-3-030-06099-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Financialization as Welfare
Book Subtitle
Social Impact Investing and British Social Policy, 1997-2016
Authors
Copyright
2019
Publisher
Springer International Publishing
Copyright Holder
Springer Nature Switzerland AG
eBook ISBN
978-3-030-06100-5
DOI
10.1007/978-3-030-06100-5
Hardcover ISBN
978-3-030-06099-2
Edition Number
1
Number of Pages
XIX, 265
Number of Illustrations
6 b/w illustrations
Topics