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| Author: | Christophers, B. |
| Title: | Making finance productive |
| Journal: | Economy and Society
2011 : FEB, VOL. 40:1, p. 112-140 |
| Index terms: | finance statistics productivity national accounting value added |
| Language: | eng |
| Abstract: | Western governments' response to economic crisis has shown that the financial services sector is seen to perform a critical and productive function in today's capitalist economies. This paper explores how this politically potent perception of productiveness has come to achieve the hegemony enjoyed by it. A principal forum for the 'making' of finance sector productiveness has been the tradition of national accounting and its reporting of key economic metrics e.g. gross domestic product (GDP). It is shown that contemporary representation of finance as productive is purported on a long and contested history of boundary negotiation. |
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