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Household Finance

Harker, C; Montgomerie, J; (2020) Household Finance. In: Knox-Hayes, J and Wójcik, D, (eds.) The Routledge Handbook of Financial Geography. (pp. 308-327). Routledge: London, UK. Green open access

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Abstract

This chapter argues that geographical approaches make clear how crucial the household is for understanding finance and financialization. Geographical approaches to household finance make visible new hierarchies and inequalities in the distribution and redistribution of gains and losses from financialization. Finance has long been something associated with particular spaces of global capitalism, the steel and glass of global financial centres connected in a web of what become ‘global’ cities. The household makes visible how daily life constitutes financialization as a macroeconomic regime. The household is also produced by and productive of national scales, as financialized processes are intimately connected with state policies that have supported social (asset-based) welfare. Scalar geographies of household finance beyond Euro-America also show how finance itself differs geographically. Place-based approaches to household finance also show how intimate forms of harm link bodies and everyday experience with household/community dynamics and global finance.

Type: Book chapter
Title: Household Finance
Open access status: An open access version is available from UCL Discovery
DOI: 10.4324/9781351119061
Publisher version: https://doi.org/10.4324/9781351119061
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > UCL Institute for Global Prosperity
URI: https://discovery.ucl.ac.uk/id/eprint/10096149
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