Overview

In Future Finance, Sabine Doerry offers a systematic rethinking of financialization. She explores how finance - especially the asset management industry - is repositioning, how the locus of power has shifted from public to private authority, and how its consequences have defined finance's societal purpose. This is shown to have significant implications for the future design of financial and economic systems, specifically their ability to respond to the imperatives of future finance. Particular challenges include justice and sustainability, whose principles oppose the principles of contemporary global finance. Doerry's analysis draws on a strong spatial dimension and offers insights into the transformation processes of complex socio-economic systems. Doerry's approach is interdisciplinary, combining financial and economic geography with political economy, economic sociology, management studies and economic history, and insights from other social sciences.

Full Product Details

9781788217347

Table of Contents

Reviews

This short book punches far above its weight. Sabine Dörry exposes the trade story of efficient capital allocation, told by Big Finance, as actually being one of opportunistic arbitrage by well-paid lawyers and tax specialists. Future Finance is a must read for everyone interested in the hidden back story to topics like the greening of finance, the hiccups of the European capital market union or even the rise of populism. -- Ewald Engelen, Professor of Financial Geography, University of Amsterdam By foregrounding the legal machinery that unpins global finance, Sabine Dörry offers crucial insights into the instruments and practices that shape financial centres, firm behaviour, social justice and sustainability. An important book for prompting us to think about what kind of future and what kind of finance we want. -- Karen P. Y. Lai, Professor of Economic Geography, Durham University

Author Information

Sabine Dörry is a Senior Research Scientist in the Department of Urban Development and Mobility at the Luxembourg Institute of Socio-Economic Research.

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