Foucault and Post-Financial Crises

Governmentality, Discipline and Resistance

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions, International, Business & Finance
Cover of the book Foucault and Post-Financial Crises by John G. Glenn, Springer International Publishing
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Author: John G. Glenn ISBN: 9783319771885
Publisher: Springer International Publishing Publication: September 25, 2018
Imprint: Palgrave Macmillan Language: English
Author: John G. Glenn
ISBN: 9783319771885
Publisher: Springer International Publishing
Publication: September 25, 2018
Imprint: Palgrave Macmillan
Language: English

This title explains the causes of the financial crisis and the economic reforms that were created subsequently through a Foucauldian philosophical lens. The author sets out the approaches established by Foucault – namely governmentality, biopolitics and disciplinary mechanisms – explaining how these influenced the shift of production from a local to a global level, alongside a shift towards financialisation. Glenn applies Foucauldian principles to aid understanding of the self-corrective mechanisms applied to the financial system, and the interpellative processes that led to the emergence of a new mode of subjectification. Concurrently, this title examines the retreat of the state from the financial sphere. This shift, the author posits, did not mean the complete absence of governance; rather governance became more concerned with ensuring that financial behaviour was contained within certain limits. 

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This title explains the causes of the financial crisis and the economic reforms that were created subsequently through a Foucauldian philosophical lens. The author sets out the approaches established by Foucault – namely governmentality, biopolitics and disciplinary mechanisms – explaining how these influenced the shift of production from a local to a global level, alongside a shift towards financialisation. Glenn applies Foucauldian principles to aid understanding of the self-corrective mechanisms applied to the financial system, and the interpellative processes that led to the emergence of a new mode of subjectification. Concurrently, this title examines the retreat of the state from the financial sphere. This shift, the author posits, did not mean the complete absence of governance; rather governance became more concerned with ensuring that financial behaviour was contained within certain limits. 

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