Making Government Liquid: Shifts in Governance Using Financialisation as a Political Device

Paul du Gay, Yuval Millo and Penelope Tuck
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Paul du Gay: Department of Organization, Copenhagen Business School, Kilen, Kilevej 14A, K4.58, 2000, Fredericksberg, Denmark
Yuval Millo: School of Management, University of Leicester, Ken Edwards Building, University Road, Leicester LE1 7RH, England
Penelope Tuck: Warwick Business School, Scarman Road, The University of Warwick, Coventry CV4 7AL, England

Environment and Planning C, 2012, vol. 30, issue 6, 1083-1099

Abstract: The financialised character of contemporary rationalities of public governance has been the subject of increased attention within a range of disciplinary and interdisciplinary fields. With this paper we propose a particular analytical framework, focused on the notion of ‘governance devices’, for understanding the processes that underpin financialised governance and, more fundamentally, maintain the connections between markets and politics. Deploying three distinct cases, we indicate that these devices transcend divisions between the actor and the device and create a different form of agency—an assemblage. We argue that understanding such assemblages—their emergence, activity, and, frequently, their failures—opens a window on analysing the nature of contemporary forms of financialised governance as a technosocial system. In so doing we suggest that the governance devices approach can offer a way of challenging contemporary governance orthodoxies, retracing governments' lost responsibilities and resurfacing their ‘core tasks’.

Keywords: financialisation; governance devices; translation; assemblage; linked ecologies (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envirc:v:30:y:2012:i:6:p:1083-1099

DOI: 10.1068/c11290

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