Introduction: Elites and Power After Financialization

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Davis, Aeron and Williams, Karel. 2017. Introduction: Elites and Power After Financialization. Theory, Culture and Society, 34(5-6), pp. 3-26. ISSN 0263-2764 [Article]

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Official URL: http://journals.sagepub.com/doi/abs/10.1177/026327...

Abstract or Description

This article introduces the special issue on ‘Elites and Power after Financialization’. It is presented in three parts. The first sets out the original Weberian problematic that directed the work of Michels and Mills, in the 1910s and 1950s respectively. It then discusses how this framework was appropriated and then cast aside as our understanding of capitalism changed. The second section makes the case for a reset of elite studies around the current capitalist conjuncture of financialization. It is explained how this unifying theme allows for a diverse set of approaches for answering old and new questions about elites and power. The third part identifies four key themes or sites of investigation that emerge within the nine papers offered here. These are: new state-capital relations, innovative forms of value extraction, new elite insecurities and resources in liquid times and the role of elite intermediaries and experts.

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Article

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https://doi.org/10.1177/0263276417715686