TY - JOUR
T1 - The geographies of social finance
T2 - Poverty regulation through the ‘invisible heart’ of markets
AU - Rosenman, Emily
N1 - Publisher Copyright:
© The Author(s) 2017.
PY - 2019/2/1
Y1 - 2019/2/1
N2 - The global financial and anti-poverty industries are embracing an investment philosophy called social finance, which claims that private profit-making can create positive benefits for society. Attempting to resolve the problems of capitalism from within the system, social finance reframes finance as a force for engendering, rather than disrupting, the public good. This article argues that social finance raises theoretical concerns for geographical research on finance, poverty, and neoliberalizing capitalism. I outline a typology of social finance’s forms and propose a geographical research agenda, arguing that social finance practitioners’ simplistic framings of geography belie many other geographies that constitute what is both an emerging financial marketplace and a logic of poverty regulation.
AB - The global financial and anti-poverty industries are embracing an investment philosophy called social finance, which claims that private profit-making can create positive benefits for society. Attempting to resolve the problems of capitalism from within the system, social finance reframes finance as a force for engendering, rather than disrupting, the public good. This article argues that social finance raises theoretical concerns for geographical research on finance, poverty, and neoliberalizing capitalism. I outline a typology of social finance’s forms and propose a geographical research agenda, arguing that social finance practitioners’ simplistic framings of geography belie many other geographies that constitute what is both an emerging financial marketplace and a logic of poverty regulation.
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U2 - 10.1177/0309132517739142
DO - 10.1177/0309132517739142
M3 - Article
AN - SCOPUS:85041915787
SN - 0309-1325
VL - 43
SP - 141
EP - 162
JO - Progress in Human Geography
JF - Progress in Human Geography
IS - 1
ER -