The Website »Financial System and Society« is an information and networking platform for social scientists who are interested in research on banking and financial markets, but also for journalists, politicians, financial actors and the broader public.

On the one hand, it aims to promote the funding initiative »Financial System and Society«, funded by the Bundesministerium für Bildung und Forschung (BMBF), and to inform the scientific community and interested others about our research findings.

On the other hand, it provides information about relevant publications, reviews, presentations and lectures, conferences, workshops, and calls for papers in a German speaking, but also international research context.


Who is behind it?

The Website is part of the BMBF-funded research project »Financial System and Society«. The editorial office is located at the Oswald von Nell Breuning-Institute for Business and Societal Ethics, which is part of the Phil.-Theol. Hochschule Sankt Georgen in Frankfurt am Main, Germany.

The 2008 financial and debt crisis still affects many European countries and poses big challenges. Strong economic, social and political dislocations threaten Europe’s social cohesion and political unity.

Although being rooted in a deep structural change in the financial system and its modified interplay with other societal spheres, a profound analysis of the financial crisis and these intertwining developments is still missing. But without a manifold survey, the potential solutions to the crisis‘ effects and consequences remain highly vague.

A deeper understanding of the causes and consequences of the financial crisis requires research approaches that go beyond the insights of (financial) economics. The BMBF funding initiative »Financial System and Society« thus fosters a broader perspective which takes into account a plurality of theories and methodologies from different social sciences. This seems particularly necessary, because the financial system’s and societal changes are deeply intertwined. The structural change of the financial system in the last decades goes back to a fundamental change in its meaning for the economy, politics and society. Many structures that are seen as the main causes of today’s crisis result from past efforts to solve socio-political problems. For instance, originally, the deregulation was supposed to foster the easy access to global financial markets for corporations and governments, as well as to support economic growth and employment and a quick modernization for poor regions and countries.

Simultaneously, the risks of the growing private and public actors’ debts, of the financial market’s volume expansion and of the growing complexity of financial instruments were mostly repressed. Many actors believed that the boom of the financial markets would proceed forever and that a major crisis could be prevented (»this-time-is-different-syndrome«). The fall of Lehman brothers became a symbol for the fragility and instability of the global financial system and brought to uncover this big misjudgment.

The funding initiative »Financial System and Society« allows sociologists, economic historians, political scientists, business ethicists, and economists to contribute to a better understanding of the forms and causes of the structural change of the financial system as well as of its interplay with other social spheres (e.g. the »real«-economy, politics, welfare services, sciences and the civil society). The scientists seek to explain how economic, social, political, and cultural developments relate to the interplay of finance and society and to provide reform ideas for political, economic and civil-society actors. Running from 2015 to 2018, the funding initiative’s eight research projects (including two research groups) are located in ten different German cities.

For the project descriptions please click here.

Gefördert vom Bundesministerium für Bildung und Forschung
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Money on the Left: Word, Image, Praxis

6. April 2018,
Interdisciplinary Conference, University of South Florida (Tampa, Florida).
Deadline: 1. Februar 2018.

The Financial Life of Social Reproduction

10. bis 14. April 2018,
AAG Annual Meeting, New Orleans.

MARX200: Politik – Theorie – Sozialismus

2. bis 6. Mai 2018,
Kongress, Rosa-Luxemburg-Stiftung, Berlin.

The Dynamics of Capitalism: Inquiries to Marx on the Occasion of his 200th Birthday

03.05.2018 19:00 Uhr – 05.05.2018 13:00 Uhr
Hamburger Institut für Sozialforschung

Third Conference on Financial Markets and Macroeconomic Performance

7. und 8. Mai 2018,
House of Finance, Goethe Universität Frankfurt.
Deadline: 15. Februar 2018.

Reforming EMU: Is there a Role for Economists?

Lorenzo Bini Smaghi
Chairman of the Board, Société Générale
Former Member of the Board, ECB

Moderator: Hans-Helmut Kotz
SAFE and Harvard University

12.00 pm to 1:30 pm, 16 May 2018
Room E.21, House of Finance
Campus Westend, Goethe University Frankfurt

The Great Transition: Setting the Stage for a Post-Capitalist Society

17. bis 20. Mai 2018,
Conference, Montreal.
Deadline: 15. November 2017.

Exit, Voice and Loyalty: Alternative Economic Models and Responses to Decline in Contemporary Society

21. und 22. Mai 2018,
Workshop, Polen (Warschau).
Deadline: 10. Dezember 2017.

Risk, Honor & Innovation: Imagining New Markets

24. bis 26. Mai 2018,
3rd Biennial Richard Robinson Workshop on Business History, Portland State University.
Deadline: 15. November 2017.

European Spaces of Financialization

28. und 29. Mai 2018, Fifth FINGEO Global Seminar, Vrije Universiteit Brussel, Brüssel, Belgien.
Deadline: 15. Januar 2018.


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