Researching the Global Financial Class : findings from Frankfurt and Sydney ; paper presented to the Third ISA Forum of Sociology, Vienna (Austria), July 12, 2016

  • This working paper gives insights on a theoretical perspective on class formation in the context of global financial markets and presents first empirical findings regarding the formation of a global financial class. It draws on numerous encounters with financial professionals that were inter- viewed in Frankfurt (Germany) and Sydney (Australia). As a preliminary conclusion from those inves- tigations on a micro-perspective, we state that acting on the market creates a sense of global socia- bility, whereby organizations only play a secondary role. Careers in finance follow internationally homogenized pathways. This process of global class formation is taking place prominently in global financial centers. Therefore we link the level of investigation on a micro-perspective (experience of financial professionals) with global city life and the fabric of the city. This results in empirical findings on a meso-level from an ethnography of the social and professional urban environment of finance in the two global cities. Symbolic struggles engraved in the built environment of Frankfurt and Sydney are traced and discussed against the background of every-day-practices of aspiration in the financial districts investigated.

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Metadaten
Author:Lukas Hofstätter, Marco Hohmann, Sighard Neckel, Conny Petzold
URN:urn:nbn:de:hebis:30:3-444435
ISSN:2365-3078
Parent Title (English):Global Financial Class Working Paper Series, Nr. 4
Series (Serial Number):Global Financial Class Working Paper Series (4)
Publisher:Goethe University Frankfurt
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:2016
Year of first Publication:2016
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2017/08/17
Tag:Aspiration; Global City; Global Financial Class
Finance; Globalization; Pierre Bourdieu; Symbolic Power; Transnational Capitalist Class
Page Number:24
HeBIS-PPN:416268293
Institutes:Gesellschaftswissenschaften
Dewey Decimal Classification:3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft
Sammlungen:Universitätspublikationen
Licence (German):License LogoDeutsches Urheberrecht