An early, narrow definition of financialization was provided in 2002 in Randy Martin’s Financialization of Daily Life, in which he looks at how finance “insinuates an orientation toward accounting and risk management into all domains of life.” A broader, influential definition of the term came in 2005, when Gerald Epstein posited that financialization refers to “the increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies.”

DEFINE: Provides Gerald Epstein's broad definition of financialization as the growing role of financial motives, markets, actors, and institutions in domestic and international economies.

Andrew deWaard, Derivative Media, loc. 97