Social Justice and Financial Capitalism: Some Notions on Risks, Hierarchies, and Value


  • Teppo Eskelinen University of Jyväskylä



The recurring financial crises and intensive financialisation force a reconsideration of theories of justice. This article analyses financial capitalism as an ideal-type. In ideal-typical financial capitalism, risks and positions of vulnerability take a pronounced role in the determination of social positions. Risks also come in a specific ontological form. Further, the analysis extends to the production of value in financial capitalism and its relation to a particular logic of determining social positions. The article discusses, how should theories of justice be updated to accommodate this particular ontology of risks. This requires also making a distinction between explicit and implicit priority orders in a society.

Author Biography

Teppo Eskelinen, University of Jyväskylä

PhD Philosophy, Jyväskylä, Finland; University lecturer in International Development at the University of Jyväskylä, Finland; Chair of the Finnish Society for Political Economy Research.


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How to Cite

Eskelinen, T. (2018) “Social Justice and Financial Capitalism: Some Notions on Risks, Hierarchies, and Value”, Studies in Social and Political Thought, 270. doi: 10.20919/sspt.27.2017.72.