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Scandalous EconomicsGender and the Politics of Financial Crises$
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Aida A. Hozic and Jacqui True

Print publication date: 2016

Print ISBN-13: 9780190204235

Published to Oxford Scholarship Online: April 2016

DOI: 10.1093/acprof:oso/9780190204235.001.0001

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Making Feminist Sense of the Global Financial Crisis

Making Feminist Sense of the Global Financial Crisis

(p.3) Chapter 1 Making Feminist Sense of the Global Financial Crisis
Scandalous Economics

Aida A. Hozić

Jacqui True

Oxford University Press

This chapter seeks to establish the intimate connection between gender and the financial crisis and simultaneously explain the logic behind the book’s structure. First, the crisis was triggered by unsustainable securitization of mortgages—or, in other words, of households—traditionally the private/feminized domain of everyday life; proposed economic restructuring (“solutions to the crisis”) disproportionately affects services that either employ women or make women’s employment in other sectors feasible; ensuing state transformation(s) will have gendered consequences. Second, the crisis has manifested itself through sexual scandals, recasting the boundaries between public and private, exposing economic and gender inequalities but also, possibly, obscuring the suffering of those who do not find themselves in media limelight. Third, the crisis is generating new subjectivities and new points of resistance; while political and gender effects of contemporary protests movements are difficult to assess, the book must take note of ambivalent messages that they send.

Keywords:   financial crisis, gender, mortgage, scandal, protest

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