• P-ISSN 0974-6846 E-ISSN 0974-5645

Indian Journal of Science and Technology


Indian Journal of Science and Technology

Year: 2016, Volume: 9, Issue: 5, Pages: 1-9

Original Article

Definition of the Subjectivity of Financial Capital in Sociological Science


Background/Objectives: Financiers represent a professional and social group pursuing social legitimacy and selflegitimation on the basis of professional competence, autonomy of action and transformational impact on the Russian economy and Russian society. Methods/Statistical analysis: The empirical basis of the paper is represented by the results of independent sociological research, part of which being a survey among the bank employees in Volgograd and the Volgograd region (Volzhsky, Kamyshin, Mikhailovka, Uryupinsk, Frolovo) titled “The attitude of the staff to the implementation of social policies by the banking sector” (February – March, 2013, n = 350). Findings: The agents of financial capital have not exhausted their potential of the independent carriers of social activity in contrast to the traditional agents (political parties, public institutions), since the issue of converting financial capital into human capital has not lost its relevance, but on the contrary, there is an increasing public demand for this. Secondly, while the agents of the financial capital have to develop codes to reconsider the financial activity, in this new situation the financial capital acts as an increasingly powerful tool of innovation, rather than supports the “status quo” in the society. Thirdly, sociological definition of the subjectivity of financial capital involves an appeal to the invariance of finance as a means of social positioning. Applications/Improvements: The concept of social capitalization provides an opportunity to see the logic of an agent acting in the financial sub-field, as well as to track the path of financial resources converting into the power ones.

Keywords: financial capital, subjectivity, sociological science, Russian society, financial subfield


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