Denis A. Sarakvashin Homo Finansus: Risks to Sustainability and Development

DOI: 10.38050/2078-3809-2025-17-2-7-20

Abstract

The article is devoted to the theoretical study of the little-studied issue of the specifics of modern financial capitalism economic actor. The aim of the work is to identify the risks of becoming homo finansus along the lines of stability and development as the most promising coordinates for studying the behavior of complex systems. The work provides an in-depth analytical review of foreign and domestic materials on the topic. The synthesis of motives of homo finansus behavior from the position of key financial parameters is carried out. The attitude to risk taking as the only possibility to ensure material well-being and internal perfection, and to debt as a natural state, which is seen as a form of financial fetishism, is established. The orientation of homo finansus to hypertrophied autonomy delegates to the individual level threats that are systemic in nature and cannot be adequately handled by the community of investors. This phenomenon reveals the preparation of the ground for the dismantling of nation-states. The exclusive interest in the circulation of financial assets denies the category of creativity, which is interpreted as an attempt to stop development and fix the status quo.

Keywords: financialization of everyday life, human model, homo finansus, homo creator, sustainability, development.

JEL: P34, O15, O16, G40.

For citation: Sarakvashin, D. A. (2025) Homo Finansus: Risks to Sustainability and Development. Scientific Research of Faculty of Economics. Electronic Journal, vol. 17, no. 2, pp. 7-20. DOI: 10.38050/2078-3809-2025-17-2-7-20.

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