- Inbunden (Hardback)
- Antal sidor
- black and white 48 Illustrations 48 Line drawings, black and white 54 Tables black and white
- 48 Line drawings, black and white; 54 Tables, black and white; 48 Illustrations, black and white
- 229 x 152 x 19 mm
- Antal komponenter
- 414:B&W 6 x 9 in or 229 x 152 mm Case Laminate on White w/Matte Lam
- 613 g
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48 Laws of Power
Political Economy of Financialization in the United States
A Historical-Institutional Balance-Sheet Approach2029
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Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term process. This gradual compounding of financialization is at odds with widely accepted views about financialization, contemporary banking theory, financial intermediation theory, and post-Keynesian and endogenous money approaches. The book returns to time-tested traditional principles of banking and taps unexpected affinities about market failures in transaction cost economics, financial intermediation theory, and core ideas in classic modern political and social economy about economic moralities and social reactions of self-defense against unfettered markets. This book provides an alternative explanation for the rise of finance and new ways to think about averting financialization and its devastating consequences. This book marks a significant contribution to the literature on financialization, social economics, banking, and the American political economy.
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Fler böcker av Kurt Mettenheim
Brazil has one of the world's fastest growing economies and a fascinating history underpinning its evolution. This book presents an analysis of the state's role in monetary policy, from the latter days of Portuguese rule, to the present day. Based...
Kurt Mettenheim, Olivier Butzbach
This second volume on the political and social economy of financialization in the US focuses on the consequences of the rise of finance for the American macroeconomy, household inequality, and the management of nonfinancial business enterprises.A ...
Kurt Mettenheim taught at the FGV-EAESP in Sao Paulo, Brazil, the University of Oxford, the University of Pittsburgh, and Columbia University.
Introduction 1 Compounding financialization, critical pluralist political economy, and historical-institutional balance-sheet analysis 2 Political economy and the financialization of American banking 3 The centralization and financialization of American monetary authority 4 Shadow banking, off-balance sheet activities, and nonbank finance Conclusion