Financialization
Economic and Social Impacts
1st Edition
Published on 25. August 2022
242 pages
978-1-78821-531-2 (ISBN)
Description
Finance has long been an integral part of the capitalist economy, yet since the 1970s the realm of finance has burgeoned, reaching well beyond its traditional funding roles. Finance now reaches into all aspects of economic life from the everyday activity of the individual, to the behaviour of corporations and the decisions made for society as a whole. The power and fragility of the financial sector are seen by the simple fact that when things go wrong, it can bring down banks, currencies, and governments, plunging countries into generations of debt and hardship.Malcolm Sawyer offers a comprehensive survey of the impact of financialization on economic growth and society. The book draws on and distills a remarkable range of research to provide readers with a guide to current thinking about the place of finance in the wider macroeconomy and considers the prospects for definancialization and a future role that is less pervasive.
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More details
Language
English
Place of publication
Newcastle Upon Tyne
United Kingdom
Target group
College/higher education
Professional and scholarly
ISBN-13
978-1-78821-531-2 (9781788215312)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Book
08/2022
Agenda Publishing
€63.32
Shipment within 3-4 weeks
Person
Malcolm Sawyer is Emeritus Professor of Economics at the University of Leeds. He was founding Editor of the International Review of Applied Economics and he is the author of a dozen books, including most recently, Can the Euro Survive?
Content
1. Introduction
2. The terrain of financialization
3. Financialization, neoliberalism and globalization
4. The characteristics of (variegated) financialization in the present era
5. The global reaches of financialization
6. Financial liberalization and financial crisis
7. Financialization and the pursuit of shareholder value
8. Financialization: a driver of inequality or an enabler?
9. Financialization of everyday life
10. Has the financial sector become too big and dysfunctional?
11. De-financialization
