You might also like

More about Financialization

• Book details
• Synopsis
• Trending among others

You get 265 loyalty points

Book synopsis

This book explores the process of financialization whereby economies are increasingly dominated by finance capital. This process is characterized by rising income inequality, wage stagnation, increased indebtedness, a rising financial sector share of profits, and tendencies to generate asset price bubbles. The financial crisis of 2008 and the subsequent recession and stagnation represent the latest phase. The book provides a comprehensive treatment of these developments, beginning with a presentation of the empirical evidence. That is followed by economic theory chapters dealing with the macroeconomics of financialization, business cycle effects; microeconomic developments; tendencies toward Minsky-style economic instability; and economic growth effects. The final section of the book focuses on the political economy of financialization and policies to stabilize financial markets.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Financialization
• Author: Thomas I Palley
• Language: English
• Binding: Hardback
• Number of pages: 234
• EAN: 9781137265814
• ISBN: 1137265817
• ID: 01239937
• Publisher: Palgrave Macmillan
• Weight: 420 g
• Dimensions: 223 × 144 × 19 mm
• Date of publishing: 28. May 2013

Trending among others

---

---

---