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Books > Social sciences > Sociology, social studies > Social welfare & social services > Welfare & benefit systems
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New Deal Banking Reforms and Keynesian Welfare State Capitalism (Paperback)
Loot Price: R771
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New Deal Banking Reforms and Keynesian Welfare State Capitalism (Paperback)
Series: New Political Economy
Expected to ship within 12 - 17 working days
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Russell provides a groundbreaking critique of the orthodox position
on the nature of New Deal reforms as well as an innovative analysis
of the unraveling of those reforms. Russell argues that the success
of the New Deal banking reforms in the post-war period initially
produced a "pax financus" in which the competitive struggles
amongst financial capital were moderated. However, the success of
these reforms also produced incentives to undermine the New Deal
regulatory framework via a regeneration of competitive struggles
among financial capitalists. As these struggles intensified,
financial innovations designed to circumvent regulatory
restrictions changed the conduct of commercial banking and other
financial capitalist activity. As these developments progressed,
there has been a resurgence in the diversified financial
conglomerates (financial holding companies) reminiscent of those
that flourished just prior to the Great Depression. This
exceptional work will appeal to historians, economists, and those
interested in this vital period of American history.
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