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Books > Social sciences > Sociology, social studies > Social institutions
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Conservatives Versus Wildcats - A Sociology of Financial Conflict (Hardcover)
Loot Price: R2,331
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Conservatives Versus Wildcats - A Sociology of Financial Conflict (Hardcover)
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For decades, the banking industry seemed to be a Swiss watch,
quietly ticking along. But the recent financial crisis hints at the
true nature of this sector. As Simone Polillo reveals in
"Conservatives Versus Wildcats," conflict is a driving force.
Conservative bankers strive to control money by allying themselves
with political elites to restrict access to credit. Barriers to
credit create social resistance, so rival
bankers--wildcats--attempt to subvert the status quo by using money
as a tool for breaking existing boundaries. For instance, wildcats
may increase the circulation of existing currencies, incorporate
new actors in financial markets, or produce altogether new
financial instruments to create change.
Using examples from the economic and social histories of
19th-century America and Italy, two decentralized polities where
challenges to sound banking originated from above and below, this
book reveals the collective tactics that conservative bankers
devise to legitimize strict boundaries around credit--and the
transgressive strategies that wildcat bankers employ in their
challenge to this restrictive stance.
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