Financialization - The Economics of Finance Capital Domination (Hardcover, New)

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.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Release date:	May 2013
First published:	2013
Authors:	T. Palley
Dimensions:	216 x 140 x 19mm (L x W x T)
Format:	Hardcover
Pages:	234
Edition:	New
ISBN-13:	978-1-137-26581-4
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Macroeconomics > General Promotions
LSN:	1-137-26581-7
Barcode:	9781137265814

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