Introduction -- Stylized facts -- Historical context -- Perspectives on financialization -- Financial markets and NFCs : a theoretical discussion -- Financialization and investment : aggregate analysis -- Financialization and investment : firm-level analysis -- Conclusion

Özgür Orhangazi brings together a comprehensive analysis of financialization in the US economy that encompasses the historical, theoretical, and empirical sides of the issues. He explores the origins and consequences of the dramatic rise of financial markets in the US economy and focuses on...