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Persistent link: https://www.econbiz.de/10003813953
greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … ephor of capitalism, but as its key source of instability. Furthermore, due to "financialisation of the real economy," the … investments such as share buybacks. As we will argue, financialization is rooted in predation; in Matt Taibbi's famous phrase …
Persistent link: https://www.econbiz.de/10010530034
This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057
interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the …
Persistent link: https://www.econbiz.de/10012696153
capitalism, which has triggered or at least has contributed to the emergence of a type of capitalism dominated by finance …
Persistent link: https://www.econbiz.de/10010242863
The world's worst economic crisis since the 1930s is now well into its third year. All sorts of explanations have been … manager capitalism". Minsky's analysis correctly links postwar developments with the prewar "finance capitalism" analyzed by … Crisis ; Minsky Moment ; Finance Capitalism ; Money Manager Capitalism ; Debt Deflation ; Can It Happen Again? …
Persistent link: https://www.econbiz.de/10008933495
transformation of the economy. Today’s crisis is rooted in what he called “money manager capitalism,” the current stage of capitalism … spread around the world. Those playing along are rewarded with high returns because highly leveraged funding drives up prices … rises. Perhaps this will prove to be the end of this stage of capitalism–the money manager phase. Of course, it is too early …
Persistent link: https://www.econbiz.de/10003943049
of the crises and we discuss the implications of these recent developments for the world economy. …
Persistent link: https://www.econbiz.de/10011311194
The finance dominated type of capitalism that has developed from the late 1970s and early 1980s on finds its nucleus in …
Persistent link: https://www.econbiz.de/10011449136
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645