000 02182nam a22002177a 4500
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020 _a9781784714963
082 _a338.542
_bHEI
245 _aThe demise of finance-dominated capitalism:
_bexplaining the financial and economic crises
260 _bEdward Elgar
_aCheltenham
_c2016
300 _axi, 371 p.
365 _aUSD
_b52.95
520 _aThe Demise of Finance-dominated Capitalism goes well beyond the dominant interpretation that the recent financial and economic crises are rooted in malfunctioning and poorly regulated financial markets. The book provides an overview of different theoretical, historical and empirical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and economic crises. In the first part of the book the macroeconomics of finance-dominated capitalism, the theories of financial crisis and important past crises are reviewed. The second part deals with the 2007–09 financial and economic crises in particular, and discusses five explanations of the crises in more detail. The special focus of the book is the long-run problems and inconsistencies of finance-dominated capitalism that played a key role in the crisis and its severity. The comprehensive literature reviews on the issues of financialization and economic crises will be a valuable aid to students. Policy makers will find the broader views on the causes of the recent financial and economic crises and the contradictions of finance-dominated capitalism of great interest. Alternative views on the long-run developments towards financialization, as well as on the relationships of these developments with the recent financial crises, will appeal to researchers in this field. (https://www.e-elgar.com/shop/gbp/the-demise-of-finance-dominated-capitalism-9781784714963.html)
650 _aFinance
_913546
650 _aEconomics
_913542
700 _aHein, Eckhard
_914543
700 _aDetzer, Daniel
_916035
700 _aDodig, Nina
_916036
942 _cBK
_2ddc
999 _c6302
_d6302