[PDF] The Rise And Fall Of Money Manager Capitalism eBook

Author : Eric Tymoigne
Publisher : Routledge
Page : 359 pages
File Size : 45,69 MB
Release : 2013-07-24
Category : Business & Economics
ISBN : 1135076723

GET BOOK

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process. The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

Author : Eric Tymoigne
Publisher : Routledge
Page : 312 pages
File Size : 21,12 MB
Release : 2013-07-24
Category : Business & Economics
ISBN : 1135076650

GET BOOK

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process. The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

Author : Scott Aquanno
Publisher : Verso Books
Page : 350 pages
File Size : 10,92 MB
Release : 2024-01-30
Category : Political Science
ISBN : 1839765283

GET BOOK

The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan's vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the "real" economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor-with the support of an increasingly authoritarian state.

Author : Flavia Muller Tenorio Dantas
Publisher :
Page : 282 pages
File Size : 16,99 MB
Release : 2013
Category : Economic development
ISBN :

GET BOOK

This dissertation investigates the relationship between what Hyman Minsky termed "money manager capitalism", to an increasingly global economy, where the transmission of financial and economic instability spreads rapidly across national borders. It has been recognized by economists outside of the mainstream schools of thought that the predominance of finance over all real sectors of the economy, the demise of traditional banking activities, and the rise of shadow banks and money managers coupled to the deregulation waves of the 1980s, 1990s and early 2000s, constitute the key ingredients in the "money manager capitalism" recipe for disaster. It will be argued that when combined with the process of financial globalization, the mixture becomes explosive - it caused the most severe global economic meltdown since the Great Depression. My thesis focuses on this last element. The central question is whether financial globalization is indeed beneficial and tantamount to global economic prosperity and stability - a view that has become widespread in the economics profession and international regulating institutions. The conclusion is the opposite - globalization of finance has brought about more prolonged, severe and recurring episodes of global financial instability in the new millennium. It reaches this conclusion by investigating the operation of internationally active banks, shadow banks and money managers in two main areas: Europe and the US, and developing and emerging markets. The financial systems of the developed world, mainly Europe and US, were at the epicenter of the 2007 global financial crises. The global creation of fictitious liquidity and the cross-border leveraging and layering of debt was behind the unprecedented increase in global liquidity and cross-border international flows - primary measures of financial globalization. Developing and emerging countries did not participated on the creation of liquidity for the development of money manager capitalist was in these areas is still incipient. However, they became the focus of institutional investor in the search for yields and increased appetite for risk. Consequently, even with strongly regulated financial systems those countries were engulfed by the financial euphoria and consequent collapse of global financial liquidity.

Author : Stephen Maher
Publisher : Verso Books
Page : 273 pages
File Size : 46,42 MB
Release : 2024-02-13
Category : Political Science
ISBN : 1839765267

GET BOOK

How Wall Street concocted a more volatile and dangerous capitalism The Fall and Rise of American Finance traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan’s vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the “real” economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor—with the support of an increasingly authoritarian state.

Author : Niall Ferguson
Publisher : Penguin
Page : 498 pages
File Size : 40,78 MB
Release : 2008-11-13
Category : History
ISBN : 1440654026

GET BOOK

The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." —The Washington Post "Fascinating." —Fareed Zakaria, Newsweek In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.

Author : Jongchul Kim
Publisher : Taylor & Francis
Page : 198 pages
File Size : 36,83 MB
Release : 2022-12-30
Category : Business & Economics
ISBN : 1000829219

GET BOOK

Modern Money and the Rise and Fall of Capitalist Finance examines the true nature of modern money and seeks ideas for an alternative economic system for a just society. This book suggests that adopting the ideas and institutions of a trust allowed personae to be combined with creditor-debtor relations and, by doing so, led to the evolution of modern money. This also helps explain why modern banking arose in England rather than continental Europe, by conceptualizing modern money as a trust and investigating the inseparable relationship between personae and modern money, because it is more than creditor-debtor relations - it takes the form of a trust. In explaining how the capitalist credit-money economy differs from previous economies, this book is a significant contribution to the literature on modern money, heterodox economics and the philosophy of economics and finance.

Author : Jacob S. Hacker
Publisher : Cambridge University Press
Page : 487 pages
File Size : 16,88 MB
Release : 2021-11-11
Category : History
ISBN : 1316516369

GET BOOK

Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

Author : Emil A. Røyrvik
Publisher : Berghahn Books
Page : 300 pages
File Size : 21,60 MB
Release : 2011-09-01
Category : Political Science
ISBN : 0857451863

GET BOOK

The “managerial revolution,” or the rise of management as a distinct and vital group in industrial society, might be identified as a major development of the modernization processes, similar to the scientific and industrial revolutions. Studying “transnational” or “global” corporate management at the post-millennium moment provides a suitable focal point from which to investigate globalized (post)modernity and capitalism especially, and as such this book offers an anthropology of global capitalism at its moment of crisis. This study provides ethnographically rich descriptions of managerial practices in a set of international corporate investment projects. Drawing also on historical and statistical data, it renders a comprehensive perspective on management, corporations, and capitalism in the late modern globalized economy. Cross-disciplinary in outlook, the book spans the fields of organization, business, and management, and asserts that now, in this period of financial crisis, is the time for anthropology to yet again engage with political economy.

Author : Michael Useem
Publisher :
Page : 360 pages
File Size : 24,6 MB
Release : 1996-05-16
Category : Business & Economics
ISBN :

GET BOOK

Drawing on personal interviews with top executives and money managers, this inside look at more than 20 large corporations--including IBM, ITT, AT&T, American Airlines, and General Motors--shows how the explosive growth of institutional investing is changing the way corporations are run. Charts & graphs.