Financialization of the Economy, Business, and Household Inequality in the United States: A Historical-Institutional Balance-Sheet Approach

The book explores the consequences of finance on the American macroeconomy, household inequality, and nonfinancial business enterprises, using a historical-institutional balance-sheet approach to analyze long-term trends and recent changes. It offers new perspectives on debates about political economic change in advanced economies since the 2007-2008 financial crisis and makes a significant contribution to the literature on financialization and social economics.

Format: Paperback / softback
Length: 156 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

This second volume in our series on the political and social economy of financialization in the United States delves into the profound consequences of the ascendancy of finance on the American macroeconomy, household inequality, and the governance of nonfinancial business enterprises. Employing a historical-institutional balance-sheet approach, we explore long-term trends and recent shifts in the US economy, unveiling a series of anomalies and provisos that challenge conventional, heterodox, and mainstream economic perspectives. This approach offers fresh insights into ongoing debates about political economic change in advanced economies since the 2007-2008 financial crisis.

This book stands as a substantial contribution to the literature on financialization and social economics, household economics, the structure and management of nonfinancial business enterprises, and American political economy. It sheds light on the intricate relationships and dynamics that shape these critical aspects of our society, providing valuable insights for scholars, policymakers, and practitioners alike.

As we continue to navigate the complex terrain of financialization, this volume serves as a valuable resource for understanding the past, present, and potential future implications of finance on economic, social, and political outcomes.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032121543