Political Economy of Financialization in the United States

Name: Political Economy of Financialization in the United States
Brand: Taylor & Francis

Taylor & Francis

Political Economy of Financialization in the United StatesA HistoricalInstitutional Balance-Sheet Approach\nAuthor(s): Kurt Mettenheim\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367627164, 978-0367627164\nSynopsis\nCombining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. \n\nThis innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term process. This gradual compounding of financialization is at odds with widely accepted views about financialization, contemporary banking theory, financial intermediation theory, and post-Keynesian and endogenous money approaches. The book returns to time-tested traditional principles of banking and taps unexpected affinities a.