Rise and Fall of Money Manager Capitalism

Name: Rise and Fall of Money Manager Capitalism
Brand: Taylor & Francis

Taylor & Francis

The Rise and Fall of Money Manager CapitalismMinsky's half century from world war two to the great recession\nAuthor(s): Eric Tymoigne, L. Randall Wray\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138650169, 978-1138650169\nSynopsis\nThe 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.\n\nThe 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 po.