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. Part I addresses Minsky’s penetrating observations regarding what he called money manager capitalism. Part II outlines the … world of theory. Part V concludes by providing a short recap, acknowledging formidable challenges facing scholars with a …
Persistent link: https://www.econbiz.de/10011695553
finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
Persistent link: https://www.econbiz.de/10011459373
transformation of the economy. Today’s crisis is rooted in what he called “money manager capitalism,” the current stage of capitalism … spread around the world. Those playing along are rewarded with high returns because highly leveraged funding drives up prices … rises. Perhaps this will prove to be the end of this stage of capitalism–the money manager phase. Of course, it is too early …
Persistent link: https://www.econbiz.de/10003943049
capitalism, which has triggered or at least has contributed to the emergence of a type of capitalism dominated by finance …
Persistent link: https://www.econbiz.de/10010242863
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
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This is the second part of a three-part analysis of the Minskyan framework. It studies in detail the dynamics at the root of the endogenous financial weakening of capitalist economic systems. This part combines the properties presented in part I with other important concepts, such as the paradox...
Persistent link: https://www.econbiz.de/10003720694
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imbalances in the world economy associated with finance-dominated capitalism. From this it follows that in the near and not so … new world financial order. -- Finance-dominated capitalism ; financial crisis ; macroeconomic policies ; Global Keynesian …We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 …
Persistent link: https://www.econbiz.de/10009549800
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