The tension between innovation and financialisation is central to the business corporation. Innovation entails a … shareholder-value ideology, financialisation entails a shift to 'downsize-and-distribute'. This Element investigates this tension … value destruction caused by financialisation and supporting value creation through collective and cumulative innovation …

Since the early 1980s, financialisation has become an increasingly important trend in developed capitalist countries … financialisation-distribution nexus is examined for the three countries. Third, macroeconomic demand and growth regimes are analysed …