En los trabajos reunidos en este libro se analizan los efectos y la lógica de la financierización en las economías en desarrollo, la llamada financierización periférica, en particular en los países de América Latina. En los primeros capítulos del libro se ofrece una mirada histórica y...

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution in the US over the 1968-2014 period. We show that the labour share is affected negatively by personal inequality, capital intensity and...

Since the Great Recession of 2007-9 the financialisation of the US economy has reached a watershed characterised by stagnant financial profits, falling mortgage debt and rising public debt. The reliance of households on the formal financial system appears to have weakened for the first time in...

In this paper we analyse the effects of financialisation on income distribution, before and after the Great Financial Crisis and the Great Recession. The focus is on functional income distribution and thus on the relationship between financialisation and the wage share or the gross profit share....

Introduction : debating financial transformation in Turkey / Galip L. Yalman, Thomas Marois and Ali Riza Güngen -- Putting the Turkish financial system into historical perspective / Galip Yalman -- The neoliberal transformation of state and market in Turkey : an overview of financial...

"No economist has written more incisively and provocatively on financial crisis than Hyman Minsky. This book from monetary economist Daniel H. Neilson provides a systematic overview of Minsky's thought, covering his entire body of work, revealing how financial crises arise not as exceptions, but...

Introduction -- Capitalism at the beginning of the 21st century : globalized finance -- Technics, capital and society : the material bases of technological development -- Digitalized finance : informatization at the service of financial dominance -- Digitalized finance in the Brazilian context...

In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial Corporations in real capital assets has been restricted by the rising dividend and interest payments due to shareholder pressure will be criticized based on a Minskyan understanding of...

Since the 1980s, the financial sector and its role have increased significantly. This development is often referred to as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of finance manifests a new era in the history of capitalism....

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...

In the last thirty years, the world’s economies have changed significantly. New technology developments have enabled the transition from the industrial economy to the network economy. The network economy is based on information technology, connectivity and human knowledge. Its development has...

Stability in supply of commodities is essential for manufacturing and doing business. This fact is unchangeable despite the passage of time and only the ways of trading of commodities differ. Especially in recent decades, the global economy has changed significantly and one of the major factors...

Die Globalisierung war eine wunderbare Idee. Nachdem die politische Spaltung in Ost und West überwunden war, schien der friedlichen Kooperation aller Menschen nichts mehr im Wege zu stehen. Würde man nur alle Hürden aus dem Weg räumen, so die liberale Vorstellung, bildete sich eine spontane...

"During the recent financial crisis, the conflict between sovereign states and banks over who controls the creation of money was thrown into sharp relief. This collection investigates the relationship between states and banks, arguing that conflicts between the two over control of money produces...