Financialization and the US economy

Book Cover
Average Rating
Publisher:
Edward Elgar,
Pub. Date:
c2008.
Language:
English
Description
Profound transformations have taken place both in the US and the globaleconomy, especially in the realm of finance. Financial markets andtransactions have been growing continuously in size and in importancewhile finance in general has acquired an increasingly prominent position inthe economy. Özgür Orhangazi brings together a comprehensive analysisof financialization in the US economy that encompasses the historical,theoretical, and empirical sides of the issues. He explores the origins andconsequences of the dramatic rise of financial markets in the US economyand focuses on the impacts of this process of ‘financialization’ on theoperations of the non-financial corporate sector.The book starts with a brief review of the meaning of financialization, then documents its factual context, before moving on to provide a historical perspective on its evolution and proximate causes. Next, the book compares various theoretical and empirical perspectives in an attempt to clarify the limits of our knowledge and outline what we know about the phenomenon and what we do not. In the second part, the author further explores the relationship between the financial and nonfinancial sectors of the economy and focuses on the effects of financialization on capital accumulation. The author provides a framework for analyzing this relationship and offers evidence that the increase in nonfinancial corporations’ (NFCs) financial investment rates and payments to financial markets have had negative effects on the real investment rates of NFCs.Scholars and students working on the issues of financialization or interested in financial markets, investment, and capital accumulation will find this a valuable addition to their collection, as will the serious general reader who wants to learn more about the causes and effects of the transformation of financial markets.
More Details
Contributors:
ISBN:
9781848440166
Also in this Series
More Like This
Reviews from GoodReads
Loading GoodReads Reviews.
Staff View

Grouping Information

Grouped Work ID 0de5a67a-59ad-9131-2e70-a5dadf9be8f4
full_title financialization and the us economy
author orhangazi özgür
grouping_category book
lastUpdate 2017-08-14 05:04:24AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Orhangazi, Özgür, 1977-
author2-role NetLibrary, Inc.
author_display Orhangazi, Özgür
detailed_location_arlington EBSCOhost
display_description
format_arlington eBook
format_category_arlington eBook
id 0de5a67a-59ad-9131-2e70-a5dadf9be8f4
isbn 9781848440166
item_details external_econtent:ils:.b13002004||EBSCOhost|Online|eBook|eBook|1|false|true|EBSCOhost||http://www.netlibrary.com.library.access.arlingtonva.us/urlapi.asp?action=summary&v=1&bookid=218987||Available Online||q||
itype_arlington eCollection
lexile_score -1
literary_form Other
literary_form_full Other
local_callnumber_arlington Online
owning_library_arlington Arlington Public Library Online, Aurora Hills Online, Central Online, Cherrydale Online, Columbia Pike Online, Connection Crystal City Online, Detention Center Online, Glencarlyn Online, Local History Online, Plaza Online, Shirlington Online, Westover Online
primary_isbn 9781848440166
publishDate 2008
record_details external_econtent:ils:.b13002004|eBook|eBook||English|Edward Elgar,|c2008.|xviii, 155 p. : ill. ; 25 cm.
recordtype grouped_work
scoping_details_arlington external_econtent:ils:.b13002004||Available Online|Available Online|false|true|false|false|false|true||||
series New directions in modern economics
series_with_volume New directions in modern economics
title_display Financialization and the US economy
title_full Financialization and the US economy [electronic resource] / Özgür Orhangazi
title_short Financialization and the US economy