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Capitalizing on Crisis

Language EnglishEnglish
Book Paperback
Book Capitalizing on Crisis Greta R Krippner
Libristo code: 01205876
Publishers Harvard University Press, September 2012
In the context of the recent financial crisis, the extent to which the U.S. economy has become depen... Full description
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In the context of the recent financial crisis, the extent to which the U.S. economy has become dependent on financial activities has been made abundantly clear. In "Capitalizing on Crisis", Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation. Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state's attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.

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About the book

Full name Capitalizing on Crisis
Language English
Binding Book - Paperback
Date of issue 2012
Number of pages 240
EAN 9780674066199
ISBN 0674066197
Libristo code 01205876
Weight 278
Dimensions 156 x 237 x 16
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