Financialization and Macroeconomics: The Impact on Social Welfare in Advanced Economies

ISBN-13: 9781032121321 / Angielski / Miękka / 2022 / 272 str.

Giovanni Scarano

Opis

Financialisation has become a widely discussed and debated term leading to a plurality of perspectives, but no fixed definition or single reading. This book presents a critical exploration and review of the current literature on financialisation and possible implications for the macroeconomic and financial stability of advanced countries.

Spis treści

Introduction.  1.Post-Keynesian approaches.  2.The French Regulation School and the Social Structures of Accumulation approach.  3.Classical Marxist approaches.  4.Interest bearing capital vs industrial capital.  5.Financial rentiers and the revenant conflict between rent and profit.  6.Corporate saving glut and liquidity holding.  7.Financialisation of NFCs, globalisation and growth.  8.Conclusion

O autorze

Giovanni Scarano is Professor of Economics at Roma Tre University and a member of STOREP (Italian Association for the History of Political Economy).