The Development of American Finance - Brossura

Konings, Martijn

Brossura

ISBN 10: 1107681847 ISBN 13: 9781107681842

Casa editrice: Cambridge University Press, 2014

Riassunto

Since the 1960s, scholars and other commentators have frequently announced the imminent decline of American financial power: excessive speculation and debt are believed to have undermined the long-term basis of a stable US-led financial order. But the American financial system has repeatedly shown itself to be more resilient than such assessments suggest. This book argues that there is considerable coherence to American finance: far from being a house of cards, it is a proper edifice, built on institutional foundations with points of both strength and weakness. The book examines these foundations through a historical account of their construction: it shows how institutional transformations in the late nineteenth century created a distinctive infrastructure of financial relations and proceeds to trace the contradiction-ridden expansion of this system during the twentieth century as well as its institutional consolidation during the neoliberal era. It concludes with a discussion of the forces of instability that hit at the start of the twenty-first century.

Su questo libro

Recensione:

“In The Development of American Finance, the international political economist Martijn Konings provides a succinct and useful account of approximately three hundred years of American financial history. Readers seeking an overview written from a distinct point of view will find the book valuable and thought provoking.” -Julia Cathleen Ott, The New School, The Journal of American History

Descrizione del libro:

Most books on American finance emphasize the ways in which globalization and deregulation have promoted irresponsible speculation, excessive risk-taking and unsustainable levels of debt. This book argues that the American financial system is in fact far from a house of cards, but a proper edifice, built on foundations with their own distinctive points of strength and weakness.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 2014
• ISBN 10: 1107681847
• ISBN 13: 9781107681842
• Rilegatura: Copertina flessibile
• Numero di pagine: 208