000 04239nam a22006015i 4500
001 183585
003 IT-RoAPU
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006 m|||||o||d||||||||
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008 220302t20122012nyu fo d z eng d
010 _a2011008941
019 _a(OCoLC)979832180
020 _a9780231158428
_qprint
020 _a9780231528030
_qPDF
024 7 _a10.7312/tabb15842
_2doi
035 _a(DE-B1597)9780231528030
035 _a(DE-B1597)459372
035 _a(OCoLC)778616979
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 0 0 _aHB501
_b.T313 2012
050 4 _aHB501
_b.T313 2015
072 7 _aPOL011000
_2bisacsh
082 0 4 _a332
_223
084 _aonline - DeGruyter
100 1 _aTabb, William
_eautore
245 1 4 _aThe Restructuring of Capitalism in Our Time /
_cWilliam Tabb.
264 1 _aNew York, NY :
_bColumbia University Press,
_c[2012]
264 4 _c©2012
300 _a1 online resource (352 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tAcknowledgments --
_t1. The Centrality of Finance --
_t2. Financialization and Social Structures of Accumulation --
_t3. Realism in Financial Markets --
_t4. The Shadow of the Financial System --
_t5. The Coming Apart --
_t6. Rescue and the Limits of Regulation --
_t7. Nations, Globalization, and Financialization --
_t8. The Present in History --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aActions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform.Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022)
650 0 _aBanks and banking.
650 0 _aCapitalism
_xPolitical aspects.
650 0 _aFinance
_xLaw and legislation.
650 0 _aFinancial crises.
650 0 _aMonetary policy.
650 7 _aPOLITICAL SCIENCE / International Relations / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.7312/tabb15842
856 4 0 _uhttps://www.degruyter.com/isbn/9780231528030
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780231528030/original
942 _cEB
999 _c183585
_d183585