Social science theorists from various scholarly disciplines have
contributed to a recent literature that examines how the finance
industry has expanded and now wields increasing influence across a
variety of economic fields and industries. In some cases, this
tendency towards a more sizeable and influential finance industry has
been referred to as "the financialization" of the economy. This book
explains how what is referred to as the finance-led economy (arguably
a more neutral and less emotionally charged term than
financialization) is premised on a number of conditions, institutional
relations, and theoretical propositions and assumptions, and indicates
what the real economic consequences are for market actors and
households. The book provides a theoretically condensed but
empirically grounded account of the contemporary finance-led economy,
in many cases too complicated in its design and rich in detail to be
understood equally by insiders—empirical research indicates—and
lay audiences. It summarizes the relevant literature and points at two
empirical cases, the construction industry and life science venturing,
to better illustrate how the expansion of the finance industry has
contributed to the capital formation process, and how the sovereign
state has actively assisted this process. It offers a credible, yet
accessible overview of the economic conditions that will arguably
shape economic affairs for the foreseeable future. The book will find
an audience amongst a variety of readers, including graduate students,
management scholars, policymakers, and management consultants.
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Theoretical Views and Empirical Cases
Produktdetaljer
ISBN
9781000371710
Publisert
2020
Utgave
1. utgave
Utgiver
Taylor & Francis
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter