Actions 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.
"synopsis" may belong to another edition of this title.
A provocative analysis of the fixes meant to balance our financial institutions and a better plan for long-lasting reform.
William K. Tabb is professor emeritus of economics at Queens College and professor emeritus of economics, political science, and sociology at the Graduate Center, City University of New York. He has been a visiting professor of economics at the University of California, Berkeley, and scholar in residence at Kansai University, Osaka, Japan. He is also the author of Economic Governance in the Age of Globalization.
"About this title" may belong to another edition of this title.
Shipping:
US$ 3.99
Within U.S.A.
Shipping:
US$ 4.00
Within U.S.A.
Seller: St Vincent de Paul of Lane County, Eugene, OR, U.S.A.
Condition: Good. Hardcover This item shows wear from consistent use but remains in good readable condition. It may have marks on or in it, and may show other signs of previous use or shelf wear. May have minor creases or signs of wear on dust jacket. Packed with care, shipped promptly. Seller Inventory # W-003-2119
Quantity: 1 available
Seller: Better World Books, Mishawaka, IN, U.S.A.
Condition: Very Good. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects. Seller Inventory # 9455988-6
Quantity: 1 available
Seller: Better World Books, Mishawaka, IN, U.S.A.
Condition: Very Good. Used book that is in excellent condition. May show signs of wear or have minor defects. Seller Inventory # 17408767-6
Quantity: 1 available
Seller: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
Hardcover. Condition: Very Good. Very Good - Crisp, clean, unread book with some shelfwear/edgewear, may have a remainder mark - NICE Standard-sized. Seller Inventory # M0231158424Z2
Quantity: 10 available
Seller: Midtown Scholar Bookstore, Harrisburg, PA, U.S.A.
Hardcover. Condition: Good. HARDCOVER Good - Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name - GOOD Standard-sized. Seller Inventory # M0231158424Z3
Quantity: 3 available
Seller: Book House in Dinkytown, IOBA, Minneapolis, MN, U.S.A.
Hardcover. Condition: Very Good. Dust Jacket Condition: Very Good. First Edition. First Printing with full number line. Binding is tight, sturdy, and square; boards and text also very good. Unclipped dust jacket arrives wrapped in protective mylar. Ships from Dinkytown in Minneapolis, Minnesota. Seller Inventory # 283620
Quantity: 1 available
Seller: GoldenWavesOfBooks, Fayetteville, TX, U.S.A.
Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0231158424
Quantity: 1 available
Seller: Campbell Bookstore, Austin, TX, U.S.A.
Condition: new. Seller Inventory # NewCamp0231158424
Quantity: 1 available
Seller: Wizard Books, Long Beach, CA, U.S.A.
Hardcover. Condition: new. New. Seller Inventory # Wizard0231158424
Quantity: 1 available
Seller: GoldBooks, Denver, CO, U.S.A.
Hardcover. Condition: new. New Copy. Customer Service Guaranteed. Seller Inventory # think0231158424
Quantity: 1 available