The Restructuring of Capitalism in Our Time

The Restructuring of Capitalism in Our Time
Author :
Publisher : Columbia University Press
Total Pages : 354
Release :
ISBN-10 : 9780231158428
ISBN-13 : 0231158424
Rating : 4/5 (424 Downloads)

Book Synopsis The Restructuring of Capitalism in Our Time by : William K. Tabb

Download or read book The Restructuring of Capitalism in Our Time written by William K. Tabb and published by Columbia University Press. This book was released on 2012 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Restructuring of Capitalism in Our Time Related Books

The Restructuring of Capitalism in Our Time
Language: en
Pages: 354
Authors: William K. Tabb
Categories: Business & Economics
Type: BOOK - Published: 2012 - Publisher: Columbia University Press

DOWNLOAD EBOOK

Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guara
America Beyond Capitalism
Language: en
Pages: 373
Authors: Gar Alperovitz
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: Democracy Collaborative Pres

DOWNLOAD EBOOK

America Beyond Capitalism is a book whose time has come. Gar Alperovitz's expert diagnosis of the long-term structural crisis of the American economic and polit
Locating Capitalism in Time and Space
Language: en
Pages: 372
Authors: David Nugent
Categories: Business & Economics
Type: BOOK - Published: 2002 - Publisher: Stanford University Press

DOWNLOAD EBOOK

The last several decades have witnessed major restructurings--economic, political, and cultural--in the international arena. The depth and scope of these change
The Global Capitalist Crisis and Its Aftermath
Language: en
Pages: 345
Authors: Berch Berberoglu
Categories: Political Science
Type: BOOK - Published: 2016-12-05 - Publisher: Routledge

DOWNLOAD EBOOK

Written by a team of experts on the contemporary global capitalist political economy who are able to shed light on the inner workings of global capitalism and t
America after Empire
Language: en
Pages: 172
Authors: Berch Berberoglu
Categories: Social Science
Type: BOOK - Published: 2022-11-09 - Publisher: Taylor & Francis

DOWNLOAD EBOOK

After the end of America’s longest (20-year) war in Afghanistan and Iraq that cost more than $6 trillion and nearly half a million lives, what does the future