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Governing Financializati on: The Tangled Politics of Financial Liberalisation
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eBay item number:375693763310
Item specifics
- Condition
- EAN
- 9780192897015
- UPC
- 9780192897015
- ISBN
- 9780192897015
- MPN
- N/A
- Book Title
- Governing Financialization: The Tangled Politics o
- Item Length
- 23.6 cm
- Item Weight
- 0.44 kg
- Publication Year
- 2021
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Subject Area
- Political Sociology
- Publication Name
- Governing Financialization: the Tangled Politics of Financial Liberalization in Britain
- Item Height
- 234 mm
- Publisher
- Oxford University Press
- Subject
- Economics
- Item Width
- 156 mm
- Number of Pages
- 208 Pages
About this product
Product Information
Capitalism has become 'financialized'. Since the 1970s, the swelling of financial markets and asset price bubbles has occurred alongside weaker underlying economic growth. Yet financialization was not a spontaneous market development - it was deeply political. States fuelled this process through policies of financial liberalization, and the British state lies at the heart of the story. Britain's radical financial liberalizations in the 1970s and 1980s were instrumental in creating a financialized global economic order in which the City of London emerged as a central hub. But why did the British state propel financialization? The conventional wisdom points to the lobbying power of financial elites and the strength of neoliberal ideology. However, Governing Financialization offers an alternative explanation through an in-depth exploration of declassified state archives. By examining key financial liberalizations in the 1970s and 1980s - including the notorious 'Big Bang' - this book argues that these policies were not part of an intentional scheme to create a new finance-led economic model. Instead, they were designed to address immediate governing dilemmas related to the grinding 'stagflation' crisis and its aftershocks. In this era, British governments found themselves trapped between global competitive pressures to enforce painful domestic adjustment and national political pressures to maintain existing living standards. Financial liberalization was pursued in a trial-and-error manner to navigate this dilemma. By unleashing financial markets, the state hoped to either postpone the worst effects of the crisis, or enact tough economic restructuring in an arm's-length fashion. Financialization was an accidental outcome, not an intentional result.
Product Identifiers
Publisher
Oxford University Press
ISBN-13
9780192897015
eBay Product ID (ePID)
16049035903
Product Key Features
Number of Pages
208 Pages
Publication Name
Governing Financialization: the Tangled Politics of Financial Liberalization in Britain
Language
English
Subject
Economics
Publication Year
2021
Type
Textbook
Subject Area
Political Sociology
Format
Hardcover
Dimensions
Item Height
234 mm
Item Width
156 mm
Additional Product Features
Country/Region of Manufacture
United Kingdom
Item description from the seller
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