1st Edition

Financialization and the Future of the American Economy

By William K Tabb Copyright 2024
210 Pages
by Routledge

210 Pages
by Routledge

210 Pages
by Routledge

Financialization is a set of processes which has led to a financially driven and commodified economy with rising inequality, tax avoidance, and a lack of investment in the physical and social infrastructure. Given the influence of money politics, and the secular increase in the burden of debt, financialization has produced a deeply flawed economic system which mainstream economists are unable to... Read more

1 Introduction

2 Financialization, Its Contemporary Setting, and Significance

3 The Costs of Financial System Failure

4 Inequality and Financialization

5 Value Extraction and Financing Monopoly Power

6 The Mainline Tradition and Endogenous Cycles

7 Inflation in the Contemporary Conjuncture

8 Finance and the Environmental Crisis

9 Making the Future: Beyond Financialization

Index

Biography

William K. Tabb is Professor Emeritus of Economics Queens College and of Economics, Political Science and Sociology at the Graduate Center of the City University of New York.