1st Edition

Financialization of the Economy, Business, and Household Inequality in the United States A Historical–Institutional Balance-Sheet Approach

By Kurt Mettenheim, Olivier Butzbach Copyright 2022
    164 Pages 43 B/W Illustrations
    by Routledge

    164 Pages 43 B/W Illustrations
    by Routledge

    This second volume on the political and social economy of financialization in the US focuses on the consequences of the rise of finance for the American macroeconomy, household inequality, and the management of nonfinancial business enterprises.

    A historical–institutional balance-sheet approach to long-term trends and recent change in the US reveals a series of anomalies and provisos for critical, heterodox, and mainstream economic approaches and provides new perspectives on debates about political economic change in advanced economies since the 2007–2008 financial crisis.

    This book marks a significant contribution to the literature on financialization and studies in social economics, household economics, the structure and management of nonfinancial business enterprises, and American political economy.

    1 The financialization of the American economy
    2 The financialization of American household inequality

    3 The financialization of American nonfinancial business

    Oliver Butzbach



    Kurt Mettenheim taught at the FGV-EAESP in São Paulo, Brazil, the University of Oxford the University of Pittsburgh, and Columbia University.

    Olivier Butzbach is an Associate Professor of Political Economy at the Department of Political Science of the University of Campania ‘Luigi Vanvitelli’, Italy.

    "A massive and remarkable achievement. The historical institutional analysis of trends in sectoral balance sheets is backed by endlessly fascinating tables and figures. The central claim about the ideological and real impact of finance is highly relevant to the study of American and comparative political economy. The two volumes provide important insights into patterns of continuity and change in American economics and politics since the financial crisis of 2007-8."

    Jeffry Frieden, Harvard University Department of Government