1st Edition

Political Economy of Financialization in the United States A Historical–Institutional Balance-Sheet Approach

By Kurt Mettenheim Copyright 2022
332 Pages 48 B/W Illustrations
by Routledge

332 Pages 48 B/W Illustrations
by Routledge

332 Pages 48 B/W Illustrations
by Routledge

Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term... Read more

Introduction
1 Compounding financialization, critical pluralist political economy, and historical-institutional balance-sheet analysis
2 Political economy and the financialization of American banking
3 The centralization and financialization of American monetary authority              
4 Shadow banking, off-balance sheet activities, and nonbank finance
Conclusion

Biography

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

An 'Author Meets Critics' session was held at the SASE conference in 2022. Full video available here: 

https://youtu.be/9OMTySj7YVo?si=gSYtnoaJhxmC4apM 

"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