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The Ascendancy of Finance

2017-06-15 Political Science
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Release : 2017-06-15
Genre : Political Science
Kind : eBook
Book Rating : 33X/5 ( reviews)

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Book Synopsis The Ascendancy of Finance by : Joseph Vogl

Download or read book The Ascendancy of Finance written by Joseph Vogl. This book was released on 2017-06-15. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry. In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a complex and constantly evolving relationship between private creditors and the state. Combining historical and theoretical analysis, Vogl argues that over the last three centuries, finance has become a "fourth estate," marked by the systematic interconnection of treasury and finance, of political and private economic interests. Against this historical background, Vogl explores the latest phase in the financialization of government, namely the dramatic transfer of power from states to markets in the latter half of the 20th century. From the liberalization of credit and capital markets to the privatization of social security, he shows how policy has actively enabled a restructuring of the economy around the financial sector. Political systems are "imprisoned" by the regime of finance, while the corporate model suffuses society, enclosing populations in the production of financial capital. The Ascendancy of Finance provides valuable and unsettling insight into the genesis of modern power and where it truly resides.

The Ascendancy of Finance

2017-09-05 Political Science
Download The Ascendancy of Finance PDF Online Free

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Release : 2017-09-05
Genre : Political Science
Kind : eBook
Book Rating : 313/5 ( reviews)

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Book Synopsis The Ascendancy of Finance by : Joseph Vogl

Download or read book The Ascendancy of Finance written by Joseph Vogl. This book was released on 2017-09-05. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry. In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a complex and constantly evolving relationship between private creditors and the state. Combining historical and theoretical analysis, Vogl argues that over the last three centuries, finance has become a "fourth estate," marked by the systematic interconnection of treasury and finance, of political and private economic interests. Against this historical background, Vogl explores the latest phase in the financialization of government, namely the dramatic transfer of power from states to markets in the latter half of the 20th century. From the liberalization of credit and capital markets to the privatization of social security, he shows how policy has actively enabled a restructuring of the economy around the financial sector. Political systems are "imprisoned" by the regime of finance, while the corporate model suffuses society, enclosing populations in the production of financial capital. The Ascendancy of Finance provides valuable and unsettling insight into the genesis of modern power and where it truly resides.

The Founders and Finance

2012-10-08 History
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Release : 2012-10-08
Genre : History
Kind : eBook
Book Rating : 352/5 ( reviews)

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Book Synopsis The Founders and Finance by : Thomas K. McCraw

Download or read book The Founders and Finance written by Thomas K. McCraw. This book was released on 2012-10-08. Available in PDF, EPUB and Kindle. Book excerpt: In 1776 the United States government started out on a shoestring and quickly went bankrupt fighting its War of Independence against Britain. At the war’s end, the national government owed tremendous sums to foreign creditors and its own citizens. But lacking the power to tax, it had no means to repay them. The Founders and Finance is the first book to tell the story of how foreign-born financial specialists—immigrants—solved the fiscal crisis and set the United States on a path to long-term economic success. Pulitzer Prize–winning author Thomas K. McCraw analyzes the skills and worldliness of Alexander Hamilton (from the Danish Virgin Islands), Albert Gallatin (from the Republic of Geneva), and other immigrant founders who guided the nation to prosperity. Their expertise with liquid capital far exceeded that of native-born plantation owners Washington, Jefferson, and Madison, who well understood the management of land and slaves but had only a vague knowledge of financial instruments—currencies, stocks, and bonds. The very rootlessness of America’s immigrant leaders gave them a better understanding of money, credit, and banks, and the way each could be made to serve the public good. The remarkable financial innovations designed by Hamilton, Gallatin, and other immigrants enabled the United States to control its debts, to pay for the Louisiana Purchase of 1803, and—barely—to fight the War of 1812, which preserved the nation’s hard-won independence from Britain.

Capital Flows and Financial Crises

2018-09-05 Political Science
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Release : 2018-09-05
Genre : Political Science
Kind : eBook
Book Rating : 408/5 ( reviews)

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Book Synopsis Capital Flows and Financial Crises by : Miles Kahler

Download or read book Capital Flows and Financial Crises written by Miles Kahler. This book was released on 2018-09-05. Available in PDF, EPUB and Kindle. Book excerpt: Capital flows to the developing economies have long displayed a boom-and-bust pattern. Rarely has the cycle turned as abruptly as it did in the 1990s, however: surges in lending were followed by the Mexican peso crisis of 1994-95 and the sudden collapse of currencies in Asia in 1997. This volume maps a new and uncertain financial landscape, one in which volatile private capital flows and fragile banking systems produce sudden reversals of fortune for governments and economies. This environment creates dilemmas for both national policymakers who confront the "mixed blessing" of capital inflows and the international institutions that manage the recurrent crises.The authors—leading economists and political scientists—examine private capital flows and their consequences in Latin America, Pacific Asia, and East Europe, placing current cycles of lending in historical perspective. National governments have used a variety of strategies to deal with capital-account instability. The authors evaluate those responses, prescribe new alternatives, and consider whether the new circumstances require novel international policies.

The Ascendancy of the Reconstruction Finance Corporation Over Banks and Trust Companies, from February 2, 1932 to January 31, 1934

1934
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Release : 1934
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Book Synopsis The Ascendancy of the Reconstruction Finance Corporation Over Banks and Trust Companies, from February 2, 1932 to January 31, 1934 by : Margaret Elizabeth Baker

Download or read book The Ascendancy of the Reconstruction Finance Corporation Over Banks and Trust Companies, from February 2, 1932 to January 31, 1934 written by Margaret Elizabeth Baker. This book was released on 1934. Available in PDF, EPUB and Kindle. Book excerpt:

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