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Author: P. Dembinski
Publisher: Springer
Published: 2008-12-03
Total Pages: 194
ISBN-13: 0230595057
DOWNLOAD EBOOKDuring the last 30 years, finance has increased not only its share of economic activity but also of people's aspirations. This has transformed society by increasingly organizing it around the search for financial efficiency. Is a society based on fundamental values of free judgment, responsibility and solidarity still possible?
Author: P. Dembinski
Publisher: Palgrave Macmillan
Published: 2008-12-03
Total Pages: 0
ISBN-13: 9780230220379
DOWNLOAD EBOOKDuring the last 30 years, finance has increased not only its share of economic activity but also of people's aspirations. This has transformed society by increasingly organizing it around the search for financial efficiency. Is a society based on fundamental values of free judgment, responsibility and solidarity still possible?
Author: Charles McDaniel, Jr.
Publisher: Routledge
Published: 2015-07-16
Total Pages: 299
ISBN-13: 1317503481
DOWNLOAD EBOOKEfforts to resolve the recent financial crisis have obscured a more deeply rooted financialization crisis that impacts not only the market economy but also the vital civic and moral traditions that support it. This book reveals the cultural influence of finance in reshaping the foundations of American civil society and proposes a return to certain "first principles" of the Republic to restore the nation’s economic vision. This book demonstrates how funding concerns and financial incentives "revalue" faith traditions, educational institutions, non-profit organizations, and even the nation’s healthcare system in ways that are eroding the diversity of American culture. These changes also undermine the ethical framework of both democratic government and the free-market system. While financial influence has diminished the value of civil society, this book proposes that revitalized intermediary institutions still offer the best path forward in restoring the financial sector and, more broadly, enriching the American competitive ethic toward development of a more virtuous economy. The book is written for an academic and professional audience, offering a blueprint for the involvement of civil society with government in providing more communally integrated oversight that could contribute to a genuine democratization of finance.
Author: Ryan C. Smith
Publisher: Springer Nature
Published: 2022-08-31
Total Pages: 252
ISBN-13: 303107131X
DOWNLOAD EBOOKThe rise of the global financial industry is treated by many economists as a critical component of the rise of neoliberalism. What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible. Here, it will be demonstrated that the dramatic transfer of wealth from the industrialized, capitalist world to OPEC’s members triggered by the Oil Embargo and the Oil Shock created a vast pool of liquid capital. Oil prices inflation, as a result of Embargo and Shock, also triggered a balance of payments crisis that created unprecedented global demand for credit. Processing this capital and mitigating the inflationary pressures which followed the 1973 Shock encouraged the development of more liquid, internationally mobile instruments that made financialization possible and ushered in the effective privatization of money creation. This transformation of the creation of money, the rise of a new global debt cycle, and petrocapital-fuelled changes to financial practices laid the foundations of modern finance and the neoliberal world order as we know them.
Author: Henri-Claude de Bettignies
Publisher: Springer
Published: 2009-04-14
Total Pages: 270
ISBN-13: 0230235751
DOWNLOAD EBOOKWhat has prompted the shift toward sustainability in numerous financial areas? Can investors' mindsets be changed to embrace a long-term view? Can shareholders and activists play a greater role in encouraging financial actors to behave more responsibly? These are some of the relevant topics that are explored in this forward-looking set of essays.
Author: Rob Aitken
Publisher: Routledge
Published: 2015-02-11
Total Pages: 256
ISBN-13: 1317748379
DOWNLOAD EBOOKThe most recent conversations about financial instability in International Political Economy have addressed the ongoing financial spasms of the past five years; a global financial spasm unleashed by the 2008 subprime debacle, ongoing Eurozone instability, and general price volatility in securities markets globally. Alongside and as part of these broader spasms, however, has been another key trend—the intensifying reach of global financial markets into and among those populations which live at its very edges. There are increasing, and increasingly profitable, experiments which are explicitly targeted to those without regular access to full or formalized financial practices. This book places the practices of fringe finance in critical context by situating them within a larger set of discussions in the field. Most importantly, this book is part of a much broader attempt in IPE to rethread the study of finance to questions of cultural and social theory in a meaningful manner. Finance is increasingly subjected to innovative forms of social inquiry influenced by a range of diverse methods including governmentality, actor-network theory and cultural economy. By drawing on several strands of social theory, this book contributes to this broader movement in IPE and helps open more space for the continuation of these interdisciplinary conversations. This work will be of great interest to students and scholars of IPE, development studies and economic sociology.
Author: Paul H. Dembinski
Publisher: Taylor & Francis
Published: 2017-02-03
Total Pages: 87
ISBN-13: 1351793748
DOWNLOAD EBOOK5.4 The quality of prices: insider trading, market rigging and dark pools -- 5.5 Volatility and risk transfer -- Chapter 6: New avenues for action -- 6.1 Curbing expectations and aspirations in finance -- 6.2 Enhancing the importance of personal relationships -- 6.3 Simplifying the way finance works -- 6.4 Teaching finance differently -- 6.5 Ethics as a goal -- Bibliography -- Index.
Author: Ron Martin
Publisher: Edward Elgar Publishing
Published: 2017-03-31
Total Pages: 672
ISBN-13: 1784719005
DOWNLOAD EBOOKThe aim of this timely work, which appears in the wake of the worst global financial crisis since the late 1920s, is to bring together high quality research-based contributions from leading international scholars involved in constructing a geographical perspective on money. Topics covered include the crisis, the spatial circuits of finance, regulation, mainstream financial markets (banking, equity, etc), through to the various ‘alternative’ and ‘disruptive’ forms of money that have arisen in recent years. It will be of interest to geographers, political scientists, sociologists, economists, planners and all those interested in how money shapes and reshapes socio-economic space and conditions local and regional development.
Author: Dieter Pesendorfer
Publisher: Springer Nature
Published: 2020-01-11
Total Pages: 377
ISBN-13: 3030360520
DOWNLOAD EBOOKThe European Union is creating a Financial Union with a European Banking Union and a Capital Markets Union in reaction to lessons learned from incomplete financial markets integration, the Global Financial Crisis and European Sovereign Debt Crisis. This book critically analyses these projects for a more integrated, resilient and sustainable financial system at a time when the United Kingdom as the member state with the most developed capital markets and the leading global and European financial center, the City of London, is leaving the Union. Neoliberal financial globalization and markets integration policies have led to finance-led capitalism that caused the crises. By building on pre-crises integration ideas, the Union revives and expands the reach of capital markets-based financing and shadow banking. The book discusses the consequences of deeper integration and the future of European financial centers advocating an alternative financial markets integration based on theories explaining finacialization and finance-led capitalism.
Author: A. G. Malliaris
Publisher: Oxford University Press
Published: 2016
Total Pages: 521
ISBN-13: 0199386226
DOWNLOAD EBOOKIntroduction -- The global financial crisis of 2007-09 : an overview of neglected ideas from economics, psychology, and values / A.G. Malliaris, Leslie Shaw, and Hersh Shefrin -- The global financial crisis of 2007-09 and economics -- From asset price bubbles to liquidity traps / A.G. Malliaris -- A minsky meltdown: lessons for central bankers / Janet Yellen -- Modeling financial instability / Steve Keen -- Assessing the contribution of hyman minsky's perspective to our understanding of economic instability / Hersh Shefrin -- The Great Recession of 2008-09 and its impact on unemployment / John Silvia -- Mathematical definition, mapping, and detection of (anti)fragility / Nassim Taleb and Rafael Douady -- The global financial crisis of 2007-09 and psychology -- The varieties of incentive experience / Robert Kolb -- Goals and the organization of choice under risk in both the long run and the short run / Lola Lopes -- Topology of greed and fear / Graciela Chichilnisky -- A sustainable understanding of instability in minds and in markets / Leslie Shaw -- Existence of monopoly in the stock market : a model of information-based manipulation / Viktoria Dalko, Lawrence R. Klein, S. Prakash Sethi, and Michael Wang -- Crisis of authority / Werner DeBondt -- Social structure, power, and financial fraud / Brooke Harrington -- The global financial crisis of 2007-09 and values -- Economics, self psychology, and ethics : why modern economic persons cheat and how self psychology can provide the basis for a trustworthy economic world / John Riker -- Finance professionals in the market for status / Meir Statman -- Why risk management failed: ethical and behavioral explanations / John Boatright -- The global financial crisis and social justice : the crisis seen through the lens of Catholic social doctrine / Paul Fitzgerald, S.J -- The moral benefits of financial crises: a virtue ethics perspective / John Dobson -- Three ethical dimensions of the financial crisis / Antonio Argandonan -- Epilogue -- Lessons for future financial stability / A.G. Malliaris, Leslie Shaw, and Hersh Shefrin
