04045cam a2200553 a 4500 16688118 BJBSDDR 20260803163008.0 ta 110311s2012 nyu b 001 0 eng 2011008941 015884370 Uk 9780231158428 (cloth : alk. paper) 0231158424 (cloth : alk. paper) 9780231528030 electronic 0231528035 electronic 16688118 (OCoLC)707023034 DLC DLC YDXCP UKMGB ZCU BWX CDX IAD C#P BTCTA DLC eng eng pcc HB 501 T112r 2012 332 Tabb, William K 46996 The restructuring of capitalism in our time / William K. Tabb. New York : Columbia University Press, c2012. viii, 341 pages ; 24 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages [277]-313) and index. The centrality of finance -- Financialization and social structures of accumulation -- Realism in financial economics -- The shadow of the financial system -- The coming apart -- Rescue and the limits of reform -- Nations, globalization, and financialization -- The present in history. Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth Capitalism Political aspects. Capitalismo Aspectos políticos 14618 Financial crises. Crisis financiera 1782 Finance Law and legislation. Finanzas Legislación 20654 Monetary policy. Política monetaria 1653 Banks and banking. Bancos y banca 853 http://bvbr.bib-bvb.de:8991/F?func=service&doc%5Flibrary=BVB01&doc%5Fnumber=024386428&line%5Fnumber=0001&func%5Fcode=DB%5FRECORDS&service%5Ftype=MEDIA Inhaltsverzeichnis 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 126353 126353 0 0 lcc 0 0 CS BJB BJB CS 2026-02-09 0 HB 501 T112r 2012 00000198690 2026-02-09 16:12:00 1 2026-02-09 BK