ricerca
avanzata

The Development of American Finance - 9780521195256

Un libro in lingua di Martijn Konings edito da Cambridge Univ Pr, 2011

  • € 94.90
  • Il prezzo è variabile in funzione del cambio della valuta d’origine

"Since the 1960s, scholars and other commentators have frequently announced the imminent decline of American financial power: excessive speculation and debt are believed to have undermined the long-term basis of a stable U.S.-led financial order. But theAmerican financial system has repeatedly shown itself to be more resilient than such assessments suggest. This book argues that there is considerable coherence to American finance: far from being a house of cards, it is a proper edifice, built on institutional foundations with points of both strength and weakness. The book examines these foundations through a historical account of their construction: it shows how institutional transformations in the late nineteenth century created a distinctive infrastructure of financial relations and proceeds to trace the contradiction-ridden expansion of this system during the twentieth century as well as its institutional consolidation during the neoliberal era. It concludes with a discussion of the forces of instability that hit at the start of the twenty-first century"--Provided by publisher.

Informazioni bibliografiche