"Taking the Polanyian perspective, Basak Kus presents a persuasive account of the recent growth of what she terms 'disembedded financialization'-a financialized economy that lacks basic protections against mitigating risks, including industry-wide systemic risks, broader socio-economic risks and financial risks borne by individual consumers. Writing in a clear prose that makes the book accessible to a wider audience, Kus's lucid analysis underscores the social and human costs of financialization, and the real threat it can pose for the future of our democracy." Alya Guseva, Boston University, and author of Into the Read: The Birth of the Credit Card Market in Postcommunist Russia
During the last two decades, there has been much scholarly and popular interest in the financialization of the American economy-why the turn to finance has taken place, what constituted it, and what has come out of it. In Disembedded, Basak Kus draws from the theories of Karl Polanyi-one of the greatest and most influential political economists of the twentieth century-to answer these questions. Focused primarily on the state's regulatory role in a dominantly financialized economy, Kus examines how neoliberal principles influenced the evolution of American regulatory policies, shaping the financial sector's operations and practices. Her narrative traces the trajectory of these interactions, highlighting critical junctures, policy decisions, and market outcomes that culminated in the financial crisis. Offering historical insights into the financial crisis spanning 2007-2010 and its ensuing influence on American politics and democracy, Disembedded provides a broad-ranging and systemic explanation of the American political economy, especially the regulatory landscape that shaped the patterns of financialization.
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Disembedded: Regulation, Crisis, and Democracy in the Age of Finance
During the last two decades, there has been much scholarly and popular interest in the financialization of the American economy-why the turn to finance has taken place, what constituted it, and what has come out of it. In Disembedded, Basak Kus draws from the theories of Karl Polanyi-one of the greatest and most influential political economists of the twentieth century-to answer these questions. Focused primarily on the state's regulatory role in a dominantly financialized economy, Kus examines how neoliberal principles influenced the evolution of American regulatory policies, shaping the financial sector's operations and practices. Her narrative traces the trajectory of these interactions, highlighting critical junctures, policy decisions, and market outcomes that culminated in the financial crisis. Offering historical insights into the financial crisis spanning 2007-2010 and its ensuing influence on American politics and democracy, Disembedded provides a broad-ranging and systemic explanation of the American political economy, especially the regulatory landscape that shaped the patterns of financialization.
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Disembedded: Regulation, Crisis, and Democracy in the Age of Finance
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Product Details
BN ID: | 2940192813157 |
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Publisher: | Ascent Audio |
Publication date: | 07/16/2024 |
Edition description: | Unabridged |
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