Journal ArticleDOI
Making sense of financialization
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In this paper, the authors evaluate the insights of more than a decade of scholarship on financialization and argue that a deeper understanding of financialization will lead to a better understanding of organized interests, the politics of the welfare state, and processes of institutional change.Abstract:
Since the early 2000s, scholars from a variety of disciplines have used the concept of financialization to describe a host of structural changes in the advanced political economies. Studies of financialization interrogate how an increasingly autonomous realm of global finance has altered the underlying logics of the industrial economy and the inner workings of democratic society. This paper evaluates the insights of more than a decade of scholarship on financialization. Three approaches will be discussed: the emergence of a new regime of accumulation, the ascendency of the shareholder value orientation and the financialization of everyday life. It is argued that a deeper understanding of financialization will lead to a better understanding of organized interests, the politics of the welfare state, and processes of institutional change.read more
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(Reseña) Re-Forming Capitalism: Institutional Change in the German Political Economy.
TL;DR: In this article, the authors present a review of the history of institutional change in Germany, focusing on five sectors: institutional change, capitalist development, social policy, public finance, industrial bargaining, and disorganization.
Journal ArticleDOI
The limits to financialization
TL;DR: In this article, the authors identify and fleshes out five key sets of limits and the connections between them: analytic, theoretic, strategic, optic, and empiric limits.
Journal ArticleDOI
The Variegated Financialization of Housing
TL;DR: There is a small but growing literature on the financialization of housing that demonstrates how housing is a central aspect of financialization as discussed by the authors, but the relations between housing and financialization remain under-researched and under-theorized.
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Financialization of the Economy
Gerald F. Davis,Suntae Kim +1 more
TL;DR: A review of evidence on the causes and consequences of financialization in the United States and around the world, with particular attention to the spread of financial markets is presented in this article.
Journal ArticleDOI
Financialisation of Valuation
TL;DR: In this article, the authors show that forms of analysis and calculation specific to finance are spreading, and changing valuation processes in various social settings, and they also support the hypothesis of a parallel colonisation of non-financial activities by financialised valuations.
References
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The Three Worlds of Welfare Capitalism
TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
Journal ArticleDOI
The long twentieth century: money, power, and the origins of our times
TL;DR: Arrighi argues that the history of capitalism has unfolded as a succession of "long centuries" - ages during which a hegemonic power deploying a novel combination of economic and political networks secured control over an expanding world-economic space as mentioned in this paper.
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The Cross-National Diversity of Corporate Governance: Dimensions and Determinants
Ruth V. Aguilera,Gregory Jackson +1 more
TL;DR: The authors developed a theoretical model to describe and explain variation in corporate governance among advanced capitalist economies, identifying the social relations and institutional arrangements that shape who controls corporations, what interests corporations serve, and the allocation of rights and responsibilities among corporate stakeholders.
Journal ArticleDOI
The financialization of the American economy
TL;DR: In this article, the authors present systematic empirical evidence for the financialization of the US economy in the post-1970s period and develop two discrete measures of financialization and apply these measures to postwar US economic data in order to determine if, and to what extent, US economy is becoming financialized.