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Financialization And The Us Economy

Özgür Orhangazi, Assistant Professor of Economics, Roosevelt University, Chicago, US
2008 176 pp Hardback 978 1 84720 594 0 $ 100.00 on-line discount $ 90.00

Özgür Orhangazi brings together a comprehensive analysis
of financialization in the US economy that encompasses the historical,
theoretical, and empirical sides of the issues. He explores the origins and
consequences of the dramatic rise of financial markets in the US economy
and focuses on the impacts of this process of ‘financialization’ on the
operations of the non-financial corporate sector.

Contents: Foreword by James Crotty Part I: Understanding Financialization 1. Introduction 2. Stylized Facts 3. Historical Context 4. Perspectives on Financialization Part II: Financialization and Capital Accumulation 5. Financial Markets and NFCs: A Theoretical Discussion 6. Financialization and Investment: Aggregate Analysis 7. Financialization and Investment: Firm-level Analysis 8. Conclusion Bibliography Index




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