1.

Record Nr.

UNINA9910819675703321

Autore

Davis Gerald F (Gerald Fredrick), <1961->

Titolo

Managed by the markets : how finance reshaped America / / Gerald F. Davis

Pubbl/distr/stampa

Oxford ; ; New York, : Oxford University Press, 2009

ISBN

1-282-19924-2

9786612199240

0-19-156879-1

Edizione

[1st ed.]

Descrizione fisica

1 online resource (323 p.)

Disciplina

332/.0410973

332.10973

Soggetti

Capital market - United States - History - 21st century

Business cycles - United States - History - 21st century

United States Economic conditions 2001-2009

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [285]-294) and index.

Nota di contenuto

Contents; 1. The New Financial Capitalism; 2. Financial Markets and Corporate Governance; 3. From Institution to Nexus: How the Corporation Got, Then Lost, its Soul; 4. From Banks to Markets: How Securitization Ended the "Wonderful Life"; 5. From Sovereign to Vendor-State: How Delaware and Liberia became the McDonald's and Nike of Corporate Law; 6. From Employee and Citizen to Investor: How Talent, Friends, and Homes became "Capital"; 7. Conclusion: A Society of Investors?; Notes; References; Index

Sommario/riassunto

The turbulence of the stock market and the housing market in the early years of the 21st century have demonstrated the dangers of tying society too closely to financial markets. Managed by the Markets provides a guide to how we got here and unpacks the consequences of linking the well-being of society too closely to financial markets. - ;The current economic crisis reveals just how central finance has become to American life. Problems with obscure securities created on Wall Street radiated outward to threaten the retirement security of pensioners in Florida and Arizona, the homes and college