LEADER 04085nam 2200697 a 450 001 9910824581103321 005 20200520144314.0 010 $a1-280-59924-3 010 $a9786613629074 010 $a0-231-52803-5 024 7 $a10.7312/tabb15842 035 $a(CKB)2670000000187398 035 $a(EBL)909388 035 $a(OCoLC)778616979 035 $a(SSID)ssj0000612766 035 $a(PQKBManifestationID)11362749 035 $a(PQKBTitleCode)TC0000612766 035 $a(PQKBWorkID)10572258 035 $a(PQKB)11143316 035 $a(StDuBDS)EDZ0000455074 035 $a(MiAaPQ)EBC909388 035 $a(DE-B1597)459372 035 $a(OCoLC)979832180 035 $a(DE-B1597)9780231528030 035 $a(Au-PeEL)EBL909388 035 $a(CaPaEBR)ebr10533353 035 $a(CaONFJC)MIL362907 035 $a(EXLCZ)992670000000187398 100 $a20110311d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe restructuring of capitalism in our time /$fWilliam K. Tabb 210 $aNew York $cColumbia University Press$dc2012 215 $a1 online resource (353 p.) 300 $aDescription based upon print version of record. 311 $a0-231-15842-4 320 $aIncludes bibliographical references and index. 327 $aThe centrality of finance -- Financialization and social structures of accumulation -- Realism in financial economics -- The shadow of the financial system -- The coming apart -- Rescue and the limits of reform -- Nations, globalization, and financialization -- The present in history. 330 $aActions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform.Tabb follows the rise of banking practices and financial motives in America over the past thirty years and the simultaneous growth of a shadow industry of hedge funds, private equity firms, and financial innovations such as derivatives. He marks the shift from an American economy based primarily on the production of goods and nonfinancial services to one characterized by financialization, then shows how these developments, perspectives, and approaches not only contributed to the recent financial crisis but also prevented the enactment of effective regulatory reform. He incisively analyzes the damage that increasing unsustainable debt and excessive risk-taking has done to our financial system and expands his critique to a discussion of world systems and globalization. Revealing the willful blind spots of mainstream finance theory, Tabb moves beyond an economic model reliant on debt expansion and dangerous levels of leverage, proposing instead a social structure of accumulation that places economic justice over profit and, more practically, institutes an inclusive, sustainable model for growth. 606 $aCapitalism$xPolitical aspects 606 $aFinancial crises 606 $aFinance$xLaw and legislation 606 $aMonetary policy 606 $aBanks and banking 615 0$aCapitalism$xPolitical aspects. 615 0$aFinancial crises. 615 0$aFinance$xLaw and legislation. 615 0$aMonetary policy. 615 0$aBanks and banking. 676 $a332 700 $aTabb$b William K$0125079 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910824581103321 996 $aThe restructuring of capitalism in our time$94086153 997 $aUNINA