Financialization and the World Economy

TL;DR: The authors presents an argument that work and employment relationships are increasingly "fractured" and "fragmented" and reviews the changing contexts of investor-capitalism (fina...

TL;DR: In this article, the effects of financialisation on income distribution, before and after the Great Financial Crisis and the Great Recession, are analysed. But the analysis is based on a Kaleckian theory of income distribution adapted to the conditions of financialization.

TL;DR: In this paper, economic arguments for and against using capital controls, prudential regulations and other "capital management techniques" to manage international financial flows, presents empirical evidence on their impacts, and describes the variety of policies that many countries have successfully applied to enhance macroeconomic and financial stability, create policy space, and achieve other national development goals.

TL;DR: The authors showed that the large shocks that capital owners experienced during the Great Depression and World War II have had a permanent effect on top capital incomes and argued that steep progressive income and estate taxation may have prevented large fortunes from fully recovering from these shocks.

TL;DR: In this paper, the authors discuss the role of Bretton-woods and the endorsement of capital controls in the emergence of global finance and the slow and limited move to convertibility.

TL;DR: Greider's seminal bestseller "Secrets of the Temple" as discussed by the authors reveals how the US Federal Reserve operates and manipulates and the world's economy during the last eight crucial years.