Financialization and the World Economy

TL;DR: This paper explored the relationship between financialisation and labour's share of income using a time-series cross-sectional dataset of 13 countries over the time period from 1986 until 2007, and found that there is indeed a relationship between increasing dividend and interest payments of non-financial corporations and the decline of the share of wages in national income.

TL;DR: In this article, the authors argue that the world city archipelago remains an obligatory passage point for the relatively assured realization of capital and that the advanced producer services complex appropriates superprofits as producers of co-constitutive knowledge on operational and financial firm restructuring.

TL;DR: In this paper, the authors empirically assess patterns of business unity within regulatory policymaking across different regulated sectors and find considerable empirical support for the finance capital unity hypothesis, the notion that the financial sector enjoys more business unity than do other regulated sectors of the economy.

TL;DR: A growing number of companies choose to pursue financial and social goals simultaneously as discussed by the authors, and these dual-purpose companies face inherent tradeoffs as they are caught between the competing expectations of the two 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.