Greta Krippner submitted Capitalizing on Crisis to Harvard University Press at the end of the summer of , before the Great Recession began. I read it as a m. This year, the A.S.A.’s Distinguished Scholarly Publication Award goes to Greta Krippner for Capitalizing on Crisis: The Political Origins of the Rise of Finance. Feb 7, Greta R. Krippner Capitalizing on Crisis: The Political Origins of the Rise of Finance. Cambridge, MA, Harvard University Press,
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Capitalizing on Crisis: the Political Origins of the Rise of Finance
Rather than find a proper allocation for competing services, the government deregulated Regulation Q which allowed for higher interest rate loans. Brittany rated it liked it Jun 18, This book details the rise of finance in the U. Capitalizing on Crisis is a very significant, and particularly timely, book. Oct 27, Nils rated it it was amazing. Beyond the important history Krippner thus tells, however, is the more general lesson that particular solutions pursued for particular purposes in response to particular crises produced consequences that could not possibly be predicted in advance.
Showing of 11 reviews. For example, the auto giants had to get involved in the financing. Financialization reference to the ever-growing profits from the financial sector and the declining profit from the non-financial sectors. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
Evidence from European non-financial corporations. As Krippner explains, in making this change the expectation had been that the market would impose a discipline on economic behaviour that political actors were unwilling to do.
The politics of pro-worker reforms. Close mobile search navigation Article navigation. In Capitalizing on CrisisGreta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U. It is not a long book–the core material runs roughly pages. With this profound understanding of complex literatures, Krippner then delves into the details of the history, identifying the combination of three distinct processes: This book very helpfully presents many nuts and bolts, particulars in policy actions, showing how and why that happened, stage by stage, from the onset of inflation into the s.
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Amazon Drive Cloud storage from Amazon. In the context of the recent financial crisis, the extent to which the U. Each year, the Distinguished Scholarly Publication Award Committee reads and evaluates more than sixty nominated books, a great many of them excellent works of scholarship, and quite a few worthy of significant distinction. Add both to Cart Add both to List. Our recent titles are available via Edelweiss.
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The Political Origins of the Rise of Finance Each year, the Distinguished Scholarly Publication Award Committee reads and evaluates more than sixty nominated books, a great many of them excellent works of scholarship, and quite a few worthy capitalizig significant distinction.
Finally on the realisation relying on market mechanisms offered in fact very little restraint on consumers, corporations, or governments how approaches to monetary policy developed incrementally in the period up to to control the demand for credit through interest rates as opposed to regulation of the supply.
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Capitalizing on Crisis
From axiomatic accounts of corporate earning coming more from their financial activity than their production activity, to the general statistics of where profit comes from.
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Capitalizing on Crisis — Greta R. Krippner | Harvard University Press
The problems presented were that of scarce credit and inflation. How Krippner expresses the development of financialization as being ad hoc rather than planned makes this book a wonderful addition to the economic, financial, and political literature. The digital Loeb Classical Library loebclassics. The book would have been even better, had she updated her data — I am perplexed as to why she did not. The case studies are unparalleled and highly original.
Krippner begins and ends her book with Daniel Bell.