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Keywords: financialization
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Chapter
Published: 07 October 2022
... absconding Blue Wings Roaring English Duvell IPO stock market global financial market intraorganizational conflict institutionalization isomorphism selection adaptation financialization venture capital [The Education Industry] used to be a profitable industry. It required solid and rigorous...
Chapter
Introduction
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Robert Meister
Published: 19 April 2021
...The extent to which capital markets compound, rather than offset, the effects of past injustice is itself unjust. For this reason, the state's decision in 2008 to support the liquidity wealth held as appreciated financial assets, could and should have been the focus of democratic efforts to harvest...
Book
Published online: 19 May 2016
Published in print: 20 November 2015
... estate markets are “performed” through historically and locally-specific professional practices. The book focuses on three main causes of overbuilding in commercial real estate: financial instruments and regulatory changes that boost liquidity in global capital markets; the practices of local...
Chapter
Justice as an Option
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Robert Meister
Published: 19 April 2021
...Since the Great Recession financial macroeconomists have argued that the US government should have supported the liquidity of accumulated capital, but that standard options theory can be used to price the premium that it could/should have extracted for guaranteeing macroeconomic liquidity...
Chapter
Fast Money Builds the Speculative City
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Rachel Weber
Published: 20 November 2015
...This chapter examines the role of financial markets in real estate development and how financial actors influence the form of American cities. It serves as a basic primer in development finance for the uninitiated, introducing the players who make up the contemporary system of real estate finance...
Chapter
Conclusion
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Llerena Guiu Searle
Published: 21 September 2016
...This chapter describes Gurgaon and Indian real estate markets in 2014, six years after the research for the book was completed. Despite ongoing construction, the author did not find the real estate market that many had envisioned in 2006. In part because of the global financial crisis that began...
Book
Banking on Slavery: Financing Southern Expansion in the Antebellum United States
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Sharon Ann Murphy
Published online: 21 September 2023
Published in print: 05 April 2023
...The rapid spread of slavery into the frontier South during the 1820s and 1830s was dependent upon the availability of financial support for slaveholders, which came from both traditional commercial banks as well as new types of banking institutions specifically designed to meet the needs of a slave...
Chapter
The Magician’s Glass
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Jeffrey Sklansky
Published: 03 November 2017
... on greater elasticity and easier access to monetary and financial resources, and the popular discourse of political economy gave way to academic economics. Amid the sweeping financialization of recent decades, however, the conditions may have emerged for a revival of the money question in new form. The dual...
Chapter
Adapting Slave Financing to the Needs of the Frontier South during the Nation’s First Boom and Bust
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Sharon Ann Murphy
Published: 05 April 2023
...This chapter examines the shifting attitudes of banks towards the financialization of enslaved people during the post-War of 1812 boom and the ensuing Panic of 1819. Many southern banks—particularly those operating on the frontier—began pushing the boundaries of both their charter limitations...
Chapter
Reimagining Banking for a Slave Economy
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Sharon Ann Murphy
Published: 05 April 2023
...This chapter examines the creation of plantation banks during the 1830s, marking the pinnacle of the financialization of slavery. In particular, the capital-intensive nature of Louisiana sugar plantations required large, long-term loans that fell outside the scope of even the most permissive...
Chapter
From Commercial Banking to Private Finance
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Sharon Ann Murphy
Published: 05 April 2023
.... As the frontier of the 1830s became more settled, legislatures aggressively pushed back against bank financing of slavery, forcing slaveholders to pursue other methods of financial support. The more mature plantation system of the late 1840s instead relied for its financing on the few remaining banks, private...
Chapter
Epilogue: Banks, Debt, Emancipation, Reparations, and Memory
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Sharon Ann Murphy
Published: 05 April 2023
...This epilogue considers the long-term implications of the financialization of enslaved people. In the immediate aftermath of emancipation, numerous court cases revolved around the question of whether the debtor or creditor should bear the pecuniary loss of emancipation. The few banks to survive...
Chapter
On the Origins of Corporate Culture
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Kathryn Lofton
Published: 12 September 2017
...This chapter offers a history of the concept of “corporate culture.” It begins and concludes with the 2008 financial crisis because respondents to the crisis suggested it was the result of a culture problem. As they emerged from years of fines, layoffs, and reported losses, American bankers...
Chapter
Published: 12 September 2017
... Carter Heath Drake Janine Giordano Marx Karl working class dissent Adler Felix Coffin Henry Sloane Ethical Culture movement Goldman Julius Protestantism financialization of everyday life Mandel Michael J Martin Randy Nelson Robert H risk taking Aquinas Thomas Luther Martin Borges Jorge...
Chapter
Published: 09 November 2015
... of the industries from which they hail. In particular, regulators from the asset-management industry appear to be behind the rise in fair-value accounting rules, perhaps because such rules enhance compensation levels in the industry. The evidence points to the potential “financialization” of the FASB as the asset...
Chapter
The Political Construction of Partnership
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Josh Pacewicz
Published: 21 November 2016
... by financial deregulation, which precipitated the 20th Century’s largest corporate merger movement. Corporations headquartered elsewhere acquired local businesses, thinning the ranks of traditional business and union leaders. Concurrently, federal bureaucracies responsible for social service and urban...
Book
Justice Is an Option: A Democratic Theory of Finance for the Twenty-First Century
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Robert Meister
Published online: 20 January 2022
Published in print: 19 April 2021
... made by the financial sector to thwart demands for justice in turbulent times, and elicit government guarantees of the value of the securities used to collateralize private credit markets. After this occurred in 2008, prominent financial macroeconomists have used options theory to value the premium...
Chapter
Finance and Marx
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Robert Meister
Published: 19 April 2021
... (and its value). This is not the case, however, in his crucial concept of “relative surplus” value, where producer goods do double duty as means of production and as investment vehicles (financial assets) that offer arbitrage opportunities to investors in labor-saving technology. It is the sudden...
Chapter
Funding Justice
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Robert Meister
Published: 19 April 2021
...The view that a pro-justice politics can be funded by financial markets through options is here considered in the context of other funding approaches. These include financing a larger public sector through taxation and government debt, and Minsky’s proposal to nationalize financial markets in order...
Book
Speculative Communities: Living with Uncertainty in a Financialized World
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Aris Komporozos-Athanasiou
Published online: 22 September 2022
Published in print: 17 January 2022
...Speculative Communities examines the ways that speculation has moved beyond financial markets to shape fundamental aspects of our social and political lives. The book shows that even our methods of building community and pursuing intimacy have shifted to the speculative realm as social media...