...This chapter focuses on the judicial reform and its funding. It provides an overview of judicial finance at the national, provincial, and county levels and analyzes the institutional logic of financial strains in the state system. Finance judicial Zheng Tianxi Judicial functions and funding...

..., and what existing research has illuminated about it. It compares the FILP system to policy finance systems in other countries. Finally, it lays out the analytic framework for the remainder of the study. Fiscal Investment Loan Program FILP Postal savings system advantages of for investors Savings rate...

... actors Universal banks activities Arrighi Giovanni Capitalism banking in Finance categories of practice Financialization Organized conflict finance as Verdier Daniel Discrimination credit Blanchflower David G Information asymmetries Levine Phillip B Tilly Charles Zimmerman David J Bonds...

...The conclusion spells out how the theory of finance as organized conflict outlined in the book relates to approaches that emphasize scarce information as the reason for the existence of banks. It discusses how the theory extends Schumpeter’s insights on the relationship between bankers...

... for academics capitalism contradictions of stakeholder capitalism global economy finance experts growth economics crisis management sustainability studies This book is motivated by the simple hope that the cloud of the global financial crisis may yet have a silver lining. In short, we hope that political...

...This chapter provides a critique of the mathematization of finance and its disastrous consequences. It argues that beginning in the first quarter of the twentieth century and continuing to date, mathematics has moved from being a tool of analysis to being an end in itself. It notes that finance...

...This chapter considers how bankers and traders have placed the game of creative innovation in the service of the game of winner-take-all shareholder capitalism. It notes that the increased importance of regulators and arbiters in sports as well as finance is driven by a similar tendency to innovate...

...This chapter examines the deep organizational problems in the culture and tools of high finance that limit reliable performance only within a very narrow set of system conditions. It argues that overspecialization, control and conformity, insensitivity to unknown risks, and lack of flexibility...

... of the welfare state and Keynesianism, but that also came with long-term political and economic costs that continue to this day. By drawing attention to FILP, this study resolves key debates in Japanese politics and also makes a larger point about public finance, demonstrating that governments can finance...

.... First, it examines how the government envisaged tapping FILP to make its political strategy consistent with its goal of limiting budget spending. Second, it analyzes how the Ministry of Finance (MOF) used FILP during the annual process of budget negotiations to limit budget outlays and to keep...

... of economic experts in Ireland’s finance bureaucracy not only meant that efficiency–oriented ideas about taxation lacked carriers but also that administrators lacked the analytical skills to resist the increasingly reckless tax policies pursued by politicians. finance ministries generalists International...

... a powerful position in the bureaucracy during the Keynesian era. Paradoxically, the close links established between the finance ministry and the economics discipline in this period made the bureaucracy highly receptive to the later shift toward neoclassical economics. New economic ideas were brought...

...This chapter develops a historical account of the emergence of an international architecture of austerity in the late Bretton Woods era. These developments were critical for redistributing international monetary power toward central banks and finance ministries. North American and Western European...

...Chapter Six discusses the complementary changes in finance needed to drive through these changes in the energy and materials markets. Apart from the toxic effects of many financial derivatives, introduced without regulation and wreaking destruction, the banking and finance sector has also developed...

... in past economic regimes. Many of the book's chapters expose false assumptions of traditional finance and management theories and practices, opening up alternative visions of how the postcrisis recovery might unfold. This chapter closes with an account of how the editors are personally navigating the post...

...The author describes one of the breakthrough concepts of modern finance: the use of the no arbitrage principle in complete markets as the basis for the powerful mathematics of “risk neutral” or “equivalent martingale” pricing. This neoclassical finance model relies on two intertwined assumptions...

...The author argues that start-up firms, distressed firms, and near-bankrupt firms are the exception, not the rule, in the modern economy. This raises the question of whether such firms, which are commonly small and financed largely by the entrepreneurs involved, have value. The chapter also...

... interest in the AMF proposal. The chapter explains that officials of the Japanese Ministry of Finance (MOF) have internalized the binarization of Japan and the United States as two leaders of different models of economic development since the mid-1980s, and that the MOF has institutionally nurtured...

..., and personality from two extensive bodies of correspondence—with Jos Yves Limantour, finance minister from 1893 to 1911; and William F. Buckley, Sr., American lawyer and petroleum entrepreneur. It also analyzes Rabasa's political, juridical, and social ideas, arguing that they demonstrate continuity and even...