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. Capitalizing on Crisis: The Political Origins of the Rise of Finance, by. Greta R. Krippner. Cambridge, Mass.: Harvard University Press, Hardcover, pp. PDF | On Jan 1, , Frank Dobbin and others published Review of Greta Krippner, Capitalizing on Crisis: The Political Origins of the Rise of Finance.

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Capitalizing on Crisis — Greta R. Krippner | Harvard University Press

So the abolition of Regulation Q was a big first step toward the financialization of the US economy. Published February 15th by Harvard University Press. She explains brilliantly how and why government officials encouraged financialization as a way to solve the most vexing problems of our political economy.

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.

In the end, Krippner asks, can this process of depoliticization work? Review With Capitalizing on Crisiswe finally have a persuasive account of the roots of the financial disaster.

The book is also reasonably priced at about 15 dollars on Kindle. The Political Origins of the Rise of Finance. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.

Amazon Drive Cloud storage from Amazon. Her point is that “financialization was not a deliberate outcome sought by policymakers but rather an inadvertent result of the state’s attempt to solve other problems.


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Her close reading of US financial history is a refreshing jolt from orthodox texts that belabor the role of speculative euphoria, irrational exuberance, and banker folly. Krippner’s basic thesis is that successive policy decisions over the course of this period, each in response to immediate challenges, have ‘financialised’ the US economy.

Citing articles via Web of Science 3. There are many books about the reentry broadly into American life of a more acute risk-and-reward financialization, starting loosely in the s.

A lot of quotations. Demand for fiscal services kept growing, for which government used the international community to finance the deficits. First, it involves a real abnegation of control which may lead to notably poorer outcomes. Start reading Capitalizing on Crisis on your Kindle in under a minute. Marion Fourcade, University of California, Berkeley Amidst the tsunami of books coming out in the wake of the recent financial crisis, Krippner’s work stands out for its unusual approach.

Capitalizing on Crisis: The Political Origins of the Rise of Finance

The End of Empire and the Birth of Neoliberalism. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.

It is obvious that Krippner read through the minutes of every Federal Reserve Board meeting over xapitalizing last few decades. Receive exclusive offers and updates from Oxford Academic.

Stefani rated it really liked it Mar 14, Amazon Renewed Refurbished products with a warranty. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state’s attempts to solve other problems.


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The Triumph of the Corporate Rich by G. Anna rated it liked it Nov 28, To contain inflation, the evolution of Federal Reserve policies rkippner shown to have found transparency in their policies to help the stem inflationary expectations. Reagan was able to borrow via the Treasury market caiptalizing nobody had dreamt of dapitalizing, leading to deficits that were unheard of in peacetime before his presidency 2.

The declining profit possible in productive industry leads to speculation in what Marx called ‘fictitious capital’. Be the first to ask a question about Capitalizing on Crisis. Just completed the criais — the conclusion is outstanding — I would recommend buying the book for that chapter alone — very thoughtful and creative analysis that I have not read before. See all 11 reviews. Please try again later. The legitimation crisis was either a reflection of a fundamental crisis within capitalism according to Marxistsor a crisis of democracy for liberalsor a crisis of values for conservatives.

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ln Close mobile search navigation Article navigation. Even major industrial companies come to make significant portions of their profit from activity in the financial market. Write a customer review. Srijan Sen rated it it was amazing Apr 07, I added some further thoughts on Financialisation here: