Financial Crisis and Economic Stability: A Comparison between Finance Capitalism and Money Manager Capitalism
Capitalism evolves through stages that differ in institutional structure and policy regime. Finance is crucial to understanding an economic system but other institutional factors are important too. This paper compares finance capitalism with money manager capitalism on the basis of a number of features. Despite the fact that these two stages represent unique periods of evolution, the paper shows that these two stages of capitalism are much alike. This suggests that the current period's financial instability should be expected, and that public policy measures meant to address financial crisis may have to resemble those of the midtwentieth century Keynesian period.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:44:y:2010:i:3:p:779-793. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ian Winship)or (Chris Nguyen) The email address of this maintainer does not seem to be valid anymore. Please ask Chris Nguyen to update the entry or send us the correct address
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.