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Financialization: What It Is and Why It Matters

In: Financialization

Author

Listed:
  • Thomas I. Palley

    (AFL-CIO)

Abstract

This chapter explores the core construct of financialization. The chapter focuses on the US economy, which is where financialization seems to be most developed. However, judging by the increase in rentier income shares, financialization appearsto have infected all industrialized economies (Power et al., 2003; Jayadev and Epstein, 2007).

Suggested Citation

  • Thomas I. Palley, 2013. "Financialization: What It Is and Why It Matters," Palgrave Macmillan Books, in: Financialization, chapter 2, pages 17-40, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-26582-1_2
    DOI: 10.1057/9781137265821_2
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    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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