Financialization and Macroeconomics

Table of contents

1. Cover
2. Half Title
3. Series Page
4. Title Page
5. Copyright Page
6. Dedication
7. Contents
8. List of illustrations
9. Introduction
10. 1 Post-Keynesian approaches
    1. The rise of finance in neoliberal era
    2. Financial investment vs real investment
    3. The shareholder revolution
    4. The role of mutual and pension funds
    5. The false myth of managerial capitalism
    6. Who managers really are and how they run corporations
    7. NFCs as main actors of their own financialisation
11. 2 The French Regulation School and the Social Structures of Accumulation Approach
    1. Accumulation regimes and stages of capitalism development
    2. Modes of regulation and social structures of accumulation
    3. Finance-dominated capitalism
    4. Does a new accumulation regime really exist?
12. 3 Classical Marxist approaches
    1. Finance capital
    2. Bukharin’s and Lenin’s “Imperialism”
    3. Monopoly capital according to the American neo-Marxists
    4. Financial oligarchies and rentiers
    5. Monopoly capital, corporate control and the evolution of large industrial holding companies
13. 4 Interest-bearing capital vs industrial capital
    1. Money capital and productive capital
    2. The role of credit in capitalist production
    3. Fictitious capital and the promoter’s profit
    4. Shadow banking and capitalist production
14. 5 Financial rentiers and the revenant conflict between rent and profit
    1. The conflict between rent and profit in classical political economy
    2. Financial rent and accumulation of capital
    3. Financial rent and economic stagnation
15. 6 Corporate saving glut and liquidity holding
    1. Hoarding and economic crises
    2. Liquidity holding and corporate saving
    3. Some views on corporate savings and liquidity holding around the Great Depression
    4. Some American views on corporate savings and cash holding in the 1940s
    5. Corporate savings during the Golden Age
    6. NFC savings around the financial crisis of 2007–2008
    7. The rise of NFC liquidity holdings
16. 7 Financialisation of NFCs, globalisation and growth
    1. Investment choices and investment theories
    2. Financial investment and the term structure of interest rates
    3. The contribution of free movement of capital
    4. An interpretation model
17. 8 Conclusion
18. Index