Financialization of the Economy, Business, and Household Inequality in the United States

Introduction

DOI: 10.4324/9781003223320-1

This book is the second volume of a political-economic, historical–institutional, and balance-sheet inquiry into financialization in the United States. The preceding volume presented the theories and concepts of modern pluralist and critical political economy, the techniques of historical–institutional analysis, and the fundamentals of social sector financial portfolios and balance sheets. Conceptual stretching, mis-aggregation, double-counting, loading on the dependent variable, and private sector biases were found to flaw economic approaches to bank change and the rise of finance (Mettenheim, 2021).

The recovery of the original concepts behind US national income accounts enabled the elaboration of ...