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The Restructuring of Capitalism in Our Time
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The Restructuring of Capitalism in Our Time

William Tabb

Abstract

Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of John Maynard Keynes and Hyman Minsky and applying them to the modern evolution of American banking and finance, this book offers a chil ... More

Keywords: financial institutions, Great Recession, national debt, growth, banking, hedge funds, private equity, derivatives, economic justice

Bibliographic Information

Print publication date: 2012 Print ISBN-13: 9780231158428
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231158428.001.0001

Authors

Affiliations are at time of print publication.

William Tabb, author