The Evolution of Finance Capitalism

The Evolution of Finance Capitalism PDF Author: George W. Edwards
Publisher:
ISBN: 9781614277392
Category : Business & Economics
Languages : en
Pages : 448

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Book Description
2014 Reprint of Original 1938 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Edwards provides a detailed, interesting and well documented account of the development of a security capitalism whose outstanding characteristics are considered to the separation of the owner of securities from the management of enterprise and the impersonalization of the "savings-investor" and the "savings-receiver." Beginning with a rising tide of investment in government securities, the pattern of development proceeds through the financing of the early public and private transportation companies, of the basic industries, including the railways; of foreign expansion; of preparation for war, and war; and finally, of a pervasion holding company structure. Everywhere its rise and development has been followed by crisis. For Edwards the main difficulty seems to be that those who garnered the economic power over financial manipulation tended almost universally toward "irresponsibility" in the matter of keeping a reasonable relationship between capitalization and real investment, resulting in excessive instability in the economic system.

The Rise of Financial Capitalism

The Rise of Financial Capitalism PDF Author: Larry Neal
Publisher: Cambridge University Press
ISBN: 9780521457385
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Based on computer analysis of price quotes from the eighteenth-century financial press, this work reevaluates the evolution of financial markets.

The Evolution of Finance Capitalism

The Evolution of Finance Capitalism PDF Author: George W. Edwards
Publisher:
ISBN: 9781614277392
Category : Business & Economics
Languages : en
Pages : 448

Get Book Here

Book Description
2014 Reprint of Original 1938 Edition. Exact facsimile of the original edition, not reproduced with Optical Recognition Software. Edwards provides a detailed, interesting and well documented account of the development of a security capitalism whose outstanding characteristics are considered to the separation of the owner of securities from the management of enterprise and the impersonalization of the "savings-investor" and the "savings-receiver." Beginning with a rising tide of investment in government securities, the pattern of development proceeds through the financing of the early public and private transportation companies, of the basic industries, including the railways; of foreign expansion; of preparation for war, and war; and finally, of a pervasion holding company structure. Everywhere its rise and development has been followed by crisis. For Edwards the main difficulty seems to be that those who garnered the economic power over financial manipulation tended almost universally toward "irresponsibility" in the matter of keeping a reasonable relationship between capitalization and real investment, resulting in excessive instability in the economic system.

The Evolution of Finance Capitalism

The Evolution of Finance Capitalism PDF Author: George William Edwards
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 460

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Book Description
Typescript, with ms. corrections and printer's marks, of the published book.

Finance Capital

Finance Capital PDF Author: Rudolph Hiferding
Publisher: Routledge
ISBN: 1136784845
Category : Business & Economics
Languages : en
Pages : 438

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Book Description
This is the first English translation of one of the classical works of Marxist economic theory. When Rudolf Hilferding’s Finance Capital was first published in 1919 it was acclaimed by reviewers as a continuation of Marx’s Capital, and it has a major influence upon subsequent Marxist thought, especially in the analysis of imperialism where it provided some of the fundamental ideas for the theories of Bukharin and Lenin. But Hilferding’s work was much more than a study of imperialism, which was presented only in the last section of the book. It set out to examine the main tendencies in the development of the capitalist mode of production as a whole at the beginning of the twentieth century, beginning with an exposition of the theory of money (in which particular attention was paid to the growth of credit money), then analysing the increasingly important role of the banks in the mobilization of capital, along with the development of large corporations, cartels and trusts, and finally outlining a theory of economic crises. Hilferding’s book has, however, more than an historical interest. It is a model for any renewed attempt to understand the ‘latest phase of capitalist development’ in the closing decades of the twentieth century, and Hilferdin’s ideas still provide essential elements for the elaboration of theoretically enlightened and realistic policies in the socialist movement.

Reading the Market

Reading the Market PDF Author: Peter Knight
Publisher: JHU Press
ISBN: 1421420600
Category : Business & Economics
Languages : en
Pages : 330

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Book Description
Introduction -- Market reports -- Reading the ticker tape -- Picturing the market -- Confidence games and inside information -- Conspiracy and the invisible hand of the market -- Epilogue

Capitalizing on Crisis

Capitalizing on Crisis PDF Author: Greta R. Krippner
Publisher: Harvard University Press
ISBN: 0674735315
Category : Social Science
Languages : en
Pages : 241

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Book Description
In the context of the recent financial crisis, the extent to which the U.S. economy has become dependent on financial activities has been made abundantly clear. In Capitalizing on Crisis, Greta Krippner traces the longer-term historical evolution that made the rise of finance possible, arguing that this development rested on a broader transformation of the U.S. economy than is suggested by the current preoccupation with financial speculation. Krippner argues that state policies that created conditions conducive to financialization allowed the state to avoid a series of economic, social, and political dilemmas that confronted policymakers as postwar prosperity stalled beginning in the late 1960s and 1970s. In this regard, the financialization of the economy was not a deliberate outcome sought by policymakers, but rather an inadvertent result of the state’s attempts to solve other problems. The book focuses on deregulation of financial markets during the 1970s and 1980s, encouragement of foreign capital into the U.S. economy in the context of large fiscal imbalances in the early 1980s, and changes in monetary policy following the shift to high interest rates in 1979. Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.S. society over the last several decades.

The Evolution of Finance Capitalism, by George W. Edwards

The Evolution of Finance Capitalism, by George W. Edwards PDF Author: George William Edwards
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 429

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Book Description


Modern Capitalism

Modern Capitalism PDF Author: Henri Sée
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 298

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Book Description


The Rise of Financial Capitalism

The Rise of Financial Capitalism PDF Author: Larry Neal
Publisher: Cambridge University Press
ISBN: 9780521457385
Category : Business & Economics
Languages : en
Pages : 2

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Book Description
Based on computer analysis of price quotes from the eighteenth-century financial press, this work reevaluates the evolution of financial markets.

Finance Masters: A Brief History Of International Financial Centers In The Last Millennium

Finance Masters: A Brief History Of International Financial Centers In The Last Millennium PDF Author: Olivier Coispeau
Publisher: World Scientific
ISBN: 9813108843
Category : Business & Economics
Languages : en
Pages : 368

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Book Description
One thousand years ago, a handful of dynamic medieval city states developed trade at the frontier of capitalism. Their unique commercial ambition led to the emergence of finance capitals of international significance: Finance Masters. From the 11th century onward, international financial hubs, led by astute and bold merchant bankers and visionary leaders, inspired the numerous innovations that triggered economic revolutions in the last millennium and laid the ground for modern finance. This book explores not only classic financial centers, but also offshore financial centers and gambling centers to connect them to contemporary finance, and it also delves into the unique function of leading financial hubs to execute financial transactions over a wide geographical domain and transform the world economy.The 2008-2009 Great Recession showed that working on fundamental issues such as market structure, pricing mechanism, and games was indeed necessary but probably still insufficient to create the antibodies needed to mitigate systemic risk and prevent the irrational exuberance capable of triggering devastating economic crash. In the continuation of the Theory of Moral Sentiments written by Adam Smith in 1759, seventeen years before his Wealth of Nations, it seems a deeper historical understanding of the key success factors which quietly assembled in the backyard of our market economy can be a useful lifeline. This book aims to explain the widening gulf that emerged over time between economics, regulatory and ethical considerations necessary to a smoother functioning of markets.Finance Masters is also a book about the extraordinary men who led the evolution of modern finance with the innovations that changed the course of economic history. This book tries to capture the salient factors behind the geography of finance hubs from the early fairs in medieval England and Venice to Wall Street in contemporary New York. The development and the legacy of those 'Finance Masters' deserve more attention to reflect upon the evolution of incumbent players and better understand their possible future. This book a must read for economics and finance students and young finance professionals, who seek a broader and better understanding of the origins of modern economics.