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Cited by 2,533

The DOI matches its Crossref record.

The financialization of the American economy

Open access
Krippner, G. R.·2005·Socio-Economic Review
DOI 10.1093/ser/mwi008
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Abstract

This paper presents systematic empirical evidence for the financialization of the US economy in the post-1970s period. While numerous researchers have noted the increasing salience of finance, there have been few systematic attempts to consider what this shift means for the nature of the economy, considered broadly. In large part, this omission reflects the considerable methodological difficulties associated with using national economic data to assess the rise of finance as a macro-level phenomenon shaping patterns of accumulation in the US economy. The paper develops two discrete measures of financialization and applies these measures to postwar US economic data in order to determine if, and to what extent, the US economy is becoming financialized. The paper concludes by considering some of the implications of financialization for two areas of ongoing debate in the social sciences: (1) the question of who controls the modern corporation; and (2) the controversy surrounding the extent to which globalization has eroded the autonomy of the state.

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Metadata

Authors
Krippner, G. R.
Venue
Socio-Economic Review
Publisher
Oxford University Press (OUP)
Published
2005-05-01
Volume
3
Issue
2
Pages
173-208
ISSN
  • 1475-1461 (ISSN-L)
  • 1475-147X
DOI
10.1093/ser/mwi008
OpenAlex
W2164196847
Cited by
2,533
References
0
FWCI
34.65
Type
journal article
Language
en
Open access
green

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.