© 2013


The Economics of Finance Capital Domination


Table of contents

  1. Front Matter
    Pages i-x
  2. Overview: Financialization as Financial Neoliberalism

  3. The Macroeconomics of Financialization

    1. Front Matter
      Pages 15-15
    2. Thomas I. Palley
      Pages 82-102
  4. Financialization and Instability

    1. Front Matter
      Pages 103-103
    2. Thomas I. Palley
      Pages 105-111
    3. Thomas I. Palley
      Pages 112-125
  5. Financialization and Growth

    1. Front Matter
      Pages 143-143
    2. Thomas I. Palley
      Pages 145-161
  6. Financialization and Policy

  7. Back Matter
    Pages 214-234

About this book


The term financialization is a term that has become popular to describe developments within the global economy, and particularly within developed industrialized economies, over the past thirty years. The book is divided into four sections, which together give a comprehensive treatment of the economics and political economy of financialization.


Deflation economic growth economic theory finance growth Inflation macroeconomics monetary policy political economy monetary policy policy political economy

Authors and affiliations


About the authors

THOMAS PALLEY is an economist living in Washington DC, USA. He is currently Senior Economic Policy Adviser to the AFL-CIO in Washington DC. He was formerly chief economist with the US - China Economic and Security Review Commission. Prior to joining the Commission he served as director of the Open Society Institute's Globalization Reform Project and as assistant director of Public Policy at the AFL-CIO. He is the author of Plenty of Nothing: The Downsizing of the American Dream and the Case for Structural Keynesianism, Princeton University Press (1998); Post Keynesian Economics: Debt, Distribution and the Macro Economy, Macmillan/St.Martins Press (1996); From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics, Cambridge University Press (2012); and The Economic Crisis: Notes From the Underground, CreateSpace (2012). He has published in numerous academic journals, and written for The Atlantic Monthly, American Prospect and Nation magazines. His numerous op-eds are posted on his website Dr. Palley holds a B.A. degree from Oxford University, UK and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University.

Bibliographic information

Industry Sectors
Finance, Business & Banking