Financialization Hypothesis: A Theoretical and Empirical Critique
نویسندگان
چکیده
The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers commanding heights of capitalist economy. It maintains finance gained independence from productive-capital and began to dominate it. FH bases this argument on several empirical claims concerning size strategic role entities. This article offers critique crucial analytical FH. overrates importance novel instruments, misunderstands their function and, thus, fails situate in system. Especially, it erroneously divorces superimposes productive-capital. Moreover, do not stand up scrutiny.
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ژورنال
عنوان ژورنال: World Review of Political Economy
سال: 2023
ISSN: ['2042-8928', '2042-891X']
DOI: https://doi.org/10.13169/worlrevipoliecon.14.2.0204