Reforming Money to Fix Financialization?

Authored by: Beat Weber

The Routledge International Handbook of Financialization

Print publication date:  February  2020
Online publication date:  February  2020

Print ISBN: 9781138308213
eBook ISBN: 9781315142876
Adobe ISBN:

10.4324/9781315142876-41

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Abstract

While the growing role of the financial sector in economic activity has been a long-run object of study in specialized academic analyses of “financialization” (van der Zwan 2014), the Global Financial Crisis has drawn wider attention to the phenomenon and problems associated with it (Greenwood and Scharfstein 2013). Unfortunately, misleading calls for monetary reform have sidelined most other ideas for fundamental economic change in the post-crisis debate.

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