Abstract
This chapter explores the core construct of financialization. The chapter focuses on the US economy, which is where financialization seems to be most developed. However, judging by the increase in rentier income shares, financialization appearsto have infected all industrialized economies (Power et al., 2003; Jayadev and Epstein, 2007).
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© 2013 Thomas I. Palley
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Palley, T.I. (2013). Financialization: What It Is and Why It Matters. In: Financialization. Palgrave Macmillan, London. https://doi.org/10.1057/9781137265821_2
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DOI: https://doi.org/10.1057/9781137265821_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-46829-1
Online ISBN: 978-1-137-26582-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)