Managed by the markets : how finance reshaped America / Gerald F. Davis.

Format:

Book

Author/Creator:

Davis, Gerald F. (Gerald Fredrick), 1961-

Language:

English

Subjects (All):

Capital market--United States--History--21st century.

Capital market.

Business cycles--United States--History--21st century.

Business cycles.

United States--Economic conditions--2001-2009.

United States.

Physical Description:

1 online resource (323 p.)

Edition:

1st ed.

Place of Publication:

Oxford ; New York : Oxford University Press, 2009.

Language Note:

English

Summary:

The turbulence of the stock market and the housing market in the early years of the 21st century have demonstrated the dangers of tying society too closely to financial markets. Managed by the Markets provides a guide to how we got here and unpacks the consequences of linking the well-being of society too closely to financial markets. - ;The current economic crisis reveals just how central finance has become to American life. Problems with obscure securities created on Wall Street radiated outward to threaten the retirement security of pensioners in Florida and Arizona, the homes and college

Contents:

Contents; 1. The New Financial Capitalism; 2. Financial Markets and Corporate Governance; 3. From Institution to Nexus: How the Corporation Got, Then Lost, its Soul; 4. From Banks to Markets: How Securitization Ended the "Wonderful Life"; 5. From Sovereign to Vendor-State: How Delaware and Liberia became the McDonald's and Nike of Corporate Law; 6. From Employee and Citizen to Investor: How Talent, Friends, and Homes became "Capital"; 7. Conclusion: A Society of Investors?; Notes; References; Index

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [285]-294) and index.

Description based on publisher supplied metadata and other sources.

ISBN:

1-282-19924-2

9786612199240

0-19-156879-1

OCLC:

434868960