New Deal Banking Reforms and Keynesian Welfare State Capitalism

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A01=Ellen Russell
Accessing Investment Capital
act
Alternative Economic Agendas
Author_Ellen Russell
Banking Regulatory Framework
capitalist
Capitalist Firms
Category=GTM
Category=JKSB
Category=KCA
Category=KCP
Category=KCZ
Category=NHK
commercial
Commercial Banking System
Commercial Banks
Deal Banking Reforms
Deposit Insurance
economic policy analysis
eq_bestseller
eq_business-finance-law
eq_history
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
evolution of banking regulation
Federal Reserve
Federal Reserve Member Banks
Federal Reserve System
financial
Financial Capitalist Activities
Financial Capitalist Firms
Financial Compartmentalization
financial conglomerates
Financial Holding Companies
financial regulation history
Financial Regulatory Framework
firms
framework
Free Banking
glasssteagall
Interest Rate Controls
intermediaries
Investment Capital
Keynesian Welfare State Capitalism
postwar US finance
Productive Capitalist Firms
regulatory
regulatory arbitrage
Securities Affiliates
Securities Issued
Servant Contradiction
system
welfare economics
Welfare State Capitalism

Product details

  • ISBN 9780415541817
  • Weight: 290g
  • Dimensions: 152 x 229mm
  • Publication Date: 23 Feb 2012
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Russell provides a groundbreaking critique of the orthodox position on the nature of New Deal reforms as well as an innovative analysis of the unraveling of those reforms. Russell argues that the success of the New Deal banking reforms in the post-war period initially produced a "pax financus" in which the competitive struggles amongst financial capital were moderated. However, the success of these reforms also produced incentives to undermine the New Deal regulatory framework via a regeneration of competitive struggles among financial capitalists. As these struggles intensified, financial innovations designed to circumvent regulatory restrictions changed the conduct of commercial banking and other financial capitalist activity. As these developments progressed, there has been a resurgence in the diversified financial conglomerates (financial holding companies) reminiscent of those that flourished just prior to the Great Depression. This exceptional work will appeal to historians, economists, and those interested in this vital period of American history.

Russell provides a groundbreaking critique of the orthodox position on the nature of New Deal reforms as well as an innovative analysis of the unraveling of those reforms. Russell argues that the success of the New Deal banking reforms in the post-war period initially produced a pax financus in which the competitive struggles amongst financial capital were moderated. However, the success of these reforms also produced incentives to undermine the New Deal regulatory framework via a regeneration of competitive struggles among financial capitalists. As these struggles intensified, financial innovations designed to circumvent regulatory restrictions changed the conduct of commercial banking and other financial capitalist activity. As these developments progressed, there has been a resurgence in the diversified financial conglomerates (financial holding companies) reminiscent of those that flourished just prior to the Great Depression. This exceptional work will appeal to historians, economists, and those interested in this vital period of American history.

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