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- 000 03562cam a2200565 i 4500
- 008 190424s2020 nyua b 001 0 eng
- 020 __ |a 9780190638313 |q hardback
- 020 __ |a 0190638311 |q hardback
- 020 __ |z 9780190638344 (online)
- 020 __ |z 9780190638320 (updf)
- 020 __ |z 9780190638337 (epub)
- 035 __ |a (OCoLC)1099539144 |z (OCoLC)1135980304 |z (OCoLC)1201885207 |z (OCoLC)1201908219
- 040 __ |a DLC |b eng |e rda |c DLC |d OCLCO |d OCLCF |d YDX |d MNN |d NOC |d BDX |d YUS |d GYG |d CHVBK |d OCLCO
- 050 00 |a HG181 |b .L58 2020
- 082 00 |a 339.10973 |2 23
- 099 __ |a CAL 022020274203
- 100 1_ |a Lin, Ken-Hou, |e author. |4 aut
- 245 10 |a Divested : |b inequality in the age of finance / |c Ken-hou Lin, Megan Tobias Neely.
- 264 _1 |a New York, NY, United States of America : |b Oxford University Press, |c [2020]
- 300 __ |a 232 pages : |b illustrations ; |c 25 cm
- 336 __ |a text |b txt |2 rdacontent
- 337 __ |a unmediated |b n |2 rdamedia
- 338 __ |a volume |b nc |2 rdacarrier
- 504 __ |a Includes bibliographical references and index.
- 505 00 |t Introduction -- |t The great reversal -- |t The social question -- |t Finance ascends -- |t The financial turn of corporate America -- |t American life in debt -- |t A people's portfolio of the United States -- |t The aftermath -- |t Conclusion.
- 520 __ |a In Divested, Ken-Hou Lin and Megan Tobias Neely demonstrate why widening inequality cannot be understood without examining the rise of big finance. The growth of the financial sector has dramatically transformed the American economy by redistributing resources from workers and families into the hands of owners, executives, and financial professionals. The average American is now divested from a world driven by the maximization of financial profit.Lin and Neely provide systematic evidence to document how the ascendance of finance on Wall Street, Main Street, and among households is a fundamental cause of economic inequality. They argue that finance has reshaped the economy in three important ways. First, the financial sector extracts resources from the economy at large without providing economic benefits to those outside the financial services industry. Second, firms in other economic sectors have become increasingly involved in lending and investing, which weakens the demand for labor and the bargaining power of workers. And third, the escalating consumption of financial products by households shifts risks and uncertainties once shouldered by unions, corporations, and governments onto families. A clear, comprehensive, and convincing account of the forces driving economic inequality in America, Divested warns us that the most damaging consequence of the expanding financial system is not simply recurrent financial crises but a widening social divide between the have and have-nots. -- |c Adapted from publisher website.
- 650 _0 |a Finance |z United States.
- 650 _0 |a Wealth |z United States.
- 650 _0 |a Equality |z United States.
- 650 _7 |a Equality. |2 fast
- 650 _7 |a Finance. |2 fast
- 650 _7 |a Wealth. |2 fast
- 650 _7 |a Kreditwesen |2 gnd
- 650 _7 |a Wohlstand |2 gnd
- 650 _7 |a Verteilungsgerechtigkeit |2 gnd
- 650 _7 |a Soziale Ungleichheit |2 gnd
- 651 _7 |a United States. |2 fast
- 700 1_ |a Neely, Megan Tobias, |e author. |4 aut