Financialization As Welfare
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Financialization As Welfare
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Author : Philipp Golka
language : en
Publisher: Springer
Release Date : 2019-01-08
Financialization As Welfare written by Philipp Golka and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-08 with Social Science categories.
Providing an in-depth case study on the emergence of social impact investing in the UK, this book develops a new perspective on financialization processes that highlights the roles of non-financial actors. In contrast to the common view that impact investing gears finance toward the solution of social problems, the author analyzes how these investments create new problems and inequalities. To explain how social impact investing became popular in British social policy despite its unclear effectiveness, the author focuses on cooperative relations between institutional entrepreneurs from finance and various non-financial actors. Drawing on field theory, he shows how seemingly unrelated social transformations – such as HM Treasury's expanding role in public service reform – may act as resonance spaces for the spread of finance. Opening up a new perspective on financialization processes in the terrain of public policy, this book invites readers to refocus scholarship on capitalist dynamics to the meso-level. Based on this analysis, the author also proposes ways to transform social impact investing to increase its potential for reducing global inequalities.
Financialization And Macroeconomics
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Author : Giovanni Scarano
language : en
Publisher: Taylor & Francis
Release Date : 2022-12-30
Financialization And Macroeconomics written by Giovanni Scarano and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-30 with Business & Economics categories.
Financialisation has become a widely discussed and debated term leading to a plurality of perspectives, but no fixed definition or single reading. This book presents a critical exploration and review of the current literature on financialisation, focusing on the financialisation of NFCs and its possible implications for the macroeconomic and financial stability of advanced countries. Starting from this critical analysis, it proposes some new readings of the process of financialisation, linking it directly, on the one hand, to the evolution of interest-bearing capital and the credit system, and, on the other hand, to the historical tendencies of monopoly capital towards financial arrangements to manage corporate control. Finally, a conceptual scheme for interpretation and a mathematical model of corporate portfolio choice is developed to explain how the tendency in developed countries to place growing shares of social surplus in speculative financial channels can contribute to their long-term real stagnation. The book also underlines the excessive attention usually being paid to some micro-epiphenomena that show a fallacy of composition at the macroeconomic level and can lead to some misunderstandings of the general trends in capitalist evolution. Moreover, some doubts are raised about the extent to which financialisation actually represents a change to the present regime of accumulation. The book targets all the scholars who are interested in better understanding whether financialisation constitutes a profound change in the functioning of capitalist economic systems and what effects it can produce in social welfare in the advanced countries.
Understanding The Finance Of Welfare
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Author : Howard Glennerster
language : en
Publisher: Policy Press
Release Date : 2009
Understanding The Finance Of Welfare written by Howard Glennerster and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Political Science categories.
The second edition of this textbook assesses the ways in which health care, personal social services, education, housing, pensions and social security are funded in the UK. In each case the UK is compared with other countries. The book considers how services are rationed and asks what future there is for the funding of Western welfare states.
The Takeover Of Social Policy By Financialization
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Author : Lena Lavinas
language : en
Publisher: Springer
Release Date : 2017-03-25
The Takeover Of Social Policy By Financialization written by Lena Lavinas and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-25 with Business & Economics categories.
This book critically addresses the model of social inclusion that prevailed in Brazil under the rule of the Workers Party from the early 2000s until 2015. It examines how the emergence of a mass consumer society proved insufficient, not only to overcome underdevelopment, but also to consolidate the comprehensive social protection system inherited from Brazil’s 1988 Constitution. By juxtaposing different theoretical frameworks, this book scrutinizes how the current finance-dominated capitalism has reshaped the role of social policy, away from rights-based decommodified benefits and towards further commodification. This constitutes the Brazilian paradox: how a center-left government has promoted and boosted financialization through a market incorporation strategy using credit as a lever for expanding financial inclusion. In so doing, it has pushed the subjection of social policy further into the logic of financial markets.
Coercion And Social Welfare In Public Finance
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Author : Jorge Martinez-Vazquez
language : en
Publisher:
Release Date : 2014-06-05
Coercion And Social Welfare In Public Finance written by Jorge Martinez-Vazquez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-06-05 with Finance, Public categories.
This book explores the role that coercion plays in the establishment and evolution of the public economy.
The Welfare State Public Investment And Growth
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Author : Hirofumi Shibata
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Welfare State Public Investment And Growth written by Hirofumi Shibata and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book presents fifteen papers selected from the papers read at the 53rd Congress of the International Institute of Public Finance held at Kyoto, Japan, in August 1997. Although organized under the general title of Public Finance and Public Investment, the Congress covered a wide range of topics in Public Finance. One of the highlights of the Congress was a historic and brilliant debate between two of the greatest living authorities in the area of public finance, Professors James M. Buchanan and Richard A. Musgrave, on the nature of the welfare state and its future. Part I of this book is concerned with this debate and its empirical counterpart. James M. Buchanan (Chapter 1) warns that the welfare state will be unsustainable unless it preserves generality or at least quasi generality in welfare programs. The introduction of overt discrimination in welfare programs through means testing and targeting can only diminish public support. He argues that a political version of the "tragedy of commons" will emerge if and when identifiable interest groups recognize the prospects of particularized gains as promised by discriminatory tax or transfer payments. Faced with mounting pressure from entitlement-like claims of special interest groups against public revenues on one hand and equally strong pressure against further tax burdens on the other, political leaders are attracted to solutions that single out the most vulnerable targets. Distributional disagreement among classes will then become a major source of political discourse and an impetus for class conflict.
The Fault Lines Of Inequality
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Author : Huw Macartney
language : en
Publisher: Springer Nature
Release Date : 2022-05-03
The Fault Lines Of Inequality written by Huw Macartney and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-05-03 with Political Science categories.
This book examines how decisions made by the Conservative government during the COVID19 pandemic have increased economic inequality in the UK. Decades of austerity, asset-based welfare and financialization had already exacerbated social divisions in the UK prior to the pandemic. The political blueprint behind these measures combined Privatized Keynesianism and the Asset Economy. To explain, economists have highlighted that inequality derives from the fact that income from wealth increases at a faster rate than income from wages. The ensuing political assumption is that – in the face of pressures on public finances – promoting asset ownership is the best alternative to government-funded welfare schemes. What this meant, as the pandemic unfolded, was that when tough decisions about resource allocation needed to be made, the UK Treasury and the Bank of England found almost unlimited funds to rescue and protect asset-holders and middle-income homeowners, whilst reverting to a narrative of “misfortune” for the asset-less poor. This book assesses the political decisions taken by UK policymakers during 2020-21 and their consequences. In doing so, it challenges policymakers and the informed public to re-consider the morality of inequality, and to make alternative decisions to promote a more ecologically sustainable, caring, equal and prosperous society.
Public Finance And Welfare
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Author : Charles Ward Macy
language : en
Publisher:
Release Date : 1966
Public Finance And Welfare written by Charles Ward Macy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1966 with Political Science categories.
International Finance In Emerging Markets
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Author : Songporn Hansanti
language : en
Publisher: Springer Science & Business Media
Release Date : 2008-07-22
International Finance In Emerging Markets written by Songporn Hansanti and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07-22 with Business & Economics categories.
This book reviews the contemporary issues in international monetary and financial economics (such as financial liberalisation, crisis, exchange rate determination, capital control, domestic capital market reform, etc.) in an emerging financial market such as Thailand from a welfare economic p- spective, highlighting the social welfare implications of these issues. This 3 book also suggests a normative social approach (as formalised in the new welfare economics paradigm) (see Islam 2001a,b for a discussion of this ; concept) for analysing and addressing these issues and formulating appr- riate policies. Undertaking the above tasks, the asymmetric information paradigm 3 and other elements of the new welfare economics paradigm are adapted in analysing the international financial issues of Thailand, their causes and economic and social welfare consequences. The last two decades have been a critical period for Thailand’s dev- opment. From the mid-1980s to the beginning of the 1990s, the Thai economy performed remarkably well and was a showcase for the world economy. Having achieved a double-digit growth rate for a brief period, Thailand in the late 1980s was regarded as the fastest growing economy in the world by the World Bank and the IMF. With prospects of further rapid economic growth, the Thai government accepted Article VIII of the IMF, which required Thailand to liberalise and deregulate its financial system.
The Geography Of Public Finance
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Author : Robert John Bennett
language : en
Publisher: London ; New York : Methuen
Release Date : 1980
The Geography Of Public Finance written by Robert John Bennett and has been published by London ; New York : Methuen this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Business & Economics categories.