{"product_id":"the-fall-and-rise-of-american-finance-isbn-9781839765261","title":"The Fall and Rise of American Finance","description":"\u003cb\u003eHow Wall Street concocted a more volatile and dangerous capitalism\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003ci\u003eThe Fall and Rise of American Finance\u003c\/i\u003e traces the collapse and reconstitution of American financial power from the disintegration of robber baron J. P. Morgan’s vast empire to the rise of finance behemoth BlackRock. Contrary to what is taken for common sense by figures from Hillary Clinton to Bernie Sanders, Maher and Aquanno insist that financialization did not imply the hollowing out of the “real” economy or the retreat of the state. Rather, it served to intensify competitive discipline to maximize efficiency, profits, and the exploitation of labor—with the support of an increasingly authoritarian state.\u003ci\u003ePreface\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003e1: The Latest Phase of American Capitalist Development\u003c\/b\u003e\u003cbr\u003eThe Fall and Rise of American Finance\u003cbr\u003eA New Picture of Financialization\u003cbr\u003eRethinking Finance and the Corporation\u003cbr\u003e\u003cbr\u003e\u003cb\u003e2: Classical Finance Capital and the Modern State\u003c\/b\u003e\u003cbr\u003eFinancial Capital and Industrial Capital\u003cbr\u003eFrom Bank Capital to Finance Capital\u003cbr\u003eFinance Capital and Competition\u003cbr\u003eState Power, Class Power, and Crisis\u003cbr\u003e\u003cbr\u003e\u003cb\u003e3: Managerialism and the New Deal State\u003c\/b\u003e\u003cbr\u003eRemaking Capitalist Finance\u003cbr\u003eThe New Industrial Order\u003cbr\u003eClass Struggle and the Crisis of Managerialism\u003cbr\u003e\u003cbr\u003e\u003cb\u003e4: Neoliberalism and Financial Hegemony\u003c\/b\u003e\u003cbr\u003eThe Financialization of the Non-Financial Corporation\u003cbr\u003eAsset-Based Accumulation and Market-Based Finance\u003cbr\u003eFinancialization and Authoritarian Statism\u003cbr\u003eThe 2008 Crisis and the Question of Decline\u003cbr\u003e\u003cbr\u003e\u003cb\u003e5: The New Finance Capital and the Risk State\u003c\/b\u003e\u003cbr\u003eCrisis Management and the Risk State\u003cbr\u003eThe Rise of the Big Three\u003cbr\u003eThe New Finance Capital\u003cbr\u003ePrivate Equity, Hedge Funds, and Finance Capital\u003cbr\u003e\u003cbr\u003e\u003cb\u003e6: Crises, Contradictions, and Possibilities\u003c\/b\u003e\u003cbr\u003eThe Statization of Market-Based Finance\u003cbr\u003eThe Macroeconomic Policy of Finance Capital\u003cbr\u003eThe False Promise of Universal Ownership\u003cbr\u003eDemocratizing Finance\u003cbr\u003e\u003cbr\u003e\u003ci\u003eNotes\u003c\/i\u003e\u003cbr\u003e\u003ci\u003eIndex\u003c\/i\u003e\"Worthy heirs to their teacher, the great Leo Panitch, Maher and Aquanno sketch an alternative history of the last century that every critical scholar of finance must now engage and contend with.\"\u003cbr\u003e\u003cb\u003e—Quinn Slobodian, author of \u003ci\u003eCrack-Up Capitalism\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\"A groundbreaking historical work with vital implications for theory and politics. The Fall and Rise of American Finance changes our vision of the present—and the future.\"\u003cbr\u003e\u003cb\u003e—Clara E. Mattei, author of \u003ci\u003eThe Capital Order \u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\"Critical political economists tend to separate finance and ‘the real economy,’ seeing the former as parasitic on the latter. But what if finance has always been there and has always been the mechanism that disciplined capitalism as a whole? Maher and Aquanno explore this alternative reading of financialization. It is a compelling and convincing account.\"\u003cbr\u003e\u003cb\u003e—Mark Blyth, Professor of International Economics at Brown University\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\"The Fall and Rise of American Finance: From J. P. Morgan to BlackRock should be required reading for climate justice militants, even if it does not at first appear related to environmental concerns.\"\u003cbr\u003e\u003cb\u003e—Ashley Dawson, \u003ci\u003eLos Angeles Review of Books\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003eStephen Maher\u003c\/b\u003e is Associate Editor of the \u003ci\u003eSocialist Register\u003c\/i\u003e and author of \u003ci\u003eCorporate Capitalism and the Integral State: General Electric and a Century of American Power\u003c\/i\u003e (Palgrave, 2022). He is currently a Post-Doctoral Fellow at Ontario Tech University in Oshawa, Canada.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eScott M. Aquanno\u003c\/b\u003e is Assistant Professor of Political Science at Ontario Tech University, and a Visiting Associate at the Global Labour Research Centre at York University.  He is the author of \u003ci\u003eCrisis of Risk: Subprime Debt and US Financial Power from 1944 to Present \u003c\/i\u003e(Edward Elgar, 2021).","brand":"Verso","offers":[{"title":"Default Title","offer_id":46302688542949,"sku":"NP9781839765261","price":24.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781839765261.jpg?v=1767739277","url":"https:\/\/k12savings.com\/es\/products\/the-fall-and-rise-of-american-finance-isbn-9781839765261","provider":"K12savings","version":"1.0","type":"link"}