Marlène Benquet and Théo Bourgeron believe that the root cause of Brexit can be found in a transformation of capitalism, which they say has shifted from a neo-liberal system to a libertarian and authoritarian model. But does this view not overlook the role of singular actors and the vagaries of history?
The age of commerce, the age of the factory, the age of finance: for Pierre François and Claire Lemercier, the chronology of capitalism is the same all over the world.
Financialization pervades all spheres of the economy today, but it is not a uniform and monolithic phenomenon. We need to carefully distinguish the different mechanisms by which it is deployed, in order to understand how it produces social inequalities.
Shadow banking refers to bank-like financial activities that do not fall under traditional regulations; they have been one of the root causes of the recent financial crisis. M. Thiemann identifies the structural causes for their rapid growth, and shows which institutional reforms could prevent the circumvention of regulations.
By transforming capitalism, the hegemony of finance has created new sites of social struggle. How can citizens regain a form of collective agency in the speculative process? A new book by the philosopher Michel Feher imagines a politics capable of responding to the dominance of finance.
In her exploration of the world of wealth management, Brooke Harrington dives into the heart of capital globalization. As pillars in the structure of international finance, wealth managers help increase the capital of the wealthy by circumventing government regulations.
Socially responsible investment, green bonds, extra-financial rating agencies: ‘climate finance’ has developed over the last few years. Without State involvement, will these tools suffice to finance the transition toward a carbon neutral global economy?
The 2008 financial crisis revealed significant frailties within global capitalism. How did the political response shape the ensuing decade? In his book, economic historian Adam Tooze narrates the key events over this period, from financial sector bailouts to geopolitical shifts worldwide.
A specialist in monetary and financial issues, André Orléan has written a synthesis of his research that is intended as a handbook for the renewal of economic thought. His approach asks us to rethink the place of economics within the social sciences and its relationship to politics.
How does a bank work? Is information theory sufficient to the understanding of the complex interactions between clients and the different professions involved in creating financial products? Using Bruno Latour’s sociology of sciences, an innovative study takes its chances at solving some of the most difficult riddles of contemporary financial theory.
