| Description |
1 online resource : illustrations |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
The contemporary corporation and private property -- Historical transitions from liberalism to neoliberalism -- Transforming banks from market enablers to market participants -- Converging economic and political interests -- Creating risk, engaging in financial malfeasance, and crisis -- A "great crisis" in the FIRE sector -- The extent and causes of financial malfeasance -- Inequality in the twenty-first century -- Emancipatory social change. |
| Summary |
"In Normalized Financial Wrongdoing, Harland Prechel examines how social structural arrangements that extended corporate property rights and increased managerial control opened the door for misconduct and, ultimately, the 2008 financial crisis. Beginning his analysis with the financialization of the home-mortgage market in the 1930s, Prechel shows how pervasive these arrangements had become by the end of the century, when the bank and energy sectors developed political strategies to participate in financial markets. His account adopts a multilevel approach that considers the political and legal landscapes in which corporations are embedded to answer two questions: how did banks and financial firms transition from being providers of capital to financial market actors? Second, how did new organizational structures cause market participants to engage in high-risk activities? After careful historical analysis, Prechel examines how organizational and political-legal arrangements contribute to current record-high income and wealth inequality, and considers societal preconditions for change." |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Financialization -- United States.
|
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Financialization. |
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United States. |
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Corporations -- Government policy -- United States.
|
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Corporations -- Government policy. |
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Corporations. |
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Corporation law -- United States.
|
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Corporation law. |
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Corporations -- Corrupt practices -- United States.
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Corporations -- Corrupt practices. |
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Income distribution -- United States.
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Income distribution. |
| Other Form: |
Print version: Prechel, Harland. Normalized financial wrongdoing. Stanford, California : Stanford University Press, [2021] 9781503602380 (DLC) 2020015480 (OCoLC)1138681681 |
| ISBN |
9781503614468 electronic book |
|
1503614468 electronic book |
|
9781503602380 hardcover |
|
9781503614451 paperback |
|
