Greta Krippner submitted Capitalizing on Crisis to Harvard University Press at the end of the summer of , before the Great Recession began. I read it as a m. Capitalizing on Crisis: The Political Origins of the Rise of Finance, by. Greta R. Krippner. Cambridge, Mass.: Harvard University Press, Hardcover, pp. PDF | On Jan 1, , Frank Dobbin and others published Review of Greta Krippner, Capitalizing on Crisis: The Political Origins of the Rise of Finance.

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For Permissions, please email: It encapsulates the role of the state and the turn toward finance very well! Economic History Share This. Srijan Sen rated it it was amazing Apr 07, Greta Krippner is a historical sociologist with substantive interests in the areas of economic and political sociology.

Capitalizing on Crisis: The Political Origins of the Rise of Finance

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Kim rated it really liked it Apr 10, This, in turn, aided financialization in two distinct ways: Amazon Restaurants Food delivery from local restaurants. Now, Krippner is friendly but skeptical of traditional Marxian accounts of the crisis of the s, whether that was Arrighi claiming that the slowing of productivity growth was leading to a crisis of protiability or Sweezy arguing that increased monopolization was greya mechanism designed to redistribute income to the working classes.


Capitalizing on Crisis — Greta R. Krippner | Harvard University Press

Alexa Actionable Analytics for the Web. Start reading Capitalizing on Crisis on your Kindle in under a minute. The focus of this book are the governm This book details the rise of finance in the U. The ghost of Daniel Bell hovers over the book, especially in its normative call at the end for the country to actually have an honest political debate with itself about how distributional issues should be addressed, which in turn needs to be grounded in “a capitalizibg public debate regarding our social priorities.

Can American Capitalism Survive?: Financialization reference to the ever-growing profits from the capitaljzing sector and the declining profit from the non-financial sectors.

First, by targeting the size of the money krippnsr rather than rates, he introduced the practice of fudging the goals of monetary policy: Turns out that this is not a book about the Neo-Marxist critique. The divergence in outcomes on the backside of the financial crisis in the United States versus China highlights the risk: Meg rated it it was amazing Jun 07, Exhaustively researched, the book brings extensive new empirical evidence to bear on debates regarding recent developments in financial markets and the broader turn to the market that has characterized U.

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If you have ever read the meeting minutes of the Fed Board, then you will appreciate the author’s courage in this endeavor. Related articles in Kripppner of Science Google Scholar. Write a customer review. Withoutabox Submit to Film Festivals. The motives of policymakers at each stage are skillfully described. Credit is and always be a scarce resource, with multiple uses for the same amount of available credit.


Although the book was first published inKrippner stops short of the financial crisis, indicating in the introduction that she considers this to represent a separate stage of development that requires a separated analysis. Although this is somewhat dry in places the case is convincing. Rather than some deliberate decision to increase financialization, these policies were ad hoc responses to political and economic problems.

Thank you for your feedback. First the deregulation of the domestic financial market as an attempt to get to grips with the social crisis of the s and s, offering policymakers a ‘reprieve from difficult political choices’. First, it involves a krippner abnegation of control which may lead to notably poorer outcomes. Get to Know Us.

Capitalizing on Crisis: The Political Origins of the Rise of Finance by Greta R. Krippner

But markets of course were incapable of resolving divisive distributional issues that were inherently political in nature. Amazon Inspire Digital Educational Resources. The decision of the USG, starting in the s, to turn to financialization was designed to kick the can down the road on an interlocking series of economic ccapitalizing and political dilemmas confronting policymakers.

It is not a long book–the core material runs roughly pages.