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010 _a 2020015480
020 _a9781503602380
020 _a9781503614451
020 _z9781503614468
040 _aCSt/DLC
_beng
_cDLC
_erda
_dDLC
042 _apcc
043 _an-us---
050 0 0 _aHG181
_b.P74 2021
082 0 0 _a332/.04150973
_223
100 1 _aPrechel, Harland,
_eauthor.
245 1 0 _aNormalized financial wrongdoing :
_bhow re-regulating markets created risks and fostered inequality /
_cHarland Prechel.
264 1 _aStanford, California :
_bStanford University Press,
_c2021.
300 _axvi, 362 pages ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
504 _aIncludes bibliographical references (pages 313-336) and index.
505 0 _aThe 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 -- A unified upper class, the fractured middle and working classes, and the potential for emancipatory social change.
520 _aIn 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.
_cProvided by publisher.
650 0 _aFinancialization
_zUnited States.
650 0 _aCorporations
_xGovernment policy
_zUnited States.
650 0 _aCorporation law
_zUnited States.
650 0 _aCorporations
_xCorrupt practices
_zUnited States.
650 0 _aIncome distribution
_zUnited States.
655 _aElectronic books.
776 0 8 _iOnline version:
_aPrechel, Harland.
_tNormalized financial wrongdoing.
_dStanford, California : Stanford University Press, 2021.
_z9781503614468
_w(DLC) 2020015481
856 _uhttps://web.p.ebscohost.com/ehost/results?vid=4&sid=287a7656-4e6d-4c51-bf59-54f66a8564a7%40redis&bquery=Normalized+Financial+Wrongdoing+%3a+How+Re-regulating+Markets+Created+Risks+and+Fostered+Inequality&bdata=JmRiPWFwaCZkYj1idWgmZGI9aWloJmRiPWUwMDB0d3cmZGI9ZWdzJmRiPWVyaWMmZGI9bGloJmRiPWRkdSZkYj1id2gmY2xpMD1GVCZjbHYwPVkmdHlwZT0wJnNlYXJjaE1vZGU9QW5kJnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d
_y Full text available at Ebscohost Click here to view
906 _a7
_bcbc
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_d1
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