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Financialisation in context: the case of Italy

Author

Listed:
  • Guglielmo Forges Davanzati
  • Andrea Pacella
  • Angelo Salento

Abstract

This paper aims at analysing the causes and effects of increasing financial accumulation by Italian firms, within a radical Institutional theoretical framework. It will be argued that financialisation can be imputed to the fact that the biggest Italian companies aim to increase their profits through speculation after the cycle of class struggle of the 1970s. It will also be shown that financial accumulation has contributed to the reduction of economic growth and to the increase of income inequalities. Since very few research studies have dealt with the Italian case, this paper fills a gap.

Suggested Citation

  • Guglielmo Forges Davanzati & Andrea Pacella & Angelo Salento, 2019. "Financialisation in context: the case of Italy," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 43(4), pages 917-936.
    • Handle: RePEc:oup:cambje:v:43:y:2019:i:4:p:917-936.
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    File URL: http://hdl.handle.net/10.1093/cje/bez019
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    Citations

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    Cited by:

    1. Joel Rabinovich & Niall Reddy, 2024. "Corporate Financialization: A Conceptual Clarification and Critical Review of the Literature," Working Papers PKWP2402, Post Keynesian Economics Society (PKES).
    2. Riccardo Pariboni & Walter Paternesi Meloni, 2022. "Salari, distribuzione e costo del lavoro: un'analisi aggregata, settoriale e di genere del caso italiano nel contesto europeo," Working Papers 0060, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.

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