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Political Governance of Capitalism

Author

Listed:
  • Helmut Willke
  • Gerhard Willke

Abstract

This path-breaking book highlights that systemic risks emerge from a globally operating financial industry that is not only disconnected from the real economy but also allowed to hide in ‘shadow banking’ practices. Governance based on national regimes fails to cover ‘finance-led’ global capitalism. The authors argue that the risk of systemic meltdown will reappear unless intelligent governance regimes are installed, combining legally binding rules and civil society pressures to restore the balance between risk-taking and accountability. They illustrate the goal is ‘resilient’ capitalism in which the rules of the game are set by politics and knowledge-based discourse.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Helmut Willke & Gerhard Willke, 2012. "Political Governance of Capitalism," Books, Edward Elgar Publishing, number 14946.
    • Handle: RePEc:elg:eebook:14946
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    File URL: https://www.elgaronline.com/view/9781781006184.xml
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    Book Chapters

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    More about this item

    Keywords

    Economics and Finance; Politics and Public Policy;

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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