Financialization Hypothesis: A Theoretical and Empirical Critique

The financialization hypothesis (FH) is a popular leitmotiv which argues that the financial system conquers the commanding heights of the capitalist economy. It maintains that finance gained independence from productive-capital and began to dominate it. The FH bases this argument on several empirica...

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Bibliographic Details
Main Authors: Turan Subasat, Stavros Mavroudeas
Format: Article
Language:English
Published: Pluto Journals 2023-06-01
Series:World Review of Political Economy
Online Access:https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.14.2.0204