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Financialization of the Economy, Business, and Household Inequality in the United States
book

Financialization of the Economy, Business, and Household Inequality in the United States

by Kurt Mettenheim, Olivier Butzbach
November 2021
Intermediate to advanced
164 pages
5h 57m
English
Routledge
Content preview from Financialization of the Economy, Business, and Household Inequality in the United States

3The financialization of American nonfinancial business

Olivier Butzbach

DOI: 10.4324/9781003223320-4

Introduction

The literature on financialization lays much emphasis on the increasing reliance of nonfinancial firms on financial revenue as symptom of the transformation of the Chandlerian, Fordist business corporation into vehicles for value extraction to the benefit of rentier investors. This view seems to be confirmed by a significant number of empirical studies. However, it has also been criticized for overlooking problems of measurement and misidentification. This chapter revisits these issues by drawing on a variety of aggregate data sources and broadening the focus to consider both the income structure and balance-sheet structure of ...

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Publisher Resources

ISBN: 9781000475715