English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT

Released

Talk

Financialization: Questions For Economic History

MPS-Authors
There are no MPG-Authors in the publication available
External Resource
No external resources are shared
Fulltext (restricted access)
There are currently no full texts shared for your IP range.
Fulltext (public)
There are no public fulltexts stored in PuRe
Supplementary Material (public)

mpifg_v14_0412.mp4
(Supplementary material), 280MB

Citation

Schularick, M. (2014). Financialization: Questions For Economic History. Talk presented at Öffentlicher Vortrag am MPIfG. Köln. 2014-12-04.


Cite as: https://hdl.handle.net/11858/00-001M-0000-0028-D5D4-3
Abstract
The past decades have seen an unprecedented surge in the scale and scope of financial activities within Western economies. This process of increasing financialization appears in the rising income share of finance, the growth of financial claims on the balance sheets of financial intermediaries, and the substantial increase of household debt. The increasing size of the financial sector has been linked to the increase in income inequality in advanced economies and to the growing political influence of the financial industry. Understanding the causes and consequences of the growth of finance has become a first order concern for social scientists. In the lecture he will consider this process from the perspective of economic history. He will review the most common explanations and check them against historical facts. He will also discuss how the growth of finance has become a central problem for economic history and why it constitutes an important field for cross-disciplinary research.