Markets and Ideology in the City of London

Markets and Ideology in the City of London
Author: David Lazar
Publisher: Springer
Total Pages: 205
Release: 2016-07-27
Genre: Social Science
ISBN: 1349107530

Markets and Ideology in the City of London is the first fieldwork-based sociological study of how participants in City of London financial markets view the markets in which they work and the market mechanism in general. But it is more than a narrow study of financial market participants because it is also an empirical investigation into how ideologies function and it develops a critique of pro-market ideologies such as 'Thatcherism'. Finally, it is one of a small number of sociological studies into the privileged world of high earners and the wealthy - sociologists too frequently study the powerless and the 'deviant' or 'marginal' groups.

Karl Polanyi

Karl Polanyi
Author: Gareth Dale
Publisher: Polity
Total Pages: 320
Release: 2010-06-21
Genre: Business & Economics
ISBN: 0745640710

Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.

Corporate Governance and the Global Financial Crisis

Corporate Governance and the Global Financial Crisis
Author: William Sun
Publisher: Cambridge University Press
Total Pages: 415
Release: 2011-07-21
Genre: Business & Economics
ISBN: 1139497235

Over the last two decades there has been a notable increase in the number of corporate governance codes and principles, as well as a range of improvements in structures and mechanisms. Despite this, corporate governance failed to prevent a widespread default of fiduciary duties of corporate boards and managerial responsibilities in the finance industry, which contributed to the 2007–10 global financial crisis. This book brings together leading scholars from North America, Europe, Asia-Pacific and the Middle East to provide fresh and critical analytical insights on the systemic failures of corporate governance linked to the global financial crisis. Contributors draw from a range of disciplines to demonstrate the severe limitations of the dominant corporate governance framework and its associated market-oriented approach. They provide suggestions on how the governance problems could be tackled to prevent or mitigate any future financial crisis and explore new directions for post-crisis corporate governance research and reforms.

Harm Production and the Moral Dislocation of Finance in the City of London

Harm Production and the Moral Dislocation of Finance in the City of London
Author: Alex Simpson
Publisher: Emerald Group Publishing
Total Pages: 163
Release: 2021-10-28
Genre: Social Science
ISBN: 1839094966

Delving into the spatial disconnection that separates the City from the rest of London and the UK, this ground-breaking book gives shape and form to how financial markets are sustained, managed and performed within the shared cultural imagination and system of knowledge.

The City

The City
Author: Tony Norfield
Publisher: National Geographic Books
Total Pages: 0
Release: 2017-07-04
Genre: Political Science
ISBN: 1784785024

Radical insider’s account of how the city of London really works The City, as London’s financial centre is known, is the world’s biggest international banking and foreign exchange market, shaping the development of global capital. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy. Based on the author’s twenty years’ experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. All big international companies—not just the banks—utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of Britishlinked tax havens, the flows of finance around the world and the system of power built upon financial securities. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day. If you imagine you don’t like “finance” but have no problem with the capitalist market system, think again: it turns out the two cannot be separated.

The Finance Curse

The Finance Curse
Author: Nicholas Shaxson
Publisher: Grove Press
Total Pages: 425
Release: 2019-11-05
Genre: Business & Economics
ISBN: 0802146384

An “artfully presented [and] engaging” look at the insidious effects of financialization on our lives and politics by the author of Treasure Islands (The Boston Globe). How didthe banking sector grow from a supporter of business to the biggest business in the world? Financial journalist Nicholas Shaxson takes us on a terrifying journey through the world economy, exposing tax havens, monopolists, megabanks, private equity firms, Eurobond traders, lobbyists, and a menagerie of scoundrels quietly financializing our entire society, hurting both business and individuals. Shaxson shows how we got here, telling the story of how finance re-engineered the global economic order in the last half-century, with the aim not of creating wealth but extracting it from the underlying economy. Under the twin gospels of “national competitiveness” and “shareholder value,” megabanks and financialized corporations have provoked a race to the bottom between states to provide the most subsidized environment for big business, encouraged a brain drain into finance, fostered instability and inequality, and turned a blind eye to the spoils of organized crime. From Ireland to Iowa, he shows the insidious effects of financialization on our politics and on communities who were promised paradise but got poverty wages instead. We need a strong financial system—but when it grows too big it becomes a monster. The Finance Curse is the explosive story of how finance got a stranglehold on society, and reveals how we might release ourselves from its grasp. Revised with new chapters “[Discusses] corrupt financiers in London and New York City, geographically obscure tax havens, the bizarre realm of wealth managers in South Dakota, a ravaged newspaper in New Jersey, and a shattered farm economy in Iowa . . . A vivid demonstration of how corruption and greed have become the main organizing principles in the finance industry.” —Kirkus Reviews

Wall Street’s Assault on Democracy

Wall Street’s Assault on Democracy
Author: Georges Ugeux
Publisher: Springer Nature
Total Pages: 246
Release: 2023-11-22
Genre: Business & Economics
ISBN: 3031290941

On November 24, 2020, in the midst of a global pandemic, the Dow Jones Index surpassed 30,000 points for the first time ever. This historic moment exposed the incredible disconnect between financial markets and society. The stock market’s one hundred percent rebound was triggered by a massive injection of capital by the US Federal Reserve and by fiscal stimulus measures that reached $16 trillion globally in only a year. It was the taxpayer who came to the aid of the shareholders. This imbalance between low- and high-income individuals has become unbearable and calls into question the mechanisms that allow such an abuse of financial power to exist. This abuse has allowed populism to flourish, in a world where humanism should prevail. This book invites the reader to understand how such a financial drift of capitalism was even possible and proposes reforms to correct the system. Written by the former Group Executive Vice President for International & Research at the New York Stock Exchange, this volume provides concrete solutions for democratizing financial markets and reintroducing the morals and ethics that these markets and its leaders are so sorely lacking. Ugeux argues that the purpose of such reforms is to reduce the inequalities which are plaguing our democracies. Citizens are losing hope that equity exists in the system and it has become clear, as fundamental liberties like right voting rights are being threatened – that the problem lies much deeper. Ugeux insists that a change of perspective and a redefinition of societal goals is essential: social and solidarity capitalism is possible only if our leaders listen to the expectations of their citizens. While it is supported by research and facts, this book includes elements of opinion essays with an educational objective. It aims to educate readers who want to better understand these complex issues, without having to be specialists.

Crime In Context

Crime In Context
Author: Ian Taylor
Publisher: Routledge
Total Pages: 294
Release: 2019-04-03
Genre: Social Science
ISBN: 0429721706

At the end of the twentieth century, the bookstores are full of books on crime, though this title will certainly not find a place on the same shelves. In the massive Waterstones bookstore in the city of Manchester, England, where I lived through most of the 1990s, the ground floor display area was rearranged in 1995 so as to accommodate, right at the front of the store, several hundred new titles, on topics like Serial Murderers and Sexual Crimes of the Twentieth Century.l Several of these new books are companion volumes to movies on release in the city's cinemas or, in some instances, are simply the original text on which the movies are based. The movies in question - Shallow Grave, Silence of the Lambs, Reservoir Dogs, Natural Born Killers and others - focus heavily on interpersonal violence and murder and also place great emphasis in the manner of many earlier cinematic genres - on the idea of the 'criminal mind' (not least, as a way of dramatizing the detection of the originating criminal act) but also - to a significant extent, these are movies which emphasize the idea and contemporary social presence of evil. Similar moral and psychologistic preoccupations are now also widely apparent on primetime television - most notably, in Britain, in the extraordinarily powerful Cracker series, produced by Granada Television in 1994 and 1995, watched by over 15 million people, and featuring, inter alia, the forensic investigation' of serial and sexual murders, some of them extremely graphically displayed (Crace 1994).2 The prominence of 'Gothic' themes in movies about violent death is not new in itself: there is a long history of interest in the cinema in horror and, indeed, in 'transgression' and evil. What may be definitive about the present genre of movies as well as the range of fictional and non-fictional titles in the bookstores about crime is the overwhelming focus on murder and killing represented in very contemporary and mundane, ordinary and, indeed, 'respectable' settings, and the powerful suggestion that these movies are a representation of the risks and dangers involved in everyday life at the end of the twentieth century. The bookstore display in Waterstones is straightforwardly called the 'Real Crimes' section.

Historical Dictionary of London

Historical Dictionary of London
Author: Kenneth John Panton
Publisher: Historical Dictionaries of Cit
Total Pages: 680
Release: 2001
Genre: History
ISBN:

Panton details London's growth from its foundation in Roman times to its modern place as one of the world's preeminent financial, commercial and cultural capitals. Entries cover general themes (such as immigration, housing, street markets, and health care) as well as specific topics (including individual historic buildings, financial institutions, museums, transport modes, major city center hotels and West End theaters). Significant contributors to the city's government, such as the legendary Dick Whittington, also receive attention, along with immigrant groups and major events such as the Great Fire, the Great Plague, the development of the subway system, and the growth of the Stock Exchange. In addition, a chronology details major events, there are lists of Lord Mayors and leading local government officials, and a table outlines population growth over the last two hundred years. Appendices contain borough council contact information and world wide web addresses which provide access to additional information through the Internet.

What's Next?

What's Next?
Author: David Hale
Publisher: Yale University Press
Total Pages: 364
Release: 2011-01-01
Genre: Business & Economics
ISBN: 0300170319

The world spins in economic turmoil, and who can tell what will happen next? Cold numbers and simple statistical projections don't take into account social, financial, or political factors that can dramatically alter the economic course of a nation or a region. In this unique book, more than twenty leading economists and experts render thorough, rigorously researched prognoses for the world's major economies over the next five years. Factoring in such varied issues as the price of oil, the strength of the U.S. dollar, geopolitics, tax policies, and new developments in investment decision making, the contributors ground their predictions in the realities of current events, political conditions, and the health of financial institutions in each national economy. The most comprehensive volume on the global economy available today, this book presents up-to-date research on Russia, Australia, Europe, sub-Saharan and South Africa, the major Asian economies, North America, and the largest economies of Latin America. With unsurpassed expertise, the authors explain what's going on in individual countries, how important current global issues will impact them, and what economic scenarios they most likely will face in upcoming years.