The Social Sources of Financial Power
Domestic Legitimacy and International Financial Orders
By (author) Leonard Seabrooke
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Social Sources of Financial Power by Leonard Seabrooke
Book DescriptionA state's financial power is built on the effect its credit, property, and tax policies have on ordinary people: this is the key message of Leonard Seabrooke's comparative historical investigation, which turns the spotlight away from elite financial actors and toward institutions that matter for the majority of citizens. Seabrooke suggests that everyday contests between social groups and the state over how the economy should work determine the legitimacy of a state's financial and fiscal system. Ideally, he believes, such contests compel a state to intervene on behalf of people below the median income level, leading the state to broaden and deepen its domestic pool of capital while increasing its influence on international finance. But to do so, Seabrooke asserts, a state must first challenge powerful interests that benefit from the concentration of financial wealth.Seabrooke's novel constructivist approach is informed by economic sociology and the work of Max Weber. This book demonstrates how domestic legitimacy influences the character of international financial orders. It will interest all readers concerned with how best to transform state intervention in the economy for the good of the majority.
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Book DetailsISBN: 9780801443800
(235mm x 156mm x 24mm)
Imprint: Cornell University Press
Publisher: Cornell University Press
Publish Date: 24-Mar-2006
Country of Publication: United States
Books By Author Leonard Seabrooke
Sources of National Institutional Competitiveness, Hardback (February 2015)
The book offers a framework to investigate how countries reform and change their institutions to compete in the world economy. It examines how different actors in advanced industrialized countries engage in sensemaking processes to determine how to be competitive. Many cases are explored, covering different institutions linked to competitiveness
Politics of Housing Booms and Busts, Hardback (June 2009)» View all books by Leonard Seabrooke
This book demonstrates how housing systems are built from political struggles over the distribution of welfare and wealth. The contributors analyze varieties of residential capitalism through a range of international case studies, as well as investigating the links between housing finance and the current international financial crisis.
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