Money manager capitalism and the end of shared prosperity

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Chapter 17 in Reforming Capitalism for the Common Good, 2022, pp 226-235 from Edward Elgar Publishing

Abstract: This chapter traces the development of Hyman Minsky's ideas on the evolution of the US economic system after World War II. It also outlines his conception of the era of money manager capitalism (which emerged in the 1980s), and describes the connection between the rise of the present period and the end of the more broadly shared prosperity of the early postwar era.

Keywords: Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2022
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