Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed)
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Chapter (peer-reviewed)
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TY - CHAP
T1 - Financialization, financial crisis and deficit hysteria
T2 - neo-liberalism redux
AU - Jessop, Bob
PY - 2014
Y1 - 2014
N2 - This chapter explores the origins of the financial crisis in Britain in the neo-liberal regime shift signified as Thatcherism. It highlights a 1989 report from the Bank of England on the challenges to economic performance associated with the dominance of the City of London and shows that these challenges have been intensified in the intervening years. It identifies the contradictions and crisis-tendencies of finance-dominated accumulation and offers an explanation for the superficially surprising survival of the neo-liberal momentum of financialization following the financial crisis.
AB - This chapter explores the origins of the financial crisis in Britain in the neo-liberal regime shift signified as Thatcherism. It highlights a 1989 report from the Bank of England on the challenges to economic performance associated with the dominance of the City of London and shows that these challenges have been intensified in the intervening years. It identifies the contradictions and crisis-tendencies of finance-dominated accumulation and offers an explanation for the superficially surprising survival of the neo-liberal momentum of financialization following the financial crisis.
KW - Thatcherism
KW - neo-liberalism
KW - finance-dominated accumulation
KW - City of London
KW - housing
KW - financial crisis
M3 - Chapter (peer-reviewed)
SN - 9780415834117
SP - 101
EP - 119
BT - Moments of truth
A2 - Panizza, Francisco
A2 - Philip, George
PB - Routledge
CY - London
ER -