Results by title

208 books match the query 'Finance' and 13 start with a

cover of A Critical History of Poverty Finance: Colonial Roots and Neoliberal Failures

A Critical History of Poverty Finance

Colonial Roots and Neoliberal Failures

Nick

Pluto Press, 2022

A comprehensive historical tracing of how the contemporary finance-poverty-development nexus emerged.

'The definitive account of the history of poverty finance' - Susanne Soederberg

Finance, mobile, and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe the hype?

A Critical History of Poverty Finance demonstrates how newfangled 'digital financial inclusion' efforts suffer from the same essential flaws as earlier iterations of neoliberal 'financial inclusion.' Relying on artificially created markets that simply aren't there among the world's most disadvantaged economic actors, they also reinforce existing patterns of inequality and uneven development, many of which date back to the colonial era.

Bernards offers an astute analysis of the current fintech fad, contextualized through a detailed colonial history of development finance, that ultimately reveals the neoliberal vision of poverty alleviation for the pipe dream it is.

[more]
cover of A Problem of Fit: How the Complexity of College Pricing Hurts Students—and Universities

A Problem of Fit

How the Complexity of College Pricing Hurts Students—and Universities

Phillip B. Levine

University of Chicago Press, 2022

A critical examination of the complex system of college pricing—how it works, how it fails, and how fixing it can help both students and universities.

How much does it cost to attend college in the United States today? The answer is more complex than many realize. College websites advertise a sticker price, but uncovering the actual price—the one after incorporating financial aid—can be difficult for students and families. This inherent uncertainty leads some students to forgo applying to colleges that would be the best fit for them, or even not attend college at all. The result is that millions of promising young people may lose out on one of society’s greatest opportunities for social mobility. Colleges suffer too, losing prospective students and seeing lower enrollments and less socioeconomic diversity. If markets require prices to function well, then the American higher-education system—rife as it is with ambiguity in its pricing—amounts to a market failure.

In A Problem of Fit, economist Phillip B. Levine explains why institutions charge the prices they do and discusses the role of financial aid systems in facilitating—and discouraging—access to college. Affordability issues are real, but price transparency is also part of the problem. As Levine makes clear, our conversations around affordability and free tuition miss a larger truth: that the opacity of our current college-financing systems is a primary driver of inequities in education and society. In a clear-eyed assessment of educational access and aid in a post-COVID-19 economy, A Problem of Fit offers a trenchant new argument for educational reforms that are well within reach.
[more]
cover of A Right to Housing: Foundation for a New Social Agenda

A Right to Housing

Foundation for a New Social Agenda

Rachel Bratt

Temple University Press, 2006

In the 1949 Housing Act, Congress declared "a decent home and a suitable living environment for every American family" our national housing goal. Today, little more than half a century later, upwards of 100 million people in the United States live in housing that is physically inadequate, unsafe, overcrowded, or unaffordable.

The contributors to A Right to Housing consider the key issues related to America's housing crisis, including income inequality and insecurity, segregation and discrimination, the rights of the elderly, as well as legislative and judicial responses to homelessness. The book offers a detailed examination of how access to adequate housing is directly related to economic security.

With essays by leading activists and scholars, this book presents a powerful and compelling analysis of the persistent inability of the U.S. to meet many of its citizens' housing needs, and a comprehensive proposal for progressive change.
[more]
cover of Administrative Aspects of Investment-Based Social Security Reform

Administrative Aspects of Investment-Based Social Security Reform

Edited by John B. Shoven

University of Chicago Press, 2000

Social security reform in the United States continues to be a pressing and contentious issue, with advocates touting some form of a centralized or a privatized system of personal accounts. In general, centralized systems offer low administrative costs, but are potentially subject to political mismanagement and appropriation. Privatized account systems, on the other hand, offer higher yields with more flexibility, but may prove too expensive and logistically daunting to implement. Uniting learned and outspoken proponents on both sides of the debate, this volume provides the first comprehensive analysis of the issues involved in administering a system of essentially private social security accounts. The contributors together come to startlingly similar conclusions, generally agreeing that a centralized system of accounts could deliver the benefits of privatization in a feasible and cost-efficient way by accessing administrative mechanisms already in existence. This is perhaps the most far-reaching synthesis yet envisioned of functional and implementable social security reform.
[more]
cover of After Capitalism: Horizons of Finance, Culture, and Citizenship

After Capitalism

Horizons of Finance, Culture, and Citizenship

Ferguson, Kennan

Rutgers University Press, 2016

From Thomas Piketty to David Harvey, scholars are increasingly questioning whether we are entering into a post-capitalist era. If so, does this new epoch signal the failure of capitalism and emergence of alternative systems? Or does it mark the ultimate triumph of capitalism as it evolves into an unstoppable entity that takes new forms as it engulfs its opposition? 
 
After Capitalism brings together leading scholars from across the academy to offer competing perspectives on capitalism’s past incarnations, present conditions, and possible futures.  Some contributors reassess classic theorizations of capitalism in light of recent trends, including real estate bubbles, debt relief protests, and the rise of a global creditocracy. Others examine Marx’s writings, unemployment, hoarding, “capitalist realism,” and coyote (trickster) capitalism, among many other topics. Media and design trends locate the key ideologies of the current economic moment, with authors considering everything from the austerity aesthetics of reality TV to the seductive smoothness of liquid crystal. 
 
Even as it draws momentous conclusions about global economic phenomena, After Capitalism also pays close attention to locales as varied as Cuba, India, and Latvia, examining the very different ways that economic conditions have affected the relationship between the state and its citizens. Collectively, these essays raise provocative questions about how we should imagine capitalism in the twenty-first century. Will capitalism, like all economic systems, come to an end, or does there exist in history or elsewhere a hidden world that is already post-capitalist, offering alternative possibilities for thought and action?  
 
[more]
cover of After Redlining: The Urban Reinvestment Movement in the Era of Financial Deregulation

After Redlining

The Urban Reinvestment Movement in the Era of Financial Deregulation

Rebecca K. Marchiel

University of Chicago Press, 2020

Focusing on Chicago's West Side, After Redlining illuminates how urban activists were able to change banks’ behavior to support investment in communities that they had once abandoned.

American banks, to their eternal discredit, long played a key role in disenfranchising nonwhite urbanites and, through redlining, blighting the very city neighborhoods that needed the most investment. Banks long showed little compunction in aiding and abetting blockbusting, discrimination, and outright theft from nonwhites. They denied funds to entire neighborhoods or actively exploited them, to the benefit of suburban whites—an economic white flight to sharpen the pain caused by the demographic one.

And yet, the dynamic between banks and urban communities was not static, and positive urban development, supported by banks, became possible. In After Redlining, Rebecca K. Marchiel illuminates how, exactly, urban activists were able to change some banks’ behavior to support investment in communities that they had once abandoned. The leading activists arose in an area hit hard by banks’ discriminatory actions and politics: Chicago’s West Side. A multiracial coalition of low- and moderate-income city residents, this Saul Alinsky–inspired group championed urban reinvestment. And amazingly, it worked: their efforts inspired national action, culminating in the federal Home Mortgage Disclosure Act and the Community Reinvestment Act.
​
While the battle for urban equity goes on, After Redlining provides a blueprint of hope.
[more]
cover of After the Flood: How the Great Recession Changed Economic Thought

After the Flood

How the Great Recession Changed Economic Thought

Edited by Edward L. Glaeser, Tano Santos, and E. Glen Weyl

University of Chicago Press, 2017

The past three decades have been characterized by vast change and crises in global financial markets—and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking crises in Japan and the Eurozone. As we try to make sense of what caused these crises and how we might reduce risk factors and prevent recurrence, the fields of finance and economics have also seen vast change, as scholars and researchers have advanced their thinking to better respond to the recent crises.

A momentous collection of the best recent scholarship, After the Flood illustrates both the scope of the crises’ impact on our understanding of global financial markets and the innovative processes whereby scholars have adapted their research to gain a greater understanding of them. Among the contributors are José Scheinkman and Lars Peter Hansen, who bring up to date decades of collaborative research on the mechanisms that tie financial markets to the broader economy; Patrick Bolton, who argues that limiting bankers’ pay may be more effective than limiting the activities they can undertake; Edward Glaeser and Bruce Sacerdote, who study the social dynamics of markets; and E. Glen Weyl, who argues that economists are influenced by the incentives their consulting opportunities create.
 
[more]
cover of Aiding Students, Buying Students: Financial Aid in America

Aiding Students, Buying Students

Financial Aid in America

Rupert Wilkinson

Vanderbilt University Press, 2005

From the first scholarship donated to Harvard in 1643 to today's world of "enrollment management" and federal grants and loans, the author gives a lively social and economic history of the conflicting purposes of student aid and makes proposals for the future. His research for this book is based on archives and interviews at 131 public and private institutions across the United States.

In the words of Joe Paul Case, Dean and Director of Financial Aid, Amherst College, "Wilkinson has mined the archives of dozens of institutions to create a mosaic that details the progress of student assistance from the 17th century to the present. He gives particular attention to the origins of need-based assistance, from the charitable benevolence of early colleges to the regulation-laden policies of the federal government. He gives due consideration to institutional motive--he challenges the egalitarian platitudes of affluent colleges and questions the countervailing market and economic forces that may imperil need-based aid at less competitive institutions. By drawing on scores of personal interviews and exchanges of correspondence with aid practitioners, Wilkinson fleshes out recent decades, helping the reader to understand new trends in the provision of aid."

[more]
cover of All In: Expanding Access through Nationally Competitive Awards

All In

Expanding Access through Nationally Competitive Awards

Suzanne McCray

University of Arkansas Press, 2013

The world of national and international scholarships is more competitive than ever. Top students from across the county vie for a limited number of awards that provide the funding needed to participate in elite programs that can help launch the careers of those who receive the recognition. Scholarship foundation leaders have an insider’s view of the selection process, and experienced advisors prepare students to navigate applications and interviews. Both perspectives are represented here in this new collection emphasizing the importance of engaging a diverse group of students, institutions, and programs in the process as well as expanding the educational experience for students as they apply so that everyone benefits, no matter what the outcome.
[more]
cover of American Literary Scholarship, 1994, Volume 92

American Literary Scholarship, 1994, Volume 92

David Nordloh

Duke University Press, 0

[more]
cover of An Empire of Indifference: American War and the Financial Logic of Risk Management

An Empire of Indifference

American War and the Financial Logic of Risk Management

Randy Martin

Duke University Press, 2007

In this significant Marxist critique of contemporary American imperialism, the cultural theorist Randy Martin argues that a finance-based logic of risk control has come to dominate Americans’ everyday lives as well as U.S. foreign and domestic policy. Risk management—the ability to adjust for risk and to leverage it for financial gain—is the key to personal finance as well as the defining element of the massive global market in financial derivatives. The United States wages its amorphous war on terror by leveraging particular interventions (such as Iraq) to much larger ends (winning the war on terror) and by deploying small numbers of troops and targeted weaponry to achieve broad effects. Both in global financial markets and on far-flung battlegrounds, the multiplier effects are difficult to foresee or control.

Drawing on theorists including Michel Foucault, Giorgio Agamben, Michael Hardt, Antonio Negri, and Achille Mbembe, Martin illuminates a frightening financial logic that must be understood in order to be countered. Martin maintains that finance divides the world between those able to avail themselves of wealth opportunities through risk taking (investors) and those who cannot do so, who are considered “at risk.” He contends that modern-day American imperialism differs from previous models of imperialism, in which the occupiers engaged with the occupied to “civilize” them, siphon off wealth, or both. American imperialism, by contrast, is an empire of indifference: a massive flight from engagement. The United States urges an embrace of risk and self-management on the occupied and then ignores or dispossesses those who cannot make the grade.

[more]
cover of Art after Money, Money after Art: Creative Strategies Against Financialization

Art after Money, Money after Art

Creative Strategies Against Financialization

Max Haiven

Pluto Press, 2018

We like to imagine that money and art are old enemies, but beneath the veneer of creative utopianism is a dark capitalist underbelly. To expose the fraught intersection of art and money, Max Haiven proposes we examine how money is mobilized in art.
            Even as he shows how imaginary money and the so-called “creative economy” extract an artist’s potential, Haiven identifies and assesses a range of creative strategies for mocking, decrypting, hacking, sabotaging, and exiting capitalism through art. Focusing on the ways contemporary artists understand, imagine, and contend with material and immaterial forms of cash, debt, and credit, Haiven reveals the potential for creativity and resistance in a world dominated by financialization.
            Written for artists, activists, and scholars, this book takes seriously the need to understand and resist capitalism in an age of corporate abuse and exploitation.
 
[more]
cover of Asymmetric Information, Corporate Finance, and Investment

Asymmetric Information, Corporate Finance, and Investment

Edited by R. Glenn Hubbard

University of Chicago Press, 1990

In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity—and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences—asymmetries—in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.

[more]