Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Social Sources of Financial Power: Domestic Legitimacy and International Financial Orders

The Social Sources of Financial Power: Domestic Legitimacy and International Financial Orders

Seabrooke, Leonard

Hardcover

Series: Cornell Studies in Political Economy

Business GeneralInvesting & FinanceGeneral Political Science

ISBN10: 0801443806
ISBN13: 9780801443800
Publisher: Cornell Univ Pr
Published: Mar 14 2006
Pages: 256
Weight: 1.23
Height: 0.93 Width: 6.54 Depth: 9.60
Language: English

A 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.

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