1999 Fiscal Year Final Research Report Summary
Liberalization of financial sector influences on real economy
| Project/Area Number |
10630002
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
経済理論
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| Research Institution | Fukushima University |
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Principal Investigator |
SANADA Tetsuya Fukushima University, Faculty of Economics, Professor, 経済学部, 教授 (50187267)
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| Project Period (FY) |
1998 – 1999
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| Keywords | liberalization of financial sector / Neoliberalism / Marxian value law |
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| Research Abstract |
Different ways of studying financial influences on business cycle are discussed. Explanation of stages of capitalism offered by the Regulation school on the one hand and of the neomarxist debate inspired by the work of Robert Brenner on the other hand are reviewed. The notion of the viability of new finance led accumulation regime, put forward by Boyer, is strongly contested. The author argues containment of Gold as Weltgeld by political powers revised economical phenomenon of Marxian value law. Hypothesis of author is that liberalization of financial sector is in consequence of its revision. Subsequence is the triumph of financial sector and financial globalization. It originated Neoliberalism.
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