The Political Economy of Financialization

Eugene Lang College Lib Arts: Economics

Liberal Arts

Undergraduate Course

Degree Students

Pol Econ of Financialization

Spring 2022

Taught By: Elena Blanc

Section: A

CRN: 11155

Credits: 4

Over the past 50 years, the U.S. economy has seen rising corporate debt levels alongside increasing payouts to shareholders, major shifts in the mortgage markets and consumer credit, significant changes in the behavior of banks, and a proliferation of new types of financial firms and financial assets. This course will engage with theoretical questions about the role of finance in capitalist economies through an examination of these empirical changes, often referred to under the heading of “financialization.” The course will cover recent studies from economics and sociology on the empirical dynamics described above, as well as examples of changes in the financial system that occurred in earlier periods of capitalist development. We will delve into the way in which our interpretation of these phenomena is heavily dependent on our underlying analysis of capitalist social relations, and compare different approaches offered by heterodox economic thought.

College: Eugene Lang College Lib Arts (LC)

Department: Economics (LECO)

Campus: New York City (GV)

Course Format: Seminar (R)

Max Enrollment: 18

Add/Drop Deadline: February 6, 2022 (Sunday)

Online Withdrawal Deadline: April 17, 2022 (Sunday)

Seats Available: No

Status: Closed*

* Status information is updated every five minutes. The status of this course may have changed since the last update. Open seats may have restrictions that will prevent some students from registering. Updated: 5:57am 5/20/2022 EDT

Meeting Info:

Days: Tuesday, Thursday

Times: 2:00pm - 3:40pm

Building: 6 East 16th Street

Room: 704

Date Range: 1/25/2022 - 5/12/2022