Divested bookcover

Divested

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Description

Divested documents how the ascendance of finance is a fundamental cause of economic inequality in the United States. This wide-ranging and comprehensive account demonstrates the many ways financial sector has reshaped the economy, leaving the average American adrift in a world driven by the maximization of financial profit.

Product Details

PublisherAcademic
Publish DateJanuary 06, 2020
Pages240
LanguageEnglish
TypeBook iconHardback
EAN/UPC9780190638313
Dimensions9.3 X 6.4 X 1.0 inches | 1.1 pounds

About the Author

Ken Hou-Lin is an Associate Professor of Sociology at the University of Texas at Austin. His research examines how the economic and demographic changes in past four decades shape the distribution of resources in the United States.

Megan Tobias Neely is a Postdoctoral Fellow in Sociology at The Clayman Institute for Gender Research at Stanford University.

Reviews

"This important book is a must read for those interested in the relationship between finance and inequality." -- Katharina Hecht, University of Konstanz, American Journal of Sociology

"Beautifully-written, wide-ranging, accessible, and persuasive, Divested captures the defining flaw of American capitalism in our time. The link of inequality to finance is plain as day in data. But here Ken Hou-Lin and Megan Tobias Neely give a clear and full account of how it actually happened." -- James K. Galbraith, Lloyd M. Bentsen Jr. Chair in Government/Business Relations at the University of Texas at Austin, author of Inequality: What Everyone Needs to Know

"Divested is a powerful book that methodically demonstrates how the financialization of America is increasing income inequality. This book is the new go-to source to better understand these debilitating social and economic trends and convince policymakers why financial reform is needed." -- J. David Stein, host of the Money for the Rest of Us podcast and author of Money for the Rest of Us: 10 Questions to Master Successful Investing

"The rising influence of finance is the most important business development in modern times. Lin and Neely's insightful and important book explains how finance became the most important priority in business and connects the dots to show how that development contributes to a range of contemporary problems, from falling investment in business to rising inequality in society and the precarious nature of modern jobs." -- Peter Cappelli, George W. Taylor Professor of Management, The Wharton School, University of Pennsylvania

"Divested explores how the expansion of finance in the U.S. since the 1980s has profoundly impacted many aspects of the American economy. The book is particularly astute at showing the myriad ways in which the rise of finance has directly and indirectly been implicated in the rise in income inequality. This is a big and important book that is certain to be widely acclaimed for its broad synthesis and able marshalling of evidence." -- Neil Fligstein, Class of 1939 Chancellor's Professor, University of California-Berkeley

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