Beschreibung:
The book provides a theoretically condensed but empirically grounded account of the contemporary finance-led economy and offers a credible, accessible overview of the economic conditions that will arguably shape economic affairs for a foreseeable future.
Introduction; 1 The financial economy: a review of the literature; 2 The institutional framework: the capital formation process in finance-led economies; 3 Thickly capitalized ventures: housing production, illiquid assets, and social welfare; 4 Thinly capitalized ventures: financing science-based innovation in entrepreneurial firms; 5 The institutional logic of the finance-led economy