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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.Seabrooke's novel constructivist approach is informed by economic sociology and the work of Max Weber. This book demonstrates how domestic legitimacy influences the character of international financial orders. It will interest all readers concerned with how best to transform state intervention in the economy for the good of the majority.
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Lucy Rutherford
reviewed The social sources of financial power on June 24, 2015
The social sources of financial power
It's amazingly easy to read and grabs you right away. In fact, it feels so effortless (but it's the kind of writing that you know was slaved over, honed and perfected), that I questioned how I could have gotten quite so much from it.
Two lovely ideas from this book:
The grandmother, when she's young, gets this lucky charm, that's supposed to bring her an easy life. Her husband leaves her, tries to con her, she works as a doctor in the early 1900's when infection and poverty are rampant--but she is blessed with a wonderful daughter and granddaughter---they're all three smart, good-looking, admirable, love each other deeply and admired.
The grandmother gives the charm to her granddaughter (fully believing in its worth as a lucky charm) as a gift to her granddaughter's future husband and tells her to tell him "It's a charm for an easy life. Just depends what your definition of easy is."
I love that. The relativity of life and the difference perspective makes about how you feel about your life.
There's another line I really like too where the grandaughter says of her grandmother "I admired her energetic mind and her muscular soul." Isn't that a great thing to have--a muscular soul? One that's strong, flexible, resilient?
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