Sticky Power
Modern civilization revolves around money. However, money is a paradox. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough of i...
সংরক্ষণ করুন:
| প্রধান লেখক: | , |
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| বিন্যাস: | Online |
| ভাষা: | ইংরেজি |
| প্রকাশিত: |
Oxford University Press
2022
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| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | https://library.oapen.org/handle/20.500.12657/58182 |
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| _version_ | 1869515416792989696 |
|---|---|
| author | Haberly, Daniel Wójcik, Dariusz |
| author_browse | Haberly, Daniel Wójcik, Dariusz |
| author_facet | Haberly, Daniel Wójcik, Dariusz |
| author_sort | Haberly, Daniel |
| collection | Directory of Open Access Books |
| description | Modern civilization revolves around money. However, money is a paradox. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough of it to go around. Moreover, given that the creation of money, as credit, is based on expectations, money is at its heart an instrument for human agency to change the future. At the same time, however, the financial systems that produce money are deeply rooted in the past, and perpetuate themselves through history. This book seeks to deepen our understanding of the paradox of money, by introducing a novel conceptual lens—that of Global Financial Networks—to cast new light on the geography, history, politics, and sociology of finance from the middle ages to the global financial crisis and beyond. It shows that the power of finance is inherently “sticky”; with what are generally assumed to be new innovations such as “offshore” finance actually dating back centuries, and the architecture of global financial networks more broadly adapting to the rise and fall of empires and new technologies while changing surprisingly little in their basic character; or at most changing very slowly. A recognition of the mechanics of this durability, it is argued, calls for a new approach to reforming finance which is less reactively focused on regulation, and more proactively focused on building new institutional systems with a long-term “sticky power” of their own. |
| format | Online |
| id | doab-20.500.12854ir-92011 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-920112025-08-13T13:42:26Z Sticky Power Haberly, Daniel Wójcik, Dariusz Financial geography, economic geography, economic history, international political economy, global financial networks, financial centers, financial and business services, offshore jurisdictions, financial innovation, financial institutions thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history Modern civilization revolves around money. However, money is a paradox. It is nothing more than a representation of and medium for decentralized networks of social trust, but its production is controlled by highly centralized networks of firms, places, and governments, and there is never enough of it to go around. Moreover, given that the creation of money, as credit, is based on expectations, money is at its heart an instrument for human agency to change the future. At the same time, however, the financial systems that produce money are deeply rooted in the past, and perpetuate themselves through history. This book seeks to deepen our understanding of the paradox of money, by introducing a novel conceptual lens—that of Global Financial Networks—to cast new light on the geography, history, politics, and sociology of finance from the middle ages to the global financial crisis and beyond. It shows that the power of finance is inherently “sticky”; with what are generally assumed to be new innovations such as “offshore” finance actually dating back centuries, and the architecture of global financial networks more broadly adapting to the rise and fall of empires and new technologies while changing surprisingly little in their basic character; or at most changing very slowly. A recognition of the mechanics of this durability, it is argued, calls for a new approach to reforming finance which is less reactively focused on regulation, and more proactively focused on building new institutional systems with a long-term “sticky power” of their own. 2022-09-13T04:01:18Z 2022-09-13T04:01:18Z 2022-09-12T09:01:11Z 2022 book https://library.oapen.org/handle/20.500.12657/58182 https://directory.doabooks.org/handle/20.500.12854/92011 eng open access image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/58182/1/9780198870982.pdf https://library.oapen.org/bitstream/20.500.12657/58182/1/9780198870982.pdf Oxford University Press 10.1093/oso/9780198870982.001.0001 10.1093/oso/9780198870982.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 400 Oxford open access |
| spellingShingle | Financial geography, economic geography, economic history, international political economy, global financial networks, financial centers, financial and business services, offshore jurisdictions, financial innovation, financial institutions thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history Haberly, Daniel Wójcik, Dariusz Sticky Power |
| title | Sticky Power |
| title_full | Sticky Power |
| title_fullStr | Sticky Power |
| title_full_unstemmed | Sticky Power |
| title_short | Sticky Power |
| title_sort | sticky power |
| topic | Financial geography, economic geography, economic history, international political economy, global financial networks, financial centers, financial and business services, offshore jurisdictions, financial innovation, financial institutions thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| topic_facet | Financial geography, economic geography, economic history, international political economy, global financial networks, financial centers, financial and business services, offshore jurisdictions, financial innovation, financial institutions thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCL International economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history |
| url | https://library.oapen.org/handle/20.500.12657/58182 |
| work_keys_str_mv | AT haberlydaniel stickypower AT wojcikdariusz stickypower |