| Document Type
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BL
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| Record Number
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1000305
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| Doc. No
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b754675
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| Uniform Title
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Finance servante ou finance trompeuse?English
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| Main Entry
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Dembinski, Pawel H.,1955-
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| Title & Author
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Finance : : servant or deceiver? : financialization at the crossroads /\ Paul H. Dembinski ; translated from the French by Kevin Cook.
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| Edition Statement
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English ed.
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| Publication Statement
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[Geneva] :: Observatoire de la Finance ;Houndmills, Basingstoke, Hampshire ;New York :: Palgrave Macmillan,, 2009.
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| Page. NO
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x, 185 pages :: illustrations ;; 23 cm
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| ISBN
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0230220371
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: 9780230220379
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| Notes
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Originally published in French as: Finance servante ou finance trompeuse.
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| Bibliographies/Indexes
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Includes bibliographical references (pages 171-179) and index.
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| Contents
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The financial iceberg -- The historical development of finance -- The euphoric years -- Money : from servant to master -- ICT euphoria -- The break-up of money -- Players and institutions -- Markets as trust-building mechanisms -- Mega-players -- Custodians of the market temple -- Public deficits and how they are financed -- The financial world view -- The efficiency ethos -- Risk and return : a neat paradigm -- Risk -- fear of risk -- a risk-free future -- From interest to greed : unbridled passion -- A new pattern -- Financial relationships and financial transactions -- Financing relationships -- From financing relationships to financial transactions -- Financial transactions -- The spread of transactions -- The institutional process -- Financial markets as sounding boards -- Finance as intermediary -- Relationships and transactions : statistical orders of magnitude -- Finance and the rest of the economy -- Very large corporations : the vehicles of financialization -- Very large corporations (VLCs) -- A global marketing economy -- Enterprises' value : new forms of capital -- Shareholder value : the mantra of the new foremen -- ROE rules -- Procedures as a vehicle for efficiency -- Financialization of the economic fabric -- VLCs' subcontractors -- SMEs : private equity on the prowl -- Tying customers to enterprises -- Planned obsolescence -- 'Personalized' customer relations -- Dissolving products into services -- The alienation of the anaesthetized consumer -- Other aspects of financialization -- The age of anticipation : banks and their customers -- Humanity in the grip of financialization -- Finance : a metaphysical response -- Implications of the new pattern -- Finance : what kind of society do we want? -- Limits inherent in the process itself -- The spectre of sterility -- Complexity -- Concentration of economic power -- Limits inherent in human nature -- Transactions : beyond conflicts of interest -- Ethical alienation -- A sense of helplessness -- What is to be done? -- Challenge financial ethics -- Encourage long-term relationships -- Change the system of remuneration -- Revisit financial process.
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| Abstract
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"During the last thirty years, finance has constantly increased not only its share of economic activity but also of people's worldview and aspirations. We call this practical and conceptual process 'financialization'. Financialization has transformed both our economy and our society by increasingly organizing it around the search for financial efficiency. Today, pushed to its extremes, this tendency is coming close to its breaking point. However, a society based on fundamental values of free judgment, responsibility and solidarity - which forms part of the common good - is still possible."--Publisher's website.
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| Subject
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Finance-- History.
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Finance-- Moral and ethical aspects.
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Financialization.
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Finance-- Moral and ethical aspects
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Finance.
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Financialization.
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Finanzkrise
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| Subject
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Kreditmarkt
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| Subject
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Wirtschaftsmacht
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| Dewey Classification
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332
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| LC Classification
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HG173.D42 2009
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