Urban digitization and financial capitalism

Capitalism as a Financial Economy of Production

It is interesting that the stability of the system and its sensitiveness to changes in the quantity of money should be so dependent on the existence of a variety of opinion about what is uncertain. Best of all that we should know the future. But if not, then, if we are to control the activity of the economic system by changing the quantity of money, it is important that opinions should differ. ...

No . 275 MINSKY ' S ANALYSIS OF FINANCIAL CAPITALISM

Hyman Minsky used to joke that there are as many varieties of capitalism as Heinz has pickles--57. (Minsky 1991) In this contribution, we will be analyzing one of them--the general form of post-war capitalism taken in the developed countries, which can be characterized as Financial Capitalism. Obviously, there are differences in the specific form that financial capitalism takes over the postwar...

CEPA Center for Economic Policy Analysis “ Asian Capitalism ” and the Financial Crisis

Copyright and Mass Digitization

The authors pose several stimulating queries with regard to the suitability of the current legal infrastructure to accommodate new and potential demands brought about by mass digitization. Each query is powerfully pursued, suggesting well-argued responses, but also leaving room for other possible solutions. They explain each topic using clear language and an illustration of some of the most per...

Digitization and Disciplined Autonomy

T he increasing digitization of the economy presents both opportunities and challenges for firms. On one hand, digitization can enable more degrees of freedom and sophisticated strategies that target each customer segment or even each customer individually with efficiency. For example, firms can now create rich and customized advertisements with almost laser precision without sacrificing tremen...