| Sign In to gain access to subscriptions and/or personal tools. |
Finance as Servant? Lessons from New Deal Financial ReformSchool of Public Policy and Administration, Carleton University, Ottawa, Canada, K1S 5B6, russell.ellen{at}gmail.com New Deal financial reforms wrestled with a dilemma that is instructive for contemporary advocates of economic change. A project of financial reform that puts constraints on finance may impair the profitability of financial capitalists, thus provoking financial capital to sabotage the financial reforms. This article discusses how the New Deal navigated this dilemma in hopes of gleaning insights useful for contemporary projects of financial reform.
Key Words: New Deal Glass-Steagall Act financial regulation Banking Act of 1933
This version was published on September
1, 2008 Review of Radical Political Economics, Vol. 40, No. 3,
250-257 (2008) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||