Financialization and Its Entrepreneurial Consequences

Abstract:     
The U.S. financial sector expanded dramatically over the last hundred years in both relative and absolute terms. This expansion has had a number of causes and consequences, most of which can be lumped broadly under the heading of increased 'financialization' of the economy. This led, in part, to the financial crisis of 2008/2009. In this paper, however, we consider the implications of financialization for the structure of the U.S. economy, in particular for entrepreneurship.

Number of Pages in PDF File: 20

Keywords: financial, financialization, crisis, economy, entrepreneurship, growth, financial crisis

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