Isabelle HUAULT & Chrystelle RICHARD (2012), Finance: The Discreet Regulator: How Financial Activities Shape and Transform the World. Basingstoke: Palgrave Macmillan

Abstract

This edited collection swells the growing ranks of books aiming to understand the role of finance in the contemporary world. In the run-up to the 2000s, the dominant perspective on finance was derived from orthodox economics which starting in the 1970s, developed into, firstly, the broader frame of neo-liberal policymaking and the deregulation of markets and, secondly, the narrower frame of financial economics as an academic discipline. This narrower frame was also based on the theory of efficient markets, which aimed to show how the financial markets worked.