How economy and society have been transformed

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Gerry Davis discusses how economy and society have been transformed by the rise of finance in his book, Managed by Markets. What does the term "financialization" refer to, when applied to the modern economy? According to Davis, how is the growing importance of finance reflected in the way large businesses operate? How does the influence of financialization come to be expressed in ordinary people's lives? Finally, please comment on the parallels between Davis' analysis and either Polanyi's idea of the "economistic fallacy" or Fligstein's "conceptions of control.

Reference no: EM133265070

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