Financialisation in context: the case of Italy
在激进制度理论框架下，分析意大利企业金融积累的原因与后果，认为金融化源于1970年代阶级斗争后大企业转向投机，并导致经济增长放缓与收入不平等加剧。
Abstract This paper aims at analysing the causes and effects of increasing financial accumulation by Italian firms, within a radical Institutional theoretical framework. It will be argued that financialisation can be imputed to the fact that the biggest Italian companies aim to increase their profits through speculation after the cycle of class struggle of the 1970s. It will also be shown that financial accumulation has contributed to the reduction of economic growth and to the increase of income inequalities. Since very few research studies have dealt with the Italian case, this paper fills a gap.