The Fall and Rise of American Finance

Worthy heirs to their teacher, the great Leo Panitch, Maher and Aquanno sketch an alternative history of the last century that every critical scholar of finance must now engage and contend with. – Quinn Slobodian, author of Crack-Up Capitalism
A groundbreaking historical work with vital implications for theory and politics. The Fall and Rise of American Finance changes our vision of the present-and the future. – Clara E. Mattei, author of The Capital Order
Critical political economists tend to separate finance and ‘the real economy,’ seeing the former as parasitic on the latter. But what if finance has always been there and has always been the mechanism that disciplined capitalism as a whole? Maher and Aquanno explore this alternative reading of financialization. It is a compelling and convincing account. – Mark Blyth, Professor of International Economics at Brown University
The Fall and Rise of American Finance: From J. P. Morgan to BlackRock should be required reading for climate justice militants, even if it does not at first appear related to environmental concerns. – Ashley Dawson * Los Angeles Review of Books *

Stephen Maher is Associate Editor of the Socialist Register and author of Corporate Capitalism and the Integral State: General Electric and a Century of American Power (Palgrave, 2022). He is currently a Post-Doctoral Fellow at Ontario Tech University in Oshawa, Canada.

Scott M. Aquanno is Assistant Professor of Political Science at Ontario Tech University, and a Visiting Associate at the Global Labour Research Centre at York University. He is the author of Crisis of Risk: Subprime Debt and US Financial Power from 1944 to Present (Edward Elgar, 2021).

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