Efforts to resolve the recent financial crisis have obscured a more deeply rooted financialization crisis that impacts t only the market ecomy but also the vital civic and moral traditions that support it. This book reveals the cultural influence of finance in reshaping the foundations of American civil society and proposes a return to certain first principles of the Republic to restore the nation's ecomic vision. This book demonstrates how funding concerns and financial incentives revalue faith traditions, educational institutions, n-profit organizations, and even the nation's healthcare system in ways that are eroding the diversity of American culture. These changes also undermine the ethical framework of both democratic government and the free-market system. While financial influence has diminished the value of civil society, this book proposes that revitalized intermediary institutions still offer the best path forward in restoring the financial sector and, more broadly, enriching the American competitive ethic toward development of a more virtuous ecomy. The book is written for an academic and professional audience, offering a blueprint for the involvement of civil society with government in providing more communally integrated oversight that could contribute to a genuine democratization of finance.
Charles McDaniel, Jr. is Assistant Professor in the Interdisciplinary Core Program of Baylor University's Honors College, USA. He is also the Book Review Editor for the Journal of Church and State.
Taylor & Francis Ltd
Date of Publication
Economics: Textbooks & Study Guides
Routledge Critical Studies in Finance and Stability