E-Books →Sticky Power Global Financial Networks in the World Economy

Sticky Power seeks to deepen our understanding of the paradox of money by introducing a novel conceptual lens, Global Financial Networks, to cast new light on the geography, history, politics, and sociology of finance from the Middle Ages to the global financial crisis and beyond. It shows that the power of finance is inherently sticky: apparently new innovations such as offshore finance actually date back centuries, and global financial networks more broadly have adapted to the rise and fall of empires and the development of new technologies while changing surprisingly little in their basic character, or at most changing very slowly.
Haberly and Wójcik argue that a recognition of the mechanics of this durability calls for a new approach to reforming finance-one less reactively focused on regulation, and more proactively focused on building new institutional systems with a long-term sticky power of their own.