US Power in International Finance

1. Front Matter

   Pages i-xv

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2. The Political Economy of Direct Financing

   • Leonard Seabrooke

   Pages 1-21

3. State Capacity and Finance in IPE

   • Leonard Seabrooke

   Pages 22-47

4. 1960–68: From Orthodoxy to Heresy

   • Leonard Seabrooke

   Pages 48-70

5. 1969–81: The Privileges of Uncertainty

   • Leonard Seabrooke

   Pages 71-111

6. 1982–91: Indebted Innovation

   • Leonard Seabrooke

   Pages 112-150

7. 1992–2000: Crises and Consumer Credit

   • Leonard Seabrooke

   Pages 151-197

8. Conclusion: the Victory of Dividends and the Dividends of Victory

   • Leonard Seabrooke

   Pages 198-212

9. Back Matter

   Pages 213-287

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Leonard Seabrooke argues that they key to understanding 'change' in international finance in the last forty years rests with US structural power. He demonstrates for the reader how structural power draws from embedded state-societal relations and how the US promotion of 'direct financing' has encouraged Britain, Japan, and Germany to 'catch-up' to US-led innovations. In drawing considerably on multidisciplinary insight, the book will benefit all those who wish to understand more about 'change' in the international political economy.

• consumer
• international finance
• International Political Economy
• Japan
• political economy
• banking

Leonard Seabrooke has written a most impressive book, not only for its extraordinary scope of empirical research on an important and timely topic - the sources of international finance - but for the adeptness with which the author breaks down the archaic divide between International Relations, Sociology and State Theory. Accordingly, I can unreservedly recommend it to all students and scholars who are interested in a wider approach to understanding the contemporary world political economy to that found in mainstream IR approaches.' - John M. Hobson, University of Sydney

• Government and International Relations School of Economics and Political Science, University of Sydney, Australia

  Leonard Seabrooke

LEONARD SEABROOKE works in Government and International Relations, School of Economics and Political Science, at the University of Sydney, and has taught international political economy at the School of Political and International Studies, Flinders University. He is currently researching a comparative historical analysis of the sources of international financial power in the late-nineteenth and late-twentieth centuries.

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