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Rentier shifts, legitimacy and the social sources of international financial hegemonies

Seabrooke, Leonard


This paper provides an analysis of the domestic legitimation of 'financial reform nexuses' during two periods of English and US international financial hegemony. Following Max Weber's work on the state and finance, I argue that positive state intervention is required to legitimise a 'financial reform nexus' (the interrelation of credit, property, and tax politics) for people on below median income. I hypothesise that sufficient legitimation of a financial reform nexus provides the means to...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Working/Technical Paper


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