The Contradictions of Pension Fund Capitalism
Published by: Labor and Employment Research Association
Imprint: Cornell University Press
Sales Date: 2018-01-15
Published: January 2018
350 Pages, 5.40 x 8.40 x 0.70 in
Temporarily Out Of StockAdd to Wishlist
It is often hoped and assumed that union stewardship of pension investments will produce tangible and enduring benefits for workers and their communities while minimizing the negative effects of what are now global and intensely competitive capital markets. At the core of this book is a desire to question the proposition that workers and their organizations can exert meaningful control over pension funds in the context of current financial markets.
The Contradictions of Pension Fund Capitalism is an engaging and readable text that will be of specific interest to members of the labor movement, pension activists, pension trustees, fund administrators, environmental activists, and employers/managers, as well as academics involved in pension or labor research. The contents and arguments of the book are applicable across the United States, Canada, the United Kingdom, Australia, New Zealand, and Ireland, because these countries experience a similar macroeconomic context and face a similar pension landscape.
"From a broad and critical political economic framework to a nuanced look at the practice of pension fund management, readers will find this collection to be both accessible and insightful. Indeed, the esoteric and perhaps even nebulous nature of pension funds is wonderfully exposed in this book."Labour