A search of the key word “financialization ” on the EconLit database resulted in 79 papers with the earliest dating to the year 2000. Of the 79 papers, around 60 percent can be associated with the political economy literature of which 17 entries derive from the volume edited by Epstein (2005). 2. Despite Hilferding’s Marx-inspired approach, I include other heterodox approaches to financialization
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Jonathan P. Goldstein (2009) studied this question.