Search results

This chapter examines the relationship between finance capital and the transformation of the state in Rudolf Hilferding’s thought. Hilferding defines finance capital as the fusion of banking and industry, a situation that presupposes a high degree of development of capitalist relations. Finance capital prompts a transformation of the state economic functions. This chapter considers the transfor­mation of the state and its consequent ability to deal with crises of finance capital era. It also highlights Hilferding’s pioneering contribution in sketching the bases for the great contemporary theories of State intervention in crises regulation.

This article highlights key aspects of capital management, including capital planning, capital budgeting, capital financing, decision making and capital spending outcomes. We provide a background discussion of public sector capital management, followed by a summary of the articles that comprise this symposium. Combined, these articles illustrate the complexity of and challenges to capital management at the state and local government levels. We discuss common themes that emerge from reading these articles as a collective symposium, including: (1) modest progress in applying and empirically testing theoretical frameworks; (2) the variety of actors and institutions; and (3) the deteriorating condition and poor performance of public infrastructure. We use the articles to illustrate gaps in the research and offer suggestions for future research on capital management theory and practice.

The purpose of this paper is to trace the history and legacy of Islamic finance (IF) in Sri Lanka in the context of the emergence of life finance. It tracks the social life of finance through a genealogy of trust and capital.

The methodology used is qualitative. It is an extended case study using conversations, company documents and newspaper archival research.

Trust, transparency and ethics must be understood locally to have salience. The implicit effect of locally understood ideas of trust that have been built into the movement of capital (via ethical branding and transparency in IF, education and social awareness) can reconfigure relationships between communities in a country that has been ravaged by war.

There have been few studies on IF in Sri Lanka; this study will enrich those offerings. However, they must be understood in relation to the emergence of life finance.

This study presents a new viewpoint on the relationship between finance and social well-being and new categories through which to understand finance.

The implicit effect of locally understood ideas of trust which have been built into movements of capital (via ethical branding and transparency in IF, education, socially aware) can reconfigure relationships between communities in a country that has been ravaged by war.

There have been few studies on Islamic Finance in Sri Lanka; this study will enrich those offerings. But they must be understood in relation to the emergence of life-finance in South Asia.