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Both neoclassical and Keynesian economists have widely favored the use of equilibrium models to understand economic activity, but dramatic periods of change such as the current global economic downturn are poorly understood by assuming equilibrium. The economist Joseph Schumpeter tried to inject dynamism and disequilibrium into economic models by arguing for the role of entrepreneurs in creating microeconomic change, and for examining long-term macroeconomic change as represented in business cycles. No economist, including Schumpeter, has ever connected these two approaches to change and these approaches are not typically used as alternative and complementary ways of viewing transformation over time. We suggest that these theories can be connected in a “mesoeconomic” institutional analysis rooted in economic sociology; we demonstrate this connection by examining the US commercial building industry. This industry has changed in qualitatively distinct ways over the past two centuries in what we call market orders, economic orders sometimes lasting for decades or more. In each market order, entrepreneurs of different sorts are able to flourish and push forward institutional changes that result in long-term economic shifts. Credit and finance have been pivotal influences in each market order, a factor supporting Schumpeter's focus on entrepreneurial action and speculation and one not largely discussed today. We view the recent disruption of financial markets as a signal of the destruction of a reigning market order.

In modern conditions energy investment in Russia the world and cash flow status sectors is sufficient tense: financial institutions are forced to act in the following conditions: deficiencies in money supply and underestimated financial assets and liabilities of active site balance of payments. However, fast ones actions regulators contribute to mitigation measures the crisis. This very clearly shows the importance of monetary policy in Russia in regards to modern economic relations. Modern reality of development of energy investment and a new period of functioning of the economy were determined by necessity for revision of theoretical data basics and practical analysis of monetary policies, which determine the basic direction of this study. Monetary policy does not apply to financial institutions. It is fully autonomous, as end goals of monetary and credit control system regulations coincide with basic principle objectives of the macroeconomic policies of countries.

Decentralized finance is a technological infrastructure built on a blockchain networking environment that supplies transparent, uncensorable, and decentralized financial services and products. This infrastructure offers the opportunity to replicate traditional financial instruments on a decentralized platform and incorporate added features provided by blockchain technology. It also allows the creation of new instruments native to blockchain technology unavailable through traditional financial institutions. This chapter presents an in-depth analysis of the inner workings of stablecoins, decentralized exchanges, automated market makers, liquidity pools, decentralized lending, synthetic instruments, and asset management. It also provides specific examples for each application and presents some current challenges the sector faces.

This chapter examines the mass movement of Americans into investing during the 1990s as both a consequence and a cause of contested power between corporations and individuals. This movement was part of a larger historical pattern of economically marginalized people consolidating their power through associational strategies in the realm of finance. Using US investment clubs as a case study, the chapter draws on Foucault's theories to illuminate the bilateral power structure of modern capitalism, in which market institutions and small groups at the grassroots level mutually influence one another. While the investment club movement was in part a response to economic domination by corporate and political elites, it also catalyzed genuine shifts in the power dynamics between individuals and corporations.