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CES 50th Anniversary Series - Seminar on the State and Capitalism since 1800

The Political Economy of American Asset Manager Capitalism


October 4, 2019
2:30pm - 4:00pm
Hoffmann Room, Adolphus Busch Hall Directions
October 4, 2019
2:30pm - 4:00pm
Hoffmann Room, Adolphus Busch Hall Directions

** Please note: Those planning to attend events in this series should read the paper that will be posted on the CES website before the seminar.**


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The re-concentration of US corporate ownership, a slow but steady process unfolding over several decades, has greatly accelerated since the bursting of the early 2000s. This has led to a situation in which corporate ownership is highly concentrated in the hands of a few, very large asset management companies, which, at the same time, are fully diversified across the entire stock market. This institutional configuration – asset manager capitalism – is without precedent in American history. The paper explores the dimensions and effects of this phenomenon.

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