The Money Laundry: Regulating Criminal Finance in the Global Economy. By J. C. Sharman. Ithaca, N.Y.: Cornell University Press, 2011. Pp. xiv+200. $29.95.

Frank Dobbin

doi:10.1086/667602

Abstract

Previous articleNext article No AccessBook ReviewsThe Money Laundry: Regulating Criminal Finance in the Global Economy. By J. C. Sharman. Ithaca, N.Y.: Cornell University Press, 2011. Pp. xiv+200. $29.95.Frank DobbinFrank DobbinHarvard University Search for more articles by this author PDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by American Journal of Sociology Volume 118, Number 3November 2012 Article DOIhttps://doi.org/10.1086/667602 Views: 135Total views on this site For permission to reuse a book review printed in the American Journal of Sociology, please contact [email protected]PDF download Crossref reports no articles citing this article.

Highlights

American Journal of Sociology story to a global one, why have there been so few episodes of civil violence in American cities since the 1970s, especially in light of recent riots in Paris, London, and elsewhere? Some of Katz’s answers are predictable to any student of urban politics, such as that political reforms incorporated some African-Americans into visible public positions without altering the fundamental bases of political power—for example, though the number of black big-city mayors has increased, real power has shifted from cities to the state and federal governments
Katz turns to the political implications of how the story of America’s cities has been told. He argues that conservatives and progressives embraced a similar narrative, describing the history of the American city as a series of failures spearheaded by misguided or nefarious government bureaucracies
Katz argues, underlay the host of market-based initiatives introduced in American cities in the past several decades, such as microfinance and asset accumulation

Summary

Introduction

Review of The Money Laundry: Regulating Criminal Finance in the Global Economy, by J. The Money Laundry: Regulating Criminal Finance in the Global Economy. Why, when the world’s financial elites suspect that these policies are ineffective, and cost more in regulatory and compliance effort than they save by preventing money laundering, would so many countries jump on the bandwagon?

Results

Conclusion