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ERIC Number: ED610494
Record Type: Non-Journal
Publication Date: 2020-Sep
Pages: 26
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Social Circuitry of High Finance: Universities and Intimate Ties among Economic Elites. Research & Occasional Paper Series: CSHE.11.2020
Eaton, Charlie; Gibadullina, Albina
Center for Studies in Higher Education
Financiers have regained preeminence among economic elites, accruing growing shares of income and wealth. Yet network analyses have shown a decline in the bank-based interlocks between corporate boards that were once thought to foster financier power and elite cohesion. We ask if social organizations parallel to the economy provide a circuitry that connects financiers to other elites, despite growing complexity and fragmentation in finance. We develop and test hypotheses that apply the theory to elite university social ties using original data on degree holding among the "Forbes" 400 wealthiest Americans and on the financial affiliations of all trustees on the boards of 60 top ranked U.S. universities.
Center for Studies in Higher Education. University of California, Berkeley, 771 Evans Hall #4650, Berkeley, CA 94720-4650. Tel: 510-642-5040; Fax: 510-643-6845; e-mail: cshe@berkeley.edu; Web site: http://cshe.berkeley.edu/
Publication Type: Reports - Research
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: University of California, Berkeley. Center for Studies in Higher Education
Grant or Contract Numbers: N/A