By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The contemporary monetary meltdown and the ensuing international recession have rekindled debates in regards to the nature of latest capitalism.
This ebook analyses the continuing financialization of the financial system as a improvement inside of capitalism, and explores the ways that it has replaced the association of capitalist energy. The authors provide an interpretation of the function of the monetary sphere which screens a outstanding distinction to the vast majority of modern heterodox techniques. Their interpretation stresses the the most important function of monetary derivatives within the modern association of capitalist strength kinfolk, arguing that the method of financialization is actually totally unthinkable within the absence of derivatives.
The booklet additionally makes use of Marx’s techniques and a few of the arguments built within the framework of the ancient Marxist controversies on financial crises on the way to achieve an perception into the trendy neoliberal kind of capitalism and the hot monetary main issue. utilizing a chain of foreign case stories, this booklet could be crucial studying for all people with an curiosity within the monetary concern, and all these trying to understand the workings of capitalism.
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Extra info for A Political Economy of Contemporary Capitalism and its Crisis: Demystifying Finance (Routledge Frontiers of Political Economy)
A Political Economy of Contemporary Capitalism and its Crisis: Demystifying Finance (Routledge Frontiers of Political Economy) by Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras