By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The fresh monetary meltdown and the ensuing worldwide recession have rekindled debates in regards to the nature of up to date capitalism.
This booklet analyses the continued financialization of the economic system as a improvement inside capitalism, and explores the ways that it has replaced the association of capitalist energy. The authors supply an interpretation of the position of the monetary sphere which monitors a impressive distinction to nearly all of modern heterodox ways. Their interpretation stresses the the most important function of economic derivatives within the modern association of capitalist energy kinfolk, arguing that the method of financialization is actually fullyyt unthinkable within the absence of derivatives.
The publication additionally makes use of Marx’s options and a few of the arguments constructed within the framework of the ancient Marxist controversies on financial crises that allows you to achieve an perception into the trendy neoliberal type of capitalism and the new monetary difficulty. applying a chain of overseas case reviews, this e-book should be crucial examining for all people with an curiosity within the monetary challenge, 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