By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The contemporary monetary meltdown and the ensuing international recession have rekindled debates concerning the nature of latest capitalism.
This publication analyses the continued financialization of the economic climate as a improvement inside of 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 screens a outstanding distinction to nearly all of modern heterodox methods. Their interpretation stresses the the most important function of monetary derivatives within the modern association of capitalist strength family members, arguing that the method of financialization is actually completely unthinkable within the absence of derivatives.
The ebook additionally makes use of Marx’s thoughts and a few of the arguments constructed within the framework of the old Marxist controversies on fiscal crises which will achieve an perception into the fashionable neoliberal type of capitalism and the new monetary situation. making use of a chain of foreign case stories, this booklet may be crucial examining for all people with an curiosity within the monetary trouble, and all these looking to understand the workings of capitalism.
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Extra resources 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