By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The fresh monetary meltdown and the ensuing international recession have rekindled debates concerning the nature of latest capitalism.
This e-book analyses the continuing financialization of the economic climate as a improvement inside of capitalism, and explores the ways that it has replaced the association of capitalist strength. The authors provide an interpretation of the position of the monetary sphere which screens a outstanding distinction to the vast majority of modern heterodox methods. Their interpretation stresses the an important function of monetary derivatives within the modern association of capitalist strength kin, arguing that the method of financialization is actually totally unthinkable within the absence of derivatives.
The publication additionally makes use of Marx’s innovations and a few of the arguments constructed within the framework of the historical Marxist controversies on financial crises so one can achieve an perception into the trendy neoliberal kind of capitalism and the new monetary hindrance. utilising a chain of overseas case reports, this publication should be crucial interpreting for all people with an curiosity within the monetary obstacle, 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