By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The fresh monetary meltdown and the ensuing international recession have rekindled debates in regards to the nature of latest capitalism.
This publication 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 energy. The authors supply an interpretation of the function of the monetary sphere which screens a awesome distinction to the vast majority of modern heterodox techniques. Their interpretation stresses the the most important position of monetary derivatives within the modern association of capitalist energy relatives, arguing that the method of financialization is in reality completely unthinkable within the absence of derivatives.
The e-book additionally makes use of Marx’s ideas 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 fashionable neoliberal kind of capitalism and the hot monetary predicament. utilizing a chain of overseas case reports, this ebook can be crucial interpreting for all people with an curiosity within the monetary problem, and all these looking 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