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 of capitalism, and explores the ways that it has replaced the association of capitalist energy. The authors provide an interpretation of the position of the monetary sphere which screens a remarkable distinction to nearly all of modern heterodox ways. Their interpretation stresses the an important function of monetary derivatives within the modern association of capitalist strength family, arguing that the method of financialization is in reality fullyyt unthinkable within the absence of derivatives.
The booklet additionally makes use of Marx’s techniques and a few of the arguments constructed within the framework of the ancient Marxist controversies on monetary crises which will achieve an perception into the trendy neoliberal type of capitalism and the hot monetary trouble. utilising a chain of foreign case experiences, this booklet might be crucial examining for all people with an curiosity within the monetary quandary, and all these looking to understand the workings of capitalism.
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Additional 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