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 ebook analyses the continuing financialization of the economic climate as a improvement inside capitalism, and explores the ways that it has replaced the association of capitalist strength. The authors supply an interpretation of the position of the monetary sphere which screens a extraordinary distinction to the vast majority of modern heterodox techniques. Their interpretation stresses the the most important function of economic derivatives within the modern association of capitalist strength relatives, arguing that the method of financialization is actually completely unthinkable within the absence of derivatives.
The booklet additionally makes use of Marx’s strategies and a few of the arguments constructed within the framework of the old Marxist controversies on financial crises that allows you to achieve an perception into the trendy neoliberal type of capitalism and the new monetary situation. using a chain of foreign case stories, this e-book might be crucial studying 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