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 latest capitalism.
This booklet analyses the continuing 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 supply an interpretation of the position of the monetary sphere which screens a amazing 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 relatives, arguing that the method of financialization is in truth completely unthinkable within the absence of derivatives.
The booklet additionally makes use of Marx’s techniques and a few of the arguments built within the framework of the ancient Marxist controversies on monetary crises so one can achieve an perception into the fashionable neoliberal kind of capitalism and the hot monetary trouble. using a sequence of overseas case reviews, this e-book can be crucial examining for all people with an curiosity within the monetary main issue, and all these trying 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