By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The contemporary monetary meltdown and the ensuing international recession have rekindled debates concerning the nature of up to date capitalism.
This ebook 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 monitors a amazing distinction to nearly all of modern heterodox techniques. Their interpretation stresses the an important function of monetary derivatives within the modern association of capitalist energy family, arguing that the method of financialization is actually fullyyt unthinkable within the absence of derivatives.
The e-book additionally makes use of Marx’s recommendations and a few of the arguments constructed within the framework of the old Marxist controversies on financial crises in an effort to achieve an perception into the trendy neoliberal type of capitalism and the new monetary hindrance. applying a sequence of foreign case reports, this e-book can be crucial interpreting for all people with an curiosity within the monetary challenge, 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