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 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 strength. The authors supply an interpretation of the function of the monetary sphere which screens a remarkable distinction to the vast majority of modern heterodox ways. Their interpretation stresses the an important position of monetary derivatives within the modern association of capitalist energy relatives, arguing that the method of financialization is in reality fullyyt unthinkable within the absence of derivatives.
The e-book additionally makes use of Marx’s strategies and a few of the arguments built within the framework of the old Marxist controversies on fiscal crises that allows you to achieve an perception into the trendy neoliberal type of capitalism and the hot monetary challenge. using a sequence of foreign case reviews, this booklet might be crucial studying for all people with an curiosity within the monetary main issue, 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