By Dimitris P Sotiropoulos,John Milios,Spyros Lapatsioras
The contemporary monetary meltdown and the ensuing worldwide recession have rekindled debates in regards to the nature of up to date capitalism.
This e-book analyses the continued financialization of the financial system as a improvement inside 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 notable distinction to the vast majority of modern heterodox techniques. Their interpretation stresses the the most important function of monetary derivatives within the modern association of capitalist energy family, arguing that the method of financialization is actually solely unthinkable within the absence of derivatives.
The e-book additionally makes use of Marx’s ideas and a few of the arguments constructed within the framework of the old Marxist controversies on financial crises so that it will achieve an perception into the fashionable neoliberal kind of capitalism and the hot monetary drawback. utilizing a sequence of overseas case reviews, this ebook could be crucial interpreting for all people with an curiosity within the monetary hindrance, and all these looking to understand the workings of capitalism.
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Extra 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