A Political Economy of Contemporary Capitalism and its Crisis : Demystifying Finance

ISBN-13: 9780415684088 / Angielski / Twarda / 2013 / 288 str.

Sotiropoulos, Dimitris P.|||Milios, John|||Lapatsioras, Spyros

Opis

The recent financial meltdown and the resulting global recession have rekindled discussions and debates regarding the contemporary organisation of capitalism. This book analyses the on-going financialisation of the economy as a development within capitalism, and explores the ways in which it has changed the organisation of capitalist power.

Spis treści

Introduction  Part I: The Long Tradition of Finance as a Counter-Productive Activity in Heterodox Thinking: A Marxian appraisal  1. The Parasitic Absentee Owner in the Keynes-Veblen-Proudhon Tradition  2. Ricardian Marxism and Finance as Unproductive Activity  3. Is Finance Productive or ‘Parasitic’?  Part II: Financial Innovation, Money and Capitalist Exploitation: A short detour in the history of economic ideas  4. Derivatives as Money? A short detour in the history of economic ideas  5. Finance, Discipline and Social Behavior: Tracing the terms of a problem that was never properly stated  Part III: Rethinking Finance: A Marxian analytical framework  6. Episodes in Finance  7. Fictitious Capital and Finance: An introduction to Marx’s analysis (in the third volume of Capital)  8. Financialization as a Technology of Power: Incorporating risk into the Marxian framework  Part IV: The Crisis of the Euro Area  9. Towards a Political Economy of Monetary Unions: Revisiting the crisis of the Euro area  10. European Governance and its Contradictions  Conclusions