In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism--with its bewildering array of new instruments--by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing...
In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism--with its bewildering ...
In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism--with its bewildering array of new instruments--by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious...
In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism--with its bewildering arr...
In ihrer jüngsten Zuspitzung hat die Finanzkrise zu einer Sklerose politischer Entscheidungsprozesse, zu einer regelrechten Krise des Regierens geführt: Von den hektischen Verhandlungen über die Rettung von Lehman Brothers im September 2008 bis zu den Diktaten europäischer Krisenpolitik haben Expertenkomitees, improvisierte Gremien oder Troikas die Regierungsgeschäfte übernommen und wurden ausschließlich durch außerordentliche Ereignisse und Ausnahmefälle legitimiert. Diese Notstandspolitik belegt die Effizienz einer Entscheidungsmacht, die sich in Konsortien aus politischen und...
In ihrer jüngsten Zuspitzung hat die Finanzkrise zu einer Sklerose politischer Entscheidungsprozesse, zu einer regelrechten Krise des Regierens gefü...
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry.
In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a...
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a ...
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a rhetoric of emergency, ad hoc bodies have usurped democratically elected governments. In line with the neoliberal credo, the recent crisis has been used to realize the politically impossible and to re-align executive power with the interests of the finance industry.
In this important book, Joseph Vogl offers a much longer perspective on these developments, showing how the dynamics of modern finance capitalism have always rested on a...
The global financial crisis of 2008 ushered in a system of informal decision-making in the grey zone between economics and politics. Legitimized by a ...
