Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007....
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is n...
The Ottoman Empire, as it approached its end, went through rapid economic and social development in the late nineteenth and early twentieth centuries. Profound changes took place in its European territories, particularly and prominently in Macedonia. In the decades before the First World War, industrial capitalism began to emerge in Ottoman Macedonia and its impact was felt across society. The port city of Salonica was at the epicentre of this transformation, led by its Jewish community. But the most remarkable site of development was found deep in provincial Macedonia, where...
The Ottoman Empire, as it approached its end, went through rapid economic and social development in the late nineteenth and early twentieth centuries....
