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A Political Economy of Contemporary Capitalism and its Crisis - Demystifying Finance (Paperback)
Loot Price: R1,739
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A Political Economy of Contemporary Capitalism and its Crisis - Demystifying Finance (Paperback)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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The recent financial meltdown and the resulting global recession
have rekindled debates regarding the nature of contemporary
capitalism. This book analyses the ongoing financialization of the
economy as a development within capitalism, and explores the ways
in which it has changed the organization of capitalist power. The
authors offer an interpretation of the role of the financial sphere
which displays a striking contrast to the majority of contemporary
heterodox approaches. Their interpretation stresses the crucial
role of financial derivatives in the contemporary organization of
capitalist power relations, arguing that the process of
financialization is in fact entirely unthinkable in the absence of
derivatives. The book also uses Marx's concepts and some of the
arguments developed in the framework of the historic Marxist
controversies on economic crises in order to gain an insight into
the modern neoliberal form of capitalism and the recent financial
crisis. Employing a series of international case studies, this book
will be essential reading for all those with an interest in the
financial crisis, and all those seeking to comprehend the workings
of capitalism.
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