The on-going economic crisis commenced in the sphere of finance, spread into production lines and quickly became a global recession. In Financialisation in Crisis, several well-known political economists draw on the insights of Marxist and other heterodox economics to argue that the turmoil of 2007-2009 represents a crisis of financialised capitalism, and is thus systemic and unusual. The book puts the crisis in its appropriate context, drawing on Marxist and other unorthodox economics to cast light on the broader implications of financialisation for society.
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Bringing together well-known political-economists this volume puts the crisis into perspective by analyzing the domestic and international aspects of financialisation.
List of Tables and Figures
Introduction: A Crisis of Financialisation, Costas Lapavitsas


PART I: DOMESTIC FINANCIALISATION AND THE ROOTS OF THE CRISIS

1. Financialised Capitalism: Crisis and Financial Expropriation, Costas Lapavitsas

2. The Political Economy of the Subprime Meltdown, Gary Dymski

3. On the Content of Banking in Contemporary Capitalism, Paulo L. Dos Santos

4. Central Banking in Contemporary Capitalism: The Limits of Monetary Policy, Demophanos Papadatos


PART II: INTERNATIONAL FINANCIALISATION AND THE GLOBAL IMPACT OF THE CRISIS

5. On the Historical Significance and Social Costs of the Subprime Financial Crisis: A Comparison with Japan, Makoto Itoh

6. Oil and Finance in the Global Markets, Carlos Morera Camacho and José Antonio Rojas Nieto

7. Developing Countries in the Era of Financialisation: From Deficit Accumulation to Reserve Accumulation, Juan Pablo Painceira

8. Global Integration of Middle-Income Developing Countries in the Era of Financialisation: The Case of Turkey, Nuray Ergünes

References
Notes on Contributors
Index
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More than twenty years after the collapse of the Berlin Wall and the disappearance of Marxism as a (supposed) state ideology, this peer-reviewed book series attempts to meet the need for a serious and long-term Marxist book publishing program by releasing original monographs, newly translated texts, and reprints of "classics."
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Produktdetaljer

ISBN
9781608462377
Publisert
2013-08-13
Utgiver
Vendor
Haymarket Books
Vekt
388 gr
Høyde
228 mm
Bredde
152 mm
Aldersnivå
01, G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
260

Forfatter

Om bidragsyterne

Costas Lapavitsas: is Professor of Economics at the School of Oriental and African Studies. He has published extensively on the political economy of money and finance. His publications include Social Foundations of Markets, Money and Credit (Routledge, 2003).