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Finance Capital Today
- Corporations and Banks in the Lasting Global Slump
Engelsk Paperback
Finance Capital Today
- Corporations and Banks in the Lasting Global Slump
Engelsk Paperback

411 kr
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Om denne bog
Short-listed for the The Isaac and Tamara Deutscher Memorial Prize.
 

Across the world, economic recovery, growth and investment are – at best – slow. At the same time, shares, derivatives and other financial instruments are traded in vast quantities with unprecedented rapidity. In accounting for this divergence between the apparent fortunes of the underlying ‘real’ economy and the world of finance, both mainstream and Marxist economists have offered varying answers.

Finance Capital Today enters this debate, providing a rich new analysis of the specific features of contemporary capitalism. Utilising Marx’s theory of interest-bearing and fictitious capital and highlighting the increasing concentration and centralisation of capital within a truly global system, Chesnais argues against those who attribute the current sluggish state of the world economy exclusively to a ‘crisis of financialisation’ or ‘financialised capitalism’. Instead, we are faced with a crisis of capitalism tout court, in which large amounts of capital are looking for profitable investment in a setting of underlying overproduction and low profits. The outcome will be low global growth, repeated financial shocks and the growing interconnection between the environmental and economic crises.

Product detaljer
Sprog:
Engelsk
Sider:
310
ISBN-13:
9781608468270
Indbinding:
Paperback
Udgave:
ISBN-10:
1608468275
Udg. Dato:
2 jan 2018
Længde:
20mm
Bredde:
229mm
Højde:
154mm
Forlag:
Haymarket Books
Oplagsdato:
2 jan 2018
Forfatter(e):
Kategori sammenhænge