Profiting Without Producing

How Finance Exploits Us All

AvCostas Lapavitsas

Häftad, Engelska, 2013

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Beskrivning

Financialization is one of the most innovative concepts to emerge in the field of political economy in the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing defines 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 directly from households through financial expropriation. Financialized capitalism is prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.

Produktinformation

Utgivningsdatum:2013-11-05
Mått:154 x 234 x 32 mm
Vikt:619 g
Format:Häftad
Språk:Engelska
Antal sidor:352
Förlag:Verso Books
ISBN:9781781681411

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap
Finanskriser inom Ekonomi och Ledarskap

Mer om författaren

Costas Lapavitsas is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He is the lead author of the new RMF report Breaking Up? A Route Out of the Eurozone Crisis. His previous publications include Crisis in the Eurozone; Social Foundations of Markets; Money and Credit; and Political Economy of Money and Finance.

Recensioner i media

This book is a profound and panoramic study of the most powerful but destructive economic force of our time - financialization. Based on a sophisticated modern reinterpretation of Marxist theories and in depth empirical analysis, the book comes up with bold and fundamental reform proposals. It is a must-read for anyone who is committed to progressive economic and social transformation.