• Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Beyond Mainstream Explanations of the Financial Crisis: Parasitic Finance Capital

Beyond Mainstream Explanations of the Financial Crisis: Parasitic Finance Capital

Hardcover

Series: Routledge Frontiers of Political Economy, Book 185

AccountingEconomicsInvesting & Finance

ISBN10: 0415638062
ISBN13: 9780415638067
Publisher: Routledge
Published: Apr 15 2014
Pages: 188
Weight: 0.90
Height: 0.60 Width: 6.20 Depth: 9.20
Language: English

This book provides a critique of the neoclassical explanations of the 2008 financial collapse, of the ensuing long recession and of the neoliberal austerity responses to it.

The study argues that while the prevailing views of deregulation and financialization as instrumental culprits in the explosion and implosion of the financial bubble are not false, they fail to point out that financialization is essentially an indication of an advanced stage of capitalist development. These standard explanations tend to ignore the systemic dynamics of the accumulation of finance capital, the inherent limits to that accumulation, production and division of economic surplus, class relations, and the balance of social forces that mold economic policy.

1 different editions

Also available

Also in

Accounting