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A Political Economy of Contemporary Capitalism and Its Crisis: Demystifying Finance

Sotiropoulos, Dimitris; Milios, John and Lapatsioras, Spyros (2013). A Political Economy of Contemporary Capitalism and Its Crisis: Demystifying Finance. Routledge Frontiers of Political Economy. London: Routledge.

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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.

Item Type: Book
Copyright Holders: 2013 Dimitris P. Sotiropoulos, John Milios and Spyros Lapatsioras
ISBN: 0-415-68408-0, 978-0-415-68408-8
Academic Unit/School: Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL)
Research Group: Innovation, Knowledge & Development research centre (IKD)
Related URLs:
Item ID: 38531
Depositing User: Dimitris Sotiropoulos
Date Deposited: 25 Sep 2013 11:24
Last Modified: 07 Dec 2018 10:19
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