Financialisation in Crisis (Historical Materialism, 32) - Hardcover

Hardcover

ISBN 10: 9004201076 ISBN 13: 9789004201071

Publisher: Brill Academic Pub, 2012

Synopsis

The turmoil of 2007-2009 is a crisis of financialised capitalism, and for this reason it is systemic and unusual. The crisis commenced in the sphere of finance, spread to production, and then became a world recession. Its unusual character is apparent since never before has a global economic crisis been triggered by banks lending to workers to buy houses. Moreover, state intervention to forestall the crisis becoming a major depression has been unprecedented. This book brings together several well-known political economists to analyse the domestic and international aspects of financialisation, thus putting the crisis in its appropriate context. It draws on Marxist and other heterodox economics to cast light on the broader implications of financialisation and crisis for society.

About this title

About the Author:

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).

About this edition

• Publisher: Brill Academic Pub
• Publication date: 2012
• ISBN 10: 9004201076
• ISBN 13: 9789004201071
• Binding: Hardcover
• Number of pages: 260
• Editor: Lapavitsas Costas