Finance, Accumulation and Monetary Power: Understanding Financial Socialism in Advanced Capitalist Economies - Softcover

Woodley, Daniel

Softcover

ISBN 10: 0367338521 ISBN 13: 9780367338527

Publisher: Routledge, 2019

Synopsis

This accessible yet rigorous book examines the development of ‘financial socialism’ in advanced capitalist economies in the decade since the global financial crisis of 2007–2009. This new term refers to an attempt to resolve the accumulation crisis of capital through coordinated central bank activism, where state circuits of monetary capital assume a critical role in the reproduction of capitalist social relations.

The book explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy. Their failure to re-engineer growth following the technology boom of the late 1990s and the global financial crisis are driving fundamental changes in the form and function of capitalist money, which have yet to be theorized adequately.

Finance, Accumulation and Monetary Power presents a revealing and radical critique of the failure of the International Political Economy to apprehend changes taking place within capitalism, employing a critical-theoretical analysis of contradictions in the capitalist reproduction scheme. The book will be of key interest to scholars, students and readers of international political economy, critical political economy, heterodox economics, globalization, international relations, international political sociology, business studies and finance.

About this title

About the Author

Daniel Woodley teaches Politics at DLD College in London, UK, and is the author of numerous books and articles on political theory and international politics, including Fascism and Political Theory (2010) and Globalization and Capitalist Geopolitics (2015).

Edition details

• Publisher: Routledge
• Publication date: 2019
• Language: English
• ISBN 10: 0367338521
• ISBN 13: 9780367338527
• Binding: Paperback
• Edition number: 1
• Number of pages: 246