A Political Economy of Contemporary Capitalism and its Crisis (Routledge Frontiers of Political Economy)

Dimitris Sotiropoulos, John Milios, Spyros Lapatsioras

ISBN 10: 1138901113 / ISBN 13: 9781138901117

Published by Routledge 2015-05-22, 2015

About this Item

Seller Inventory # 6666-IUK-9781138901117

Bibliographic Details

• Title: A Political Economy of Contemporary Capitalism and its Crisis (Routledge Frontiers of Political Economy)
• Publisher: Routledge 2015-05-22
• Publication Date: 2015
• Language: English
• ISBN 10: 1138901113
• ISBN 13: 9781138901117
• Binding: Paperback
• Condition: New

About this title

Synopsis

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.

About the Author

Dimitris P. Sotiropoulos is Lecturer of Economics at Kingston University, London, UK.

John Milios is Professor of Political Economy and History of Economic Thought at the National Technical University of Athens, Greece.

Spyros Lapatsioras is Lecturer of the History of Economic Thought at the University of Crete, Greece.