Financialisation in crisis

Author(s)

• Lapavitsas, Costas

Bibliographic Information

Financialisation in crisis

edited by Costas Lapavitsas

（Historical materialism book series, 32）

Brill, 2012

• : hardback

Note

Includes bibliographical references (p. [243]-257) and index

Description and Table of Contents

Description

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.

Table of Contents

List of Tables and Figures Introduction: A Crisis of Financialisation, Costas Lapavitsas PART I: DOMESTIC FINANCIALISATION AND THE ROOTS OF THE CRISIS 1. Financialised Capitalism: Crisis and Financial Expropriation, Costas Lapavitsas 2. The Political Economy of the Subprime Meltdown, Gary Dymski 3. On the Content of Banking in Contemporary Capitalism, Paulo L. Dos Santos 4. Central Banking in Contemporary Capitalism: The Limits of Monetary Policy, Demophanos Papadatos PART II: INTERNATIONAL FINANCIALISATION AND THE GLOBAL IMPACT OF THE CRISIS 5. On the Historical Significance and Social Costs of the Subprime Financial Crisis: A Comparison with Japan, Makoto Itoh 6. Oil and Finance in the Global Markets, Carlos Morera Camacho and Jose Antonio Rojas Nieto 7. Developing Countries in the Era of Financialisation: From Deficit Accumulation to Reserve Accumulation, Juan Pablo Painceira 8. Global Integration of Middle-Income Developing Countries in the Era of Financialisation: The Case of Turkey, Nuray Ergunes References Notes on Contributors Index

by "Nielsen BookData"

• NCID: BB08691777
• ISBN:
  • 9789004201071
• LCCN: 2011023482
• Country Code: ne
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Leiden
• Pages/Volumes: xv, 260 p.
• Size: 25 cm
• Classification:
  • DC22 : 330.90511
• Subject Headings:
  • LCSH : Global Financial Crisis, 2008-2009
  • LCSH : Finance
• Parent Bibliography ID:
  • BA60689706