Global Crisis and Reproduction of Capital
Book information
Description
This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism, and why fiscal and monetary policies pursued in its wake have failed to rejuvenate economies. With an innovative interpretation of the crisis and a focus on 'toxic capital’ – a sub-division of Karl Marx’s concept of fictitious capital – Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation. Front Matter ....Pages i-xi Introduction (Stavros Tombazos)....Pages 1-11 Profitability, Accumulation and Industrial Capital (Stavros Tombazos)....Pages 13-28 Private Consumption, Wage Share of GDP and Reproduction Schemas (Stavros Tombazos)....Pages 29-44 Money Capital, Fictitious Capital and “Toxic” Capital (Stavros Tombazos)....Pages 45-59 Economic Policies and Economic Perspectives (Stavros Tombazos)....Pages 61-78 Conclusion (Stavros Tombazos)....Pages 79-85 Back Matter ....Pages 87-90
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