ENGLISH

Profiting without producing: how finance exploits us all

By Costas , Lapavitsas

Book information

Publisher
Verso Books
ISBN
9781781681411, 9781781682463, 9781781681978, 9781781685068, 1781681414, 1781682461
Language
english
Format
EPUB
Filesize
8 MB (8158767 bytes)
Pages
xvii, 393 p\0
Time added
2020-07-26 19:24:52
Crises financières;Économie politique et politique

Description

"Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance"--

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