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Financialisation in crisis [electronic resource] / edited by Costas Lapavitsas.
- Format:
- Book
- Series:
- Historical materialism book series ; 32.
- Historical materialism book series, 1570-1522 ; v. 32
- Language:
- English
- Subjects (All):
- Financial crises.
- Global Financial Crisis, 2008-2009.
- Finance.
- International finance.
- Physical Description:
- 1 online resource (276 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Leiden ; Boston : Brill, 2012.
- Language Note:
- English
- Summary:
- 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.
- Contents:
- pt. 1. Domestic financialisation and the roots of the crisis
- pt. 2. International financialisation and the global impact of the crisis.
- Notes:
- Description based upon print version of record.
- Includes bibliographical references and index.
- ISBN:
- 1-280-12661-2
- 9786613530479
- 90-04-20108-4
- OCLC:
- 782907556
- Publisher Number:
- 10.1163/9789004201088 DOI
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