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- DescriptionAs financial markets expand and continue to refashion the world in their own image, the wealth of capitalist societies longer presents itself, as it did to Karl Marx in the nineteenth century, as a monstrous collection of commodities. Instead, it appears as an equally monstrous collection of financial securities, and the critique of political ecomy must proceed accordingly. But what would it mean to write Capital in the twenty-first century? Are we really to believe that risk, rather than labor, is w regarded as the true fount of ecomic value? Can it truly be the case that the credit relation -- at least in the global North -- has replaced the wage relation as the key site of exploitation and political struggle? And finally, if precarity is indeed the name of today's proletarian condition, what possible future does it actually portend, what analysis does it require? Through a series of creative substitutions, in Portfolio Society Ivan Ascher extends Marx's critical project in bold and unexpected ways. Ascher t only explains some of the often mystifying processes of contemporary finance, he also invites us to consider what becomes of capitalism itself in those places where the relation of capital to its own future is w mediated by financial markets. In the end, we may find that much has changed and much has t; relations of domination endure, and mystifications abound, but the devil is in the details, and that is where Ascher directs our attention. At once a critique of modern finance and of the societies under its spell, Portfolio Society succeeds in revealing the potential limits of Capital, while reveling still in its limitless potential.
- Author BiographyIvan Ascher is Assistant Professor of Political Science at the University of Wisconsin, Milwaukee.
- Author(s)Ivan Ascher
- PublisherZone Books
- Date of Publication07/10/2016
- SubjectEconomics: Professional & General
- Place of PublicationNew York
- Country of PublicationUnited States
- ImprintZone Books
- Weight362 g
- Width164 mm
- Height211 mm
- Spine18 mm
- Interest AgeFrom 18
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