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- DescriptionFinancialization is one of the most invative concepts to emerge in the field of political ecomy during the last three decades, although there is agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of n-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, ne 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.
- Author BiographyCostas Lapavitsas is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He is the lead author of the new RMF report Breaking Up? A Route Out of the Eurozone Crisis. His previous publications include Crisis in the Eurozone; Social Foundations of Markets; Money and Credit; and Political Economy of Money and Finance.
- Author(s)Costas Lapavitsas
- PublisherVerso Books
- Date of Publication28/10/2013
- SubjectEconomics: Professional & General
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- ImprintVerso Books
- Content Notefigures
- Weight612 g
- Width156 mm
- Height235 mm
- Spine33 mm
- Format DetailsTrade paperback (US)
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