Financialisation In Crisis: Historical Materialism, Volume 32

Description

The on-going economic crisis commenced in the sphere of finance, spread into production lines and quickly became a global recession. In Financialisation in Crisis, several well-known political economists draw on the insights of Marxist and other heterodox economics to argue that the turmoil of 2007-2009 represents a crisis of financialised capitalism, and is thus systemic and unusual. The book puts the crisis in its appropriate context, drawing on Marxist and other unorthodox economics to cast light on the broader implications of financialisation for society.

Costas Lapavitsas: is Professor of Economics at the School of Oriental and African Studies. He has published extensively on the political economy of money and finance. His publications include Social Foundations of Markets, Money and Credit (Routledge, 2003).