Profiting without producing: how finance exploits us all
Lapavitsas, Costas
Profiting without producing: how finance exploits us all Lapavitsas, Costas - London Verso 2013 - xvii, 393 p.
Financialization is one of the most innovative concepts to emerge in the field of political economy in the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing defines 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 directly from households through financial expropriation.
Financialized capitalism is 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.
9781781681411
Finance - Economic policy
Financial crises
Economics - Political aspects
Political science - Public policy - Economic policy
Business & Economics - Economics - Theory
332 / L2P7
Profiting without producing: how finance exploits us all Lapavitsas, Costas - London Verso 2013 - xvii, 393 p.
Financialization is one of the most innovative concepts to emerge in the field of political economy in the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing defines 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 directly from households through financial expropriation.
Financialized capitalism is 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.
9781781681411
Finance - Economic policy
Financial crises
Economics - Political aspects
Political science - Public policy - Economic policy
Business & Economics - Economics - Theory
332 / L2P7