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The Parasitic Absentee Owner In The Keynes-veblen-proudhon Tradition -- Ricardian Marxism And Finance As Unproductive Activity -- Is Finance Productive Or Parasitic? -- Derivatives As Money? -- Finance, Discipline, And Social Behavior: Tracing The Terms Of A Problem That Was Never Properly Stated -- Episodes In Finance -- Fictitious Capital And Finance: An Introduction To Marx's Analysis (in The Third Volume Of Capital) -- Financialization As A Technology Of Power: Incorporating Risk Into The Marxian Framework -- Towards A Political Economy Of Monetary Unions: Revisiting The Crisis Of The Euro Area -- European Governance And Its Contradictions -- Conclusion: A Theoretical And Political Project For The Future. Dimitris P. Sotiropoulos, John Milios, And Spyros Lapatsioras. Includes Bibliographical References (p.248-258) And Index.
This book investigates the structural role of finance within contemporary capitalism and seeks to demystify its function as a potentially parasitic force rather than a productive one. The authors, Dimitris P. Sotiropoulos, John Milios, and Spyros Lapatsioras, utilize a Marxian theoretical framework to analyze the evolution of financial systems, the nature of fictitious capital, and the mechanisms of power inherent in modern financialization. By revisiting classical economic traditions and applying them to current crises, the text challenges mainstream assumptions regarding the stability and necessity of contemporary financial markets.
What You Will Find
Experts recognize this work as a rigorous contribution to heterodox economic theory, particularly for its application of Ricardian Marxism to modern financial structures. Readers frequently note the academic density of the prose, which requires a foundational understanding of political economy to fully grasp the authors' arguments.
Page Count:
0
Publication Date:
2013-01-01
Publisher:
Taylor & Francis Group
ISBN-10:
0415684080
ISBN-13:
9780203771297
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