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This title in other editions

Profiting Without Producing: How Finance Exploits Us All

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Profiting Without Producing: How Finance Exploits Us All Cover

 

Synopses & Reviews

Publisher Comments:

Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining 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 from households through financial expropriation. Financialized capitalism is also 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.

About the Author

Costas 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.

Product Details

ISBN:
9781781681411
Author:
Lapavitsas, Costas
Publisher:
Verso
Subject:
Economic Policy
Subject:
Politics - General
Edition Description:
Trade paper
Publication Date:
20140131
Binding:
TRADE PAPER
Language:
English
Pages:
416
Dimensions:
9.17 x 6.02 x 1.24 in 1.38 lb

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