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Profiting Without Producing: How Finance Exploits Us All

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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:
9781781682463
Author:
Lapavitsas, Costas
Publisher:
Verso
Subject:
Economic Policy
Subject:
Politics - General
Copyright:
Publication Date:
20140231
Binding:
HARDCOVER
Language:
English
Pages:
416
Dimensions:
9.3 x 6.15 x 1.1 in 1.54 lb

Related Subjects

Business » Accounting and Finance
History and Social Science » Economics » General
History and Social Science » Politics » General

Profiting Without Producing: How Finance Exploits Us All New Hardcover
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