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Author: Cédric Durand
Publisher: Verso Books
ISBN: 1784787213
Category : Political Science
Languages : en
Pages : 177
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Book Description
How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power. Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.
Author: Cédric Durand
Publisher: Verso Books
ISBN: 1784787213
Category : Political Science
Languages : en
Pages : 177
Get Book Here
Book Description
How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power. Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.
Author: Karl Marx
Publisher: Good Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 1544
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Book Description
Karl Marx's 'The Capital' is a groundbreaking work that explores the economic system of capitalism and its impact on society. Written in a dense and scholarly style, the book delves deep into the intricacies of capitalist production, exposing the exploitation of labor and the accumulation of wealth by the bourgeoisie. Marx's analysis is rooted in historical context, drawing on classical political economy and dialectical materialism to argue for the inevitable downfall of capitalism. His critique of the mode of production and capitalist relations of production remains influential in the study of economics and sociology. The Capital is a seminal work that continues to shape discussions on class struggle and economic inequality. Karl Marx, a German philosopher and economist, was deeply passionate about social justice and economic equality. His experiences living through the industrial revolution and witnessing the harsh realities of capitalism motivated him to write The Capital. Marx's revolutionary ideas laid the foundation for modern socialism and communism. I recommend The Capital to readers interested in understanding the economic mechanisms of capitalism and the implications for society.
Author: Peter Lewin
Publisher: Taylor & Francis
ISBN: 0429633181
Category : Business & Economics
Languages : en
Pages : 163
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Book Description
This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to capital theory remains unexplored. It is the first book to comprehensively study this financial application, which also includes modern financial tools such as Economic Value Added (EVA®). A financial application to the problem of the average period of production includes two discussions that unfold naturally from this application. The first one relates to the dual meaning of capital, one as a monetary fund and the other one as physical (capital) goods. The second concerns its implications for business-cycle theories. This second topic (1) provides a solid financial microeconomic foundation for business cycles and, also (2) makes it easy to compare different business-cycle theories across the average period of production dimension. By clarifying the obscure concept of average period of production, the authors make it easier to analyze the similarities with and differences from other business-cycle theories. By connecting finance with capital theory, they provide a new point of view and analysis of the long-standing problems in capital theory as well as other related topics such as the use of neoclassical production functions and theorizing about business cycles. Finally, they emphasize that the relevance of their application rests on both its policy implications and its contributions to contemporary economic theory.
Author: Shadworth Hollway Hodgson
Publisher:
ISBN:
Category :
Languages : en
Pages : 520
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Book Description
Author: Karl Marx
Publisher: DigiCat
ISBN:
Category : Business & Economics
Languages : en
Pages : 1644
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Book Description
Karl Marx's magnum opus, 'The Capital', is a monumental work that delves into the complexities of capitalist society and economic systems. Comprised of three volumes, this influential text not only analyzes the economic structure of capitalism but also critiques the exploitation of labor and the resulting class struggle. Marx's writing style is scholarly and rigorous, drawing on a wide range of economic, political, and philosophical theories to support his arguments. Within the context of 19th-century Europe, 'The Capital' stands as a cornerstone of Marxist thought and remains a pivotal text in the study of political economy and social theory. It is a thorough exploration of capitalism's inherent contradictions and the potential for revolutionary change. Recommended for readers interested in delving into the intricacies of economic systems and the critique of capitalism.
Author: Laurent L. Jacque
Publisher: John Wiley & Sons
ISBN: 1118781864
Category : Business & Economics
Languages : en
Pages : 885
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Book Description
A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, international and domestic finance have become almost inseparably intertwined. It's increasingly difficult to understand what is happening in capital markets without a firm grasp of currency markets, the investment strategies of sovereign wealth funds, carry trade, and foreign exchange derivatives products. International Corporate Finance offers thorough coverage of the international monetary climate, including Islamic finance, Asian banking, and cross-border mergers and acquisitions. Additionally, the book offers keen insight on global capital markets, equity markets, and bond markets, as well as foreign exchange risk management and how to forecast exchange rates. Offers a comprehensive discussion of the current state of international corporate finance Provides simple rules and pragmatic answers to key managerial questions and issues Includes case studies and real-world decision-making situations For anyone who wants to understand how finance works in today's hyper-connected global economy, International Corporate Finance is an insightful, practical guide to this complex subject.
Author:
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 1048
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Book Description
Author: Charles Moran
Publisher: New York ; London : D. Appleton
ISBN:
Category : Banks and banking
Languages : en
Pages : 240
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Book Description
Author: Karl Marx
Publisher: Good Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 1644
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Book Description
Karl Marx's 'The Capital (Vol. 1-3)' is a seminal work that delves into the intricacies of capitalism, exploring the economic relationships between labor, commodities, and capital. Written in a complex yet engaging literary style, Marx's analysis illuminates the exploitation inherent in capitalist systems and offers a critique of the inequalities it perpetuates. The book's historical and social context, published in the mid-19th century, reflects the industrial revolution and the emergence of modern capitalism, making it a key text in the development of Marxist theory. Marx's use of empirical data and theoretical frameworks sets 'The Capital' apart as a foundational text in the realms of political economy and social criticism. As an influential figure in the socialist movement, Marx's insights continue to inform debates on class struggle and economic structures in contemporary society. 'The Capital' is essential reading for anyone interested in understanding the roots of capitalist exploitation and the potential for social transformation.
Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 1188
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Book Description
