Money and Capital

Money and Capital PDF Author: Laurent Baronian
Publisher: Taylor & Francis
ISBN: 0429523416
Category : Business & Economics
Languages : en
Pages : 315

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Book Description
This book renews the Marxian theory of the general equivalent by highlighting the contradiction between the social functions of money (unit of account, means of circulation) and its private functions (store of value, accumulation). It draws a clear distinction between the monetary base and the commodity base of money and thus avoids the confusion between money and credit on the one hand, and money and capital on the other, which are found in other heterodox monetary theories. It accounts for the new forms of monetary constraints weighing on the banking systems under and inconvertible fiat money standard, the class relationships underlying the interventions of monetary authorities and governments, and presents a definition of the state which emphasises its mode of intervention on the collective and social conditions of capitalisms which are money and labour power. The emphasis on the contradiction between these two types of monetary functions gives a more fundamental account of the conflict between the international role and the national origin of the dollar than the Triffin dilemma, which has been constantly overcome or deferred by the US since 1960. The author explains this evolution by demonstrating how, from the 1950s onwards, the dollar began a process of acquiring relative autonomy from the US economy. By focusing on the role and international functions of the dollar, he offers a fresh look at the 2008 crisis and its consequences for the international monetary system, but also for a possible post-capitalist financial system – which post-revolutionary Russia experimented with in the form of the NEP, and whose contemporary implementation is foreshadowed by the rise of digital central bank currencies. The book thereby provides a necessary update to the tools and concepts inherited from Marx for analysing and understanding money, capital and the state.

Money and Capital

Money and Capital PDF Author: Laurent Baronian
Publisher: Taylor & Francis
ISBN: 0429523416
Category : Business & Economics
Languages : en
Pages : 315

Get Book Here

Book Description
This book renews the Marxian theory of the general equivalent by highlighting the contradiction between the social functions of money (unit of account, means of circulation) and its private functions (store of value, accumulation). It draws a clear distinction between the monetary base and the commodity base of money and thus avoids the confusion between money and credit on the one hand, and money and capital on the other, which are found in other heterodox monetary theories. It accounts for the new forms of monetary constraints weighing on the banking systems under and inconvertible fiat money standard, the class relationships underlying the interventions of monetary authorities and governments, and presents a definition of the state which emphasises its mode of intervention on the collective and social conditions of capitalisms which are money and labour power. The emphasis on the contradiction between these two types of monetary functions gives a more fundamental account of the conflict between the international role and the national origin of the dollar than the Triffin dilemma, which has been constantly overcome or deferred by the US since 1960. The author explains this evolution by demonstrating how, from the 1950s onwards, the dollar began a process of acquiring relative autonomy from the US economy. By focusing on the role and international functions of the dollar, he offers a fresh look at the 2008 crisis and its consequences for the international monetary system, but also for a possible post-capitalist financial system – which post-revolutionary Russia experimented with in the form of the NEP, and whose contemporary implementation is foreshadowed by the rise of digital central bank currencies. The book thereby provides a necessary update to the tools and concepts inherited from Marx for analysing and understanding money, capital and the state.

Anthropocene and Cosmopolitan Citizenship

Anthropocene and Cosmopolitan Citizenship PDF Author: Guido Montani
Publisher: Taylor & Francis
ISBN: 1040022510
Category : Political Science
Languages : en
Pages : 164

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Book Description
Anthropocene and Cosmopolitan Citizenship criticizes the Westphalia system of international relations and, as an alternative, proposes cosmopolitan citizenship. The book offers a critique of the theory of international relations based on the Westphalian system and the principle of national sovereignty. At the end of the Second World War, the two superpowers agreed on a new international order that, to this day, has prevented a new world war. This era is over. The collapse of the Soviet Union and the economic and political affirmation of new international powers – such as China, India and Brazil – have generated a multipolar world, in which growing tensions between great and small powers are manifested, up to the threat of nuclear war. To this threat, a second one has been added: the possible collapse of the biosphere, an epoch called the Anthropocene, because the pollution of nature is suffocating the life of every living species on the Planet, including Homo sapiens. The United Nations can be viewed as the first step towards a post-Westphalian system, and the European Union represents an alternative model for peaceful relationships among national peoples. The book’s methodology draws on an interdisciplinary relationship between social sciences and nature sciences to provide a European foreign policy strategy that shows how the European Union can play a crucial role in current international politics, helping build a just world in harmony with nature, including by calling for a Global Green Deal and an Earth Constitution. The integration of the national peoples of the European Union shows that supranational citizenship is possible and that national independence is compatible with peaceful international interdependence. The author explores how this can be achieved and how alternatives have failed, with reference to federalism, ecologism, liberalism, democracy, socialism, nationalism, security and patriotism. This book will be of interest to scholars of international relations and European studies and activists, including ecologists, young people, federalists and members of political parties.

Sovereign Europe

Sovereign Europe PDF Author: Paolo Guerrieri
Publisher: Edward Elgar Publishing
ISBN: 1035341247
Category : Business & Economics
Languages : en
Pages : 141

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Book Description
This insightful book investigates the evolution of the European and global economy from the 1950s to present day, focusing in particular on the role of the EU in the new global environment where economy and security intersect.

Climate Change in Regional Perspective

Climate Change in Regional Perspective PDF Author: Andrea Ribeiro Hoffmann
Publisher: Springer Nature
ISBN: 303149329X
Category :
Languages : en
Pages : 195

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Book Description


The US–China Rift and Its Impact on Globalisation

The US–China Rift and Its Impact on Globalisation PDF Author: Raffaele Sciortino
Publisher: BRILL
ISBN: 9004694366
Category : Social Science
Languages : en
Pages : 326

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Book Description
Today, globalisation has entered a critical phase of slowdown. The asymmetrical US-China relationship that has been the fundamental axis up to now has entered into crisis. The financial imperialism of the dollar proves to be increasingly burdensome and destabilizing. The rise of capitalist China is questioning US imperialist levy. This book offers a comprehensive analysis of the looming confrontation, while identifying potential points of no return in the intertwined dynamics of the world market, geopolitical configurations, and class relationships. Neither contender can give up the game. Will there be a de-globalisation? Is a multipolar order realistic? Are we facing a Chinese hegemonic challenge or rather first signs that hint at the potential for systemic disintegration?

The Power of Creative Destruction

The Power of Creative Destruction PDF Author: Philippe Aghion
Publisher: Harvard University Press
ISBN: 0674971167
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
From one of the world’s leading economists and his coauthors, a cutting-edge analysis of what drives economic growth and a blueprint for prosperity under capitalism. Crisis seems to follow crisis. Inequality is rising, growth is stagnant, the environment is suffering, and the COVID-19 pandemic has exposed every crack in the system. We hear more and more calls for radical change, even the overthrow of capitalism. But the answer to our problems is not revolution. The answer is to create a better capitalism by understanding and harnessing the power of creative destruction—innovation that disrupts, but that over the past two hundred years has also lifted societies to previously unimagined prosperity. To explain, Philippe Aghion, Céline Antonin, and Simon Bunel draw on cutting-edge theory and evidence to examine today’s most fundamental economic questions, including the roots of growth and inequality, competition and globalization, the determinants of health and happiness, technological revolutions, secular stagnation, middle-income traps, climate change, and how to recover from economic shocks. They show that we owe our modern standard of living to innovations enabled by free-market capitalism. But we also need state intervention with the appropriate checks and balances to simultaneously foster ongoing economic creativity, manage the social disruption that innovation leaves in its wake, and ensure that yesterday’s superstar innovators don’t pull the ladder up after them to thwart tomorrow’s. A powerful and ambitious reappraisal of the foundations of economic success and a blueprint for change, The Power of Creative Destruction shows that a fair and prosperous future is ultimately ours to make.

A Theory of Capitalist Regulation

A Theory of Capitalist Regulation PDF Author: Michel Aglietta
Publisher: Verso Books
ISBN: 1784782408
Category : Political Science
Languages : en
Pages : 556

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Book Description
Aglietta's path-breaking book is the first attempt at a rigorous historical theory of the whole development of US capitalism, from the Civil War to the Carter presidency. A major document of the "Regulation School" of Marxist economics, it was received as the boldest book in its field since the classic studies of Paul Baran, Paul Sweezy and Harry Braverman. This edition includes a substantial new postface by Aglietta which brings regulation theory face to face with capitalism at the beginning of the new millennium.

The Gold Standard in Theory and Practice

The Gold Standard in Theory and Practice PDF Author: Ralph George Hawtrey
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
Based on lectures which Hawtrey delivered in 1926 for the Institute of Bankers, his book describes ...what [the Gold Standard] is, how it works, why it broke down, and what ought to be done.

Further Essays on Applied Economics

Further Essays on Applied Economics PDF Author: Nicholas Kaldor
Publisher: Holmes & Meier Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 284

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Book Description


Simulacra and Simulation

Simulacra and Simulation PDF Author: Jean Baudrillard
Publisher: University of Michigan Press
ISBN: 9780472065219
Category : Art
Languages : en
Pages : 174

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Book Description
Develops a theory of contemporary culture that relies on displacing economic notions of cultural production with notions of cultural expenditure. This book represents an effort to rethink cultural theory from the perspective of a concept of cultural materialism, one that radically redefines postmodern formulations of the body.