Finance Capital Today: Corporations and Banks in the Lasting Global Slump (Historical Materialism),Used

Finance Capital Today: Corporations and Banks in the Lasting Global Slump (Historical Materialism),Used

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Shortlisted for the The Isaac and Tamara Deutscher Memorial Prize.Across the world, economic recovery, growth and investment are at best slow. At the same time, shares, derivatives and other financial instruments are traded in vast quantities with unprecedented rapidity. In accounting for this divergence between the apparent fortunes of the underlying real economy and the world of finance, both mainstream and Marxist economists have offered varying answers.Finance Capital Today enters this debate, providing a rich new analysis of the specific features of contemporary capitalism. Utilising Marxs theory of interestbearing and fictitious capital and highlighting the increasing concentration and centralisation of capital within a truly global system, Chesnais argues against those who attribute the current sluggish state of the world economy exclusively to a crisis of financialisation or financialised capitalism. Instead, we are faced with a crisis of capitalism tout court, in which large amounts of capital are looking for profitable investment in a setting of underlying overproduction and low profits. The outcome will be low global growth, repeated financial shocks and the growing interconnection between the environmental and economic crises.

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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.

This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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