Financialisation in crisis / edited by Costas Lapavitsas.

• Superior document: Historical materialism book series, v. 32
• TeilnehmendeR: Lapavitsas, Costas, 1961-
• Year of Publication: 2012
• Edition: 1st ed.
• Language: English
• Series: Historical materialism book series ; 32.
• Physical Description: 1 online resource (276 p.)
• Notes: Description based upon print version of record.

The turmoil of 2007-2009 is a crisis of financialised capitalism, and for this reason it is systemic and unusual. The crisis commenced in the sphere of finance, spread to production, and then became a world recession. Its unusual character is apparent since never before has a global economic crisis been triggered by banks lending to workers to buy houses. Moreover, state intervention to forestall the crisis becoming a major depression has been unprecedented. This book brings together several well-known political economists to analyse the domestic and international aspects of financialisation, thus putting the crisis in its appropriate context. It draws on Marxist and other heterodox economics to cast light on the broader implications of financialisation and crisis for society.

Table of Contents

pt. 1. Domestic financialisation and the roots of the crisis -- pt. 2. International financialisation and the global impact of the crisis.