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The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism - Routledge Frontiers of Political Economy Jan Toporowski 1.º edición
The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism - Routledge Frontiers of Political Economy
Jan Toporowski
The original theory of finance which grows out of this critique is of interest to students and researchers of financial economics, practitioners in finance and policy-makers.
Marc Notes: Originally published: 2000.; Includes bibliographical references and index.; This volume develops a critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. Publisher Marketing: This volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. In fact, it is argued, the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance. The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of firms, provides only short-term conditions that are propitious for privatisation and distorts monetary policy in the long-term. The author examines the role of pension fund schemes and financial derivatives in transmitting capital market inflation and provides a nuanced analysis of the contradictory role they play in the financial system. Capital market inflation is also examined in its historical context and compared with past inflations, in particular the South Sea and Mississippi Bubbles, which spawned the first financial derivatives, and the first privatisations. This broad historical vision allows us to see these forms of inflation as temporary and provisional in character.
Contributor Bio: Toporowski, Jan Southbank University
| Medios de comunicación | Libros Paperback Book (Libro con tapa blanda y lomo encolado) |
| Publicado | 26 de agosto de 2015 |
| ISBN13 | 9781138881013 |
| Editores | Taylor & Francis Ltd |
| Páginas | 176 |
| Dimensiones | 233 × 157 × 18 mm · 284 g |
| Lengua | Inglés |
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