Money, Finance, and Capitalist Crisis

Taylor & Francis

Money, Finance, and Capitalist CrisisAuthor(s): Nobuharu Yokokawa, Costas Lapavitsas\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032249346, 978-1032249346\nSynopsis\nExtraordinary growth of the financial relative to the nonfinancial sector has marked the development of mature capitalism during the last four decades. The changing balance between the two sectors has altered the outlook of the economy and facilitated the spread of financial concerns, practices, and outlooks across society. The result has been the gradual transformation of contemporary capitalism namely, its financialization since the late 1970s.\n\nThere are similarities between the Marxian, the Post-Keynesian and other heterodox approaches to analyzing the profound changes in money and finance in the global economy since the 1980s. Prominent among them is a common focus on financialization but also on the limits of monetary policy, the transformation of bank.