1st Edition
Finance, Accumulation and Monetary Power Understanding Financial Socialism in Advanced Capitalist Economies
Part I: Theorizing the crisis 1. The failure of neoclassical economics 2. Heterodox aproaches to capitalist crisis 3. Critical value theory Part II: Financial socialism 4. Accumulation and monetary power in postliberal capitalism 5. Postliberal capitalism 6. Monetary internationalism 7. Conclusion
Biography
Daniel Woodley teaches Politics at DLD College in London, UK, and is the author of numerous books and articles on political theory and international politics, including Fascism and Political Theory (2010) and Globalization and Capitalist Geopolitics (2015).
"In Finance, Accumulation and Monetary Power, Daniel Woodley expertly depicts and uncovers the key structural problems that contemporary 'postliberal' capitalism faces. As the book shows, we are moving towards what Woodley terms ‘financial socialism’, in which nation-states and international organisations are required to stabilise an increasingly unstable global capitalism, using monetary policy to prop up the value of money and assets – and in doing so, to sow the seeds of the next crisis. The book is a must-read for anyone with an interest in the ongoing stagnation of the global economy, and the likely sources of the current crisis to come. At the end of a ten-year period of quantitative easing and ultra-loose monetary policy we still exist in a period of 'secular stagnation' – this book goes beyond the surface-level explanations of both mainstream and heterodox economics, to show why this is the case." David J. Bailey, University of Birmingham, UK
