1st Edition

Money, Finance, and Capitalist Crisis

Edited By Nobuharu Yokokawa, Costas Lapavitsas Copyright 2022
134 Pages
by Routledge

134 Pages
by Routledge

134 Pages
by Routledge

Extraordinary 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... Read more

Introduction: Money, finance, and capitalist crisis

Nobuharu Yokokawa and Costas Lapavitsas

1. Profitability trends in the era of financialization: Notes on the U.S. economy

Costas Lapavitsas and Ivan Mendieta- Muñoz

2. The comparative advantage of the U.S. shadow banking system and the role of the U.S. dollar

Junji Tokunaga

3. Building blocks for the macroeconomics and political economy of housing

Engelbert Stockhammer and Christina Wolf

4. Marx’s Financial Capitalism

Makoto Nishibe

5. Financialization and the impasse of capitalism

Franèois Chesnais

6. State involvement in cryptocurrencies: A potential world money?

Juan J. Duque

Biography

Nobuharu Yokokawa is Professor of Economics, Musashi University, Tokyo. He is Editor-in-Chief of The Japanese Political Economy and has published widely on the topics of political economy, evolutionary economics, economic history and development economics.

Costas Lapavitsas is Professor of Economics at the School of Oriental and African Studies, University of London. He is internationally known and published widely on money and finance, contemporary capitalism, the Eurozone, and other topics.