Financial Speculation And Fictitious Profits

Author : Gustavo Moura de Cavalcanti Mello,Mauricio de Souza Sabadini
Publisher : Springer Nature
Page : 215 pages
File Size : 51,8 Mb
Release : 2019-09-26
Category : Political Science
ISBN : 9783030233600

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Financial Speculation and Fictitious Profits by Gustavo Moura de Cavalcanti Mello,Mauricio de Souza Sabadini Pdf

This book provides an original account of financialisation and outlines the creation of fictitious profits as a basis to describe the present phase of capitalist accumulation in the neoliberal era. Making innovative theoretical elaborations on Marx’s notion of fictitious capital, Financial Speculation and Fictitious Profits offers a dialectic analysis of the increasing financialization during this crisis-ridden period based on the original concepts of fictitious profit and fictitious wealth. Combining the most important research from over twenty years of scholarly inquiry with groundbreaking new studies, Financial Speculation and Fictitious Profits is more than a collection of texts by political economists on a contemporary topic; it is a synthesis of an intense process of academic production that began with work of Karl Marx and has resulted in the formulation of a differentiated interpretative perspective on the contemporary evolution of capitalist crisis.

Author : Rémy Herrera
Publisher : Emerald Group Publishing
Page : 273 pages
File Size : 53,8 Mb
Release : 2023-11-20
Category : Business & Economics
ISBN : 9781804557501

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Value, Money, Profit, and Capital Today by Rémy Herrera Pdf

Connecting fundamental, theoretical, and empirical subjects with the most current scholarship on value, money, profit and capital today, this book makes sense of our increasingly interconnected global economy, highlighting key issues and proposing real-world solutions from the most knowledgeable researchers in the field.

Author : Cédric Durand
Publisher : Verso Books
Page : 176 pages
File Size : 46,7 Mb
Release : 2017-06-06
Category : Political Science
ISBN : 9781784787219

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Fictitious Capital by Cédric Durand Pdf

How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power. Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.

Author : Edward Chancellor
Publisher : National Geographic Books
Page : 0 pages
File Size : 48,5 Mb
Release : 2000-06-01
Category : Business & Economics
ISBN : 9780452281806

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Devil Take the Hindmost by Edward Chancellor Pdf

A lively, original, and challenging history of stock market speculation from the 17th century to present day. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changed—and not changed—over the last five hundred years? In Devil Take the Hindmost, Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to “stockjobbing” in London's Exchange Alley, to the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, “I can calculate the motion of heavenly bodies, but not the madness of people.” Here are brokers underwriting risks that included highway robbery and the “assurance of female chastity”; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton. From the Gilded Age to the Roaring Twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.

Author : Adrián Sotelo Valencia
Publisher : Unknown
Page : 0 pages
File Size : 52,9 Mb
Release : 2020
Category : Globalization
ISBN : 9004415645

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United States in a World in Crisis by Adrián Sotelo Valencia Pdf

Sotelo's book explores the dimensions of super-exploitation in the context of a structural crisis of capitalism and imperialism. Various theoretical debates are examined regarding the expansion of super-exploitation in advanced capitalism, highlighting the precariousness of labor that has resulted.

Author : Marina Vishmidt
Publisher : Unknown
Page : 0 pages
File Size : 45,6 Mb
Release : 2019
Category : Art
ISBN : 9004291377

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Speculation as a Mode of Production by Marina Vishmidt Pdf

In Speculation as a Mode of Production: Forms of Value Subjectivity in Art and Capital, Marina Vishmidt offers a new perspective on one of the main categories of capitalist life in the historical present. Writing not under the shadow but in the spirit of Adorno's negative dialectic, her work pursues speculation through its contested terrains of philosophy, finance, and art, to arrive at the most detailed analysis that we now possess of the role of speculation in the shaping of subjectivity by value relations. Featuring detailed critical discussions of recent tendencies in the artistic representation of labour, and a brilliant reconstruction of the philosophical concept of the speculative from its origins in German Romanticism, Speculation as a Mode of Production is an essential, widescreen theorisation of capital's drive to self-expansion, and an urgent corrective to the narrow and one-sided periodisations to which it is most commonly subjected.

Author : Byasdeb Dasgupta,Archita Ghosh,Bishakha Ghosh
Publisher : Taylor & Francis
Page : 265 pages
File Size : 41,7 Mb
Release : 2021-07-07
Category : Business & Economics
ISBN : 9781000406382

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Neoliberalism in the Emerging Economy of India by Byasdeb Dasgupta,Archita Ghosh,Bishakha Ghosh Pdf

Neoliberal economic reforms over the last four decades have altered the economic cartography of emerging market economies such as India, particularly in the context of international trade, investment and finance, and in terms of their effects on the real economy. This book examines the issues of financialization, investment climate and the impact of trade liberalization. By analysing these three features of neoliberal reform the book is unique, since it accommodates both a mainstream neoclassical approach and a non-mainstream political economy approach. The major questions answered by this book, cover three basic lines of enquiry pertaining to neoliberal reforms. They are (a) how financialization as a new process affects the real economic health of emerging market economies characterized by globalization; (b) how the changing form of international trade in the new regime impacts upon the informal economy, and employment and trade potential in the home country; and (c) how global investment has shaped the real economy in emerging countries like India. The book will be extremely useful for postgraduate students of international economics, particularly development economics and political economy, including researchers with a keen interest in India.

Author : Gustavo Moura de Cavalcanti Mello,Henrique Pereira Braga
Publisher : Springer Nature
Page : 248 pages
File Size : 40,5 Mb
Release : 2021-10-21
Category : Political Science
ISBN : 9783030822989

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Wealth and Poverty in Contemporary Brazilian Capitalism by Gustavo Moura de Cavalcanti Mello,Henrique Pereira Braga Pdf

This book analyses contemporary capitalism from Brazil and from the Marxian critique of political economy, particularly; the co-dependency of wealth and poverty and of civilization and barbarism; the current tendency towards capital over-accumulation and the specific form assumed by the capitalist crisis in recent decades; the financialisation process of capital accumulation, its effects on the world of labour; and the place that the state assumes in this broad process. Current trends toward increasing social inequality, impoverishment of large sections of the population, precariousness of labour and rising unemployment, environmental destruction, the spread of austerity policies and the suppression of social policies, the rise of the far right (together with the strengthening of racism, misogyny, xenophobia, political and religious fanaticism and all manner of intolerance, etc.), low economic growth, the primacy of the financial dimension of capital accumulation, all need to be understood in their multiple and complex articulations, as fundamental and inherent elements of contemporary capitalism, associating empirical analysis with conceptual construction. Because they are strictly contradictory processes, a dialectical approach is required that reclaims the Marxian legacy, and aims to contribute to updating it, seeking to bring new and relevant elements to the Marxist debate, based on a specific interpretation of Marx's work, and as an immediate empirical basis the Brazilian reality.

Author : Shaibal Gupta,Marcello Musto,Babak Amini
Publisher : Springer Nature
Page : 392 pages
File Size : 48,6 Mb
Release : 2019-09-28
Category : Philosophy
ISBN : 9783030248154

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Karl Marx’s Life, Ideas, and Influences by Shaibal Gupta,Marcello Musto,Babak Amini Pdf

Since the latest crisis of capitalism broke out in 2008, Marx has been back in fashion, and sometimes it seems that his ideas have never been as topical, or as commanding of respect and interest, as they are today. This edited collection arises from one of the largest international conferences dedicated to the bicentenary of Marx’s birth. The volume contains 16 chapters authored by globally renowned scholars and is divided into two parts: I) On the Critique of Politics; II) On the Critique of Political Economy. These contributions, from multiple academic disciplines, offer diverse perspectives on why Marx is still so relevant for our times and make this book a source of great appeal for both expert scholars of Marx as well as students and general readers who are approaching his theories for the first time.

Author : Murray E.G. Smith,Jonah Butovsky,Josh J. Watterton
Publisher : Fernwood Publishing
Page : 322 pages
File Size : 46,6 Mb
Release : 2021-04-10T00:00:00Z
Category : Political Science
ISBN : 9781773634562

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Twilight Capitalism by Murray E.G. Smith,Jonah Butovsky,Josh J. Watterton Pdf

Twenty-first-century capitalism has little more to offer than a menu of despair: pandemics, deepening inequality, worsening depression, runaway climate change, intensifying authoritarianism and escalating militarism. Twilight Capitalism offers a wide-ranging analysis of the origins, implications and scope of the “combined” social crisis of 2020 and beyond. A compelling case is made that Karl Marx’s critical analysis of capitalism, along with his program of class-struggle socialism, is essential to understanding and addressing the most important social, economic and ecological problems of our time.

Author : Dr Alexeis Garcia-Perez ,Professor Lyndon Simkin
Publisher : Academic Conferences limited
Page : 128 pages
File Size : 52,5 Mb
Release : 2021-09-02
Category : Business & Economics
ISBN : 9781914587078

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ECKM 2021 22nd European Conference on Knowledge Management by Dr Alexeis Garcia-Perez ,Professor Lyndon Simkin Pdf

Author : Achim Szepanski
Publisher : Springer Nature
Page : 388 pages
File Size : 50,9 Mb
Release : 2022-02-02
Category : Business & Economics
ISBN : 9783030931513

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Financial Capital in the 21st Century by Achim Szepanski Pdf

The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Unlike most Marxist and heterodox theories, the book distinguishes credit and fictitious capital from speculative capital to show its hegemony today in the capital markets. Speculative capital structures and also controls the so-called “real capital.” The method is Marxist while also incorporating material from contemporary Marxist and heterodox authors like John Milios, Robert Meister, Tony Norfeld, Li Puma, Harald Strauß, Michael Heinrich, Suhail Malik, Bichler/Nitzan and Ellie Ayache. Offering a comprehensive study of the logic and mode of existence of capital in the 21st century, the book will be of interest to academics and students of monetary and financial economics alongside political economy.

Author : Kei Ehara
Publisher : Springer Nature
Page : 201 pages
File Size : 47,8 Mb
Release : 2022-02-02
Category : Political Science
ISBN : 9783030833244

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Japanese Discourses on the Marxian Theory of Finance by Kei Ehara Pdf

This edited volume traces the development of the Marxian theory of finance in Japan. Japanese Marxists have long been engaged in this field of study, yet their achievements are hardly known in other languages. Japanese Discourses on the Marxian Theory of Finance brings together in English for the first time six core essays essential to the understanding of the history and development of Japanese Marxian economics. Part I considers the so-called Uno-Miyake debate, which shaped the direction of the research in postwar Japan. Part II includes the three core essays influenced by Uno, including an essay by Shigekatsu Yamaguchi, who introduced a new method to systematically deal with “credit creation” which must be duly taken into consideration if scholars are to analyze today’s “financialization." Finally, the last two essays follow from Yamaguchi’s influential theory to consider the relation of banking with the capital market to complete the theory of finance in Marxian economics.

Author : Tomás Vergara
Publisher : Springer Nature
Page : 210 pages
File Size : 44,7 Mb
Release : 2023-11-05
Category : Literary Criticism
ISBN : 9783031399244

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Alterity and Capitalism in Speculative Fiction by Tomás Vergara Pdf

Speculative fiction has been traditionally studied in Marxist literary criticism, following Darko Suvin’s paradigmatic model of science fiction, according to a hierarchical division of its multiple subgenres in terms of their assumed inherent political value. By drawing on an alternative genealogy of Marxist criticism, this book presents a non-hierarchical understanding of the estrangement connecting all varieties of speculative fiction, outlining the political potential shared across the spectrum of speculative fiction, along with the specific narrative strategies by which it critically engages with its historical context of production. This study’s main point of contention is that speculative fiction performs an estrangement effect on historical reality that can potentially render visible the role of fantasies in the organisation of capitalist social practice. This narrative effect enables an estranged perspective by which the novel interprets and conceptualises historical reality in a totalising manner.

Author : Tae-Hee Jo,Frederic Lee
Publisher : Routledge
Page : 342 pages
File Size : 53,8 Mb
Release : 2015-07-30
Category : Business & Economics
ISBN : 9781317631446

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Marx, Veblen, and the Foundations of Heterodox Economics by Tae-Hee Jo,Frederic Lee Pdf

John F. Henry is an eminent economist who has made important contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historical approach offers radical insights into the evolution of ideas (ideologies and theories) giving rise to and/or induced by the changes in capitalist society. Essays collected in this festschrift not only evaluate John Henry’s contributions in connection to Marx’s and Veblen’s theories, but also apply them to the socio-economic issues in the 21st century. In Part I leading heterodox economists in the traditions of Marxism, Post Keynesianism, and Institutionalism critically examine Marx’s and Veblen’s theoretical frameworks (and their connections to each other) that have become the foundations of heterodox economics. Chapters in Part II showcase alternative theoretical explanations inspired by Marx, Veblen, and Henry. Topics in this Part include financial crisis, financialization, capital accumulation, economics teaching, and the historical relationship between money and class society. Part III is devoted to John Henry’s heterodox economics encapsulated in his "farewell" lecture, interview, and bibliography. Essays in this book, individually and collectively, make an important point that the history of economic thought (or historical analysis of economic theory and policy) is an integral part of developing heterodox economics as an alternative theoretical framework. Anyone who is troubled by the recurring failure of capitalism as well as mainstream economics will find this book well worth reading.