Profiting Without Producing

How Finance Exploits Us All

By:

Costas Lapavitsas

Format:

Paperback / softback

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Description

Financialization is one of the most innovative concepts to emerge in the field of political economy in the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing defines financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted directly from households through financial expropriation. Financialized capitalism is prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.

Author Biography:

Costas Lapavitsas is a Professor of Economics at the School of Oriental and African Studies, University of London. He is a member of Research on Money and Finance (RMF). He is the lead author of the new RMF report Breaking Up? A Route Out of the Eurozone Crisis. His previous publications include Crisis in the Eurozone; Social Foundations of Markets; Money and Credit; and Political Economy of Money and Finance.

Release date NZ

November 5th, 2013

Author

Costas Lapavitsas

Audience

General (US: Trade)

Pages

352

Dimensions

154x234x32

ISBN-13

9781781681411

Product ID

21232823

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