The End of Finance High quality books
The End of Finance
By:Jan Toporowski
Published on 2002-03-11 by Routledge
This volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. In fact, it is argued, the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance. The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of firms, provides only short-term conditions that are propitious for privatisation and distorts monetary policy in the long-term. The author examines the role of pension fund schemes and financial derivatives in transmitting capital market inflation and provides a nuanced analysis of the contradictory role they play in the financial system. Capital market inflation is also examined in its historical context and compared with past inflations, in particular the South Sea and Mississippi Bubbles, which spawned the first financial derivatives, and the first privatisations. This broad historical vision allows us to see these forms of inflation as temporary and provisional in character.
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Book ID of The End of Finance's Books is EIiEAgAAQBAJ, Book which was written byJan Toporowskihave ETAG "wMNrH1IbKGI"
Book which was published by Routledge since 2002-03-11 have ISBNs, ISBN 13 Code is 9781134618286 and ISBN 10 Code is 113461828X
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