 |
|
|
Item Details
| Title:
|
THE END OF FINANCE
CAPITAL MARKET INFLATION, FINANCIAL DERIVATIVES AND PENSION FUND CAPITALISM |
| By: |
Jan Toporowski |
| Format: |
Hardback |
| List price:
|
£220.00 |
| Our price: |
£198.00 |
| Discount: |
|
| You save:
|
£22.00 |
|
|
|
|
|
| ISBN 10: |
0415208815 |
| ISBN 13: |
9780415208819 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
|
| Stock: |
Currently 0 available |
| Publisher: |
TAYLOR & FRANCIS LTD |
| Pub. date: |
28 October, 1999 |
| Pages: |
180 |
| Description: |
The original theory of finance which grows out of this critique is of interest to students and researchers of financial economics, practitioners in finance and policy-makers. |
| Synopsis: |
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. |
| Illustrations: |
Illustrations |
| Publication: |
UK |
| Imprint: |
Routledge |
| Returns: |
Returnable |
|
|
|
 |
|
|
|
|
|
No Cheese, Please!
A fun picture book for children with food allergies - full of friendship and super-cute characters!Little Mo the mouse is having a birthday party.
|
My Brother Is a Superhero
Luke is massively annoyed about this, but when Zack is kidnapped by his arch-nemesis, Luke and his friends have only five days to find him and save the world...
|
|
|
|
|