Where does the power of money come from? Why is trust so important in financial operations? How does the swapping of gifts differ from the exchange of commodities? Where does self-interest stop and communal solidarity start in capitalist economies? These issues and many more are discussed in a rigorous, yet readable, manner in Social Foundations of Markets, Money and Credit. It is shown in particular that capitalist economies are permeated with non-economic characteristics. This carefully argued book will prove interesting and valuable to students and researchers not only in economics, but also in sociology and anthropology. Well-informed critics of capitalism will also find it a useful read.
Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.
The clear-headed rationalism at the heart of this book conveys a controversial message, unwelcome in many quarters but soon to be echoed across the continent: impoverished states have to quit the euro and cut their losses or worse hardship ...
Anderson, Elisabeth. 2008. “Experts, Ideas, and Policy Change: The Russell Sage Foundation and Small Loan ... “Blood Money, New Money, and the Moral Economy of Tort Law in Action,” Law and Society Review 35(2): 275—319. Baker, Wayne E ...
This collected volume analyses financialisation by drawing on Marxist and heterodox theory of finance. It examines domestic and international aspects of financialisation, placing the crisis in its appropriate social context.
The ongoing economic crisis commenced in the sphere of finance, spread to production, and then became a world recession.
Containing one of the most fully informed critiques of the neoclassical analysis of economic efficiency--as well as one of the most thoughtful blueprints for economic sociology--this book reclaims for sociology the study of one of the most ...
The pamphlet shows that the deeper roots of the "cost of living crisis" lie in the very low investment and poor productivity growth for many years.
Building on the economic analysis of two of Europe’s leading thinkers, Heiner Flassbeck and Costas Lapavitsas (a candidate standing for election on Syriza’s list), Against the Troika is the first book to propose a strategic left-wing ...
... Money and Finance , ch . 1 , 2 , 3 ; and Lapavitsas , Social Foundations of Markets , Money and Credit , ch . 4 . completely eliminates commodity money from the sphere of circulation , THE MONETARY BASIS OF FINANCIALIZED CAPITALISM 85.
Theory of Money and Credit, The