Friday, 20 December 2013

Crises of Global Economies and the Future of Capitalism: Reviving Marxian crisis theory

The book is a thoughtful collaboration between Japanese heterodox economists of the Japan Society of Political Economy (JSPE) and non-Japanese scholars. It provides a unique immersion in different, sophisticated approaches to political economy and to the crisis. The book illustrates with the understanding of Marx's crisis theory and how it can serve as a powerful framework for analyzing the contemporary sub-prime world crisis.

Chapter 3. Financialization and Capitalist Accumulation: A Structural Account of the Crisis of 2007-2009, Costas Lapavitsas.