Cart
Free US shipping over $10
Proud to be B-Corp

The End of Finance Jan Toporowski

The End of Finance By Jan Toporowski

The End of Finance by Jan Toporowski


$68.69
Condition - New
Only 2 left

Summary

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.

The End of Finance Summary

The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism by Jan Toporowski

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.

About Jan Toporowski

Jan Toporowski

Additional information

NLS9781138881013
9781138881013
1138881015
The End of Finance: Capital Market Inflation, Financial Derivatives and Pension Fund Capitalism by Jan Toporowski
New
Paperback
Taylor & Francis Ltd
2015-08-26
176
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a new book - be the first to read this copy. With untouched pages and a perfect binding, your brand new copy is ready to be opened for the first time

Customer Reviews - The End of Finance