Fictitious Capital

Fictitious Capital
Author :
Publisher : Verso Books
Total Pages : 177
Release :
ISBN-10 : 9781784787219
ISBN-13 : 1784787213
Rating : 4/5 (213 Downloads)

Book Synopsis Fictitious Capital by : Cédric Durand

Download or read book Fictitious Capital written by Cédric Durand and published by Verso Books. This book was released on 2017-06-06 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power. Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.


Fictitious Capital Related Books

Credit, Currency, and Capital
Language: en
Pages: 212
Authors: Andrew McDiarmid
Categories: History
Type: BOOK - Published: 2023-07-14 - Publisher: Taylor & Francis

DOWNLOAD EBOOK

The years 1690–1727 represented a period of significant change for Scotland. It was a time of grand colonial endeavours and financial innovation, punctuated b
Currencies, Capital, and Central Bank Balances
Language: en
Pages: 306
Authors: John H. Cochrane
Categories: Business & Economics
Type: BOOK - Published: 2019-04-01 - Publisher: Hoover Press

DOWNLOAD EBOOK

Drawing from their 2018 conference, the Hoover Institution brings together leading academics and monetary policy makers to share ideas about the practical issue
Capital and Finance
Language: en
Pages: 163
Authors: Peter Lewin
Categories: Business & Economics
Type: BOOK - Published: 2020-07-02 - Publisher: Taylor & Francis

DOWNLOAD EBOOK

This book applies finance to the field of capital theory. While financial economics is a well-established field of study, the specific application of finance to
Fictitious Capital
Language: en
Pages: 177
Authors: Cédric Durand
Categories: Political Science
Type: BOOK - Published: 2017-06-06 - Publisher: Verso Books

DOWNLOAD EBOOK

How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and
One Currency, Two Markets
Language: en
Pages: 347
Authors: Edwin L.-C. Lai
Categories: Business & Economics
Type: BOOK - Published: 2021-07-08 - Publisher: Cambridge University Press

DOWNLOAD EBOOK

Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.