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Global Crisis and Reproduction of Capital

Stavros Tombazos

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Springer International Publishing img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Volkswirtschaft

Beschreibung

This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism, and why fiscal and monetary policies pursued in its wake have failed to rejuvenate economies.

With an innovative interpretation of the crisis and a focus on 'toxic capital’ – a sub-division of Karl Marx’s concept of fictitious capital – Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation.

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Schlagwörter

Toxic capital, Great recession, Economic crises, Money capital, Industrial capital, Apocalypse economics, Surplus value, Reproduction of capital, Financialisation, Fictitious capital, Capitalist economy, Net Investment of Fixed Capital, Neoliberal policies, Marxist economics, Labour productivity, financial crises, Global financial crisis