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The Financialisation of Capitalism
Costas Lapavitsas
Netzwerk Plurale Ökonomik, 2015
Netzwerk Plurale Ökonomik, 2015
Level: beginner
Economist and politician Costas Lapavitsas: presents differing theoretical definitions of financialization, namely from Marxist and Post-Keynesian thinkers and compares their approaches. By presenting pattern and features of the economic and financial crisis, he interprets the latter as a crisis of financialization. Lapavitsas emphasizes his arguments by presenting data from the U.S. and Germany on the transformation of business, banks and households.
