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The Financialisation of Capitalism

Level: beginner
Costas Lapavitsas | Netzwerk Plurale ├ľkonomik, 2015
Perspectives: Marxian Political Economy, Post-Keynesian Economics
Topic: crisis, finance, financialization
Format: Lecture
Duration: 01:01:18
Link: https://www.youtube.com/watch?v=3KvVBQrq7ys&index=2&list=PLHcX3MybUIx5ErLBD-05XMmbc9pyj1nn2

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.


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