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The State of Capitalism
The health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The …
Capitalism in the Ottoman Balkans
The Ottoman Empire went through rapid economic and social development in the late nineteenth and early twentieth centuries, as it approached its end. Profound changes took place in …
Social Foundations of Markets, Money and Credit
Where does the power of money come from? Why is trust so important in financial operations? How does the swapping of gifts differ from the exchange of commodities? Where does …
Debating Modern Monetary Theory
This book considers the theoretical and empirical claims of Modern Monetary Theory (MMT) in developed and developing countries. It is structured as a debate between leading MMT …
Development Policy in the Twenty-First Century
This excellent book, newly available in paperback, addresses the growing dissatisfaction with the neo-liberal post-Washington consensus. The concern of the contributors in writing …
The Cost of Living Crisis
We are living through a cost of living crisis, with interest rate hikes and the prices of everyday consumables and energy bills sky-rocketing. Why is this happening? Sometimes we …
Against the Troika
On the 25th January 2015 the Greek people voted in an election of historic importance-not just for Greece but potentially all of Europe. The radical party Syriza was elected and …
Money, Finance, and Capitalist Crisis
Extraordinary growth of the financial relative to the nonfinancial sector has marked the development of mature capitalism during the last four decades. The changing balance between …
Crisis in the Eurozone
First, there was the credit crunch, and governments around the world stepped in to bail out the banks. The sequel to that debacle is the sovereign debt crisis, which has hit the …
Marxist Monetary Theory
This essential volume collects the papers of Costas Lapavistas, one of the first political economists to notice the ascendancy of money and finance as dominant features of …
Profiting without Producing
Financialization is one of the most innovative concepts to emerge in the field of political economy in the last three decades, although there is no agreement on what exactly it …
Financialisation In Crisis
The on-going economic crisis commenced in the sphere of finance, spread into production lines and quickly became a global recession. In Financialisation in Crisis, several …