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Total pages original book: 352
Includes a PDF summary of 32 pages
Duration of the summary (audio): 25M15S (6.4 MB)
Description or summary of the audiobook: Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.
Other categories, genre or collection: Political Economy, Finance, Financial Crises & Disasters, Economic Theory & Philosophy
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