the theory of capital market inflation, financial derivatives, and pension fund capitalism /
First Statement of Responsibility
Jan Toporowski.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
Routledge,
Date of Publication, Distribution, etc.
2000.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource (xvi, 160 pages)
SERIES
Series Title
Routledge frontiers of political economy ;
Volume Designation
25
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 151-155) and index.
CONTENTS NOTE
Text of Note
pt. 1. The theory of capital market inflation -- pt. 2. Ponzi finance and pension fund capitalism -- pt. 3. Financial derivatives and liquidity preference -- pt. 4. Conclusion.
0
SUMMARY OR ABSTRACT
Text of Note
This volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. In fact, it is argued, the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance. The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of firms, provides only short-term condit.