Handbook of Critical Issues in Finance
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Handbook of Critical Issues in Finance

  • Elgar original reference

Edited by Jan Toporowski and Jo Michell

This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.
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Chapter 29: Karl Marx

Andrew Trigg

Extract

In times of economic crisis contemporary solutions are developed in response to particular financial instruments, institutions or geopolitical structures. Phenomena such as subprime mortgage products, hedge funds, and the decline of US financial hegemony have, for example, been highlighted in the global economic crisis that started in 2007. To take a step back from such specifics, in an attempt to provide a more comprehensive and general view of capitalist dynamics, a radical alternative is offered by the writings of Karl Marx.

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