By Ismael Hossein-zadeh
This e-book presents a critique of the neoclassical motives of the 2008 monetary cave in, of the resultant lengthy recession and of the neoliberal austerity responses to it.
The research argues that whereas the present perspectives of deregulation and financialization as instrumental culprits within the explosion and implosion of the monetary bubble are usually not fake, they fail to show that financialization is basically a sign of a sophisticated degree of capitalist improvement. those typical motives are inclined to forget about the systemic dynamics of the buildup of finance capital, the inherent limits to that accumulation, creation and department of monetary surplus, category family, and the stability of social forces that mildew financial policy.
Instead of easily blaming the ‘irrational habit’ of industry gamers, as neoliberals do, or lax public supervision, as Keynesians do, this publication makes a speciality of the center dynamics of capitalist improvement that not just created the monetary bubble, but in addition fostered the ‘irrational habit’ of industry gamers and subverted public policy.
Due to its interdisciplinary point of view, this e-book should be of curiosity to scholars and researchers in economics, finance, politics and sociology.
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