03869nam 2200601 450 991051171250332120220105182049.090-04-25548-610.1163/9789004255487(CKB)3710000000846658(EBL)4715171(PQKBManifestationID)16562108(PQKBWorkID)15080981(PQKB)25272642(MiAaPQ)EBC4715171(OCoLC)957077845(OCoLC)960720946(OCoLC)960833210(OCoLC)965431409(nllekb)BRILL9789004255487(EXLCZ)99371000000084665820161020h20162016 uy 0engur|n|---|||||txtccrFinance capital today[e-book] corporations and banks in the lasting global slump /by Francois ChesnaisLeiden, [Netherlands] ;Boston, [Massachusetts] :Brill,2016.©20161 online resource (322 p.)Historical Materialism Book Series,1570-1522 ; ;Volume 131Description based upon print version of record.90-04-25547-8 Includes bibliographical references and indexes.Preliminary Material -- Introduction -- 1 The Historical Setting of the Crisis and Its Original Traits -- 2 Financial Liberalisation and Globalisation from the 1960s onwards and the Return of Financial Crises -- 3 The Notion of Interest-Bearing Capital in the Setting of Present Centralisation and Concentration of Capital -- 4 The Organisational Embodiments of Finance Capital and the Intra-Corporate Division of Surplus Value -- 5 The Internationalisation of Productive Capital and the Formation of Global Oligopolies -- 6 The Operational Modes of tncs in the 2000s -- 7 The Further Globalisation of Financial Assets and Markets and the Expansion of New Forms of Fictitious Capital -- 8 Financialisation and the Transformation of Banking and Credit -- 9 Global Financial Contagion and Systemic Crisis in 2008 -- 10 Global Endemic Financial Instability -- Conclusion -- References -- Glossary of Financial Terms -- Topic Index -- Index of Names.Finance Capital Today is shortlisted for the The Isaac and Tamara Deutscher Memorial Prize 2017. Finance Capital Today presents a rich new analysis of the specific features of contemporary capitalism, notably its truly global nature and its financialisation, calling on Marxist analyses of the concentration, centralisation and globalisation of capital and Marx’s theory of interest-bearing and fictitious capital. Chesnais shows how financial globalisation and the exponential growth of financial assets have developed alongside the globalisation of productive capital, paying special attention to the contemporary operations of transnational corporations and global oligopoly. He argues that the macroeconomic perspective is one in which large amounts of capital are looking for profitable investment in a setting of underlying overproduction and low profits. The outcome will be low global growth, repeated financial shocks and the growing interconnection between the environmental and economic crises.Historical materialism book series ;Volume 131.International financeFinancial institutions, InternationalCapitalismFinancial crisesElectronic books.International finance.Financial institutions, International.Capitalism.Financial crises.332/.042Chesnais François382310MiAaPQMiAaPQMiAaPQBOOK9910511712503321Finance capital today2548898UNINA