03310nam 2200673Ia 450 991096327260332120251116173326.01-134-61828-X1-280-33676-50-203-01409-X10.4324/9780203014097 (CKB)1000000000254613(EBL)169715(OCoLC)437078494(SSID)ssj0000146998(PQKBManifestationID)11160405(PQKBTitleCode)TC0000146998(PQKBWorkID)10010718(PQKB)10419469(MiAaPQ)EBC169715(Au-PeEL)EBL169715(CaPaEBR)ebr10054741(CaONFJC)MIL33676(OCoLC)1000430426(EXLCZ)99100000000025461319990202d2000 uy 0engurcn|||||||||txtccrThe end of finance the theory of capital market inflation, financial derivatives and pension fund capitalism /Jan Toporowski1st ed.London ;New York Routledge20001 online resource (177 p.)Routledge frontiers of political economy ;25Description based upon print version of record.1-138-88101-5 0-415-20881-5 Includes bibliographical references (p. [151]-155) and index.Book Cover; Title; Contents; List of illustrations; Foreword; Introduction: antecedents and methodology; The theory of capital market inflation; Capital markets and the real economy; Value and excess in capital markets; Ponzi finance and pension fund capitalism; Pension funds and Ponzi finance; Capital market inflation and privatization; Pension fund inflows and their investment; The end of funded pension schemes; Financial derivatives and liquidity preference; Liquidity preference and the conventional approach to financial futures; Commercial and investment uses of financial futuresThe broking of financial futures Regulation and the systemic risk of financial futures; Conclusion; Ends of finance; Notes; Bibliography; IndexThis 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 conditionRoutledge frontiers of political economy ;25.Capital marketDerivative securitiesPension trustsCapital market.Derivative securities.Pension trusts.332/.0414Toporowski Jan127579MiAaPQMiAaPQMiAaPQBOOK9910963272603321The end of finance4486376UNINA