LEADER 03294oam 2200661I 450 001 9910783824503321 005 20230422044318.0 010 $a1-134-61828-X 010 $a1-280-33676-5 010 $a0-203-01409-X 024 7 $a10.4324/9780203014097 035 $a(CKB)1000000000254613 035 $a(EBL)169715 035 $a(OCoLC)437078494 035 $a(SSID)ssj0000146998 035 $a(PQKBManifestationID)11160405 035 $a(PQKBTitleCode)TC0000146998 035 $a(PQKBWorkID)10010718 035 $a(PQKB)10419469 035 $a(MiAaPQ)EBC169715 035 $a(Au-PeEL)EBL169715 035 $a(CaPaEBR)ebr10054741 035 $a(CaONFJC)MIL33676 035 $a(OCoLC)1000430426 035 $a(EXLCZ)991000000000254613 100 $a20180331d2000 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe end of finance $ethe theory of capital market inflation, financial derivatives and pension fund capitalism /$fJan Toporowski 210 1$aLondon ;$aNew York :$cRoutledge,$d2000. 215 $a1 online resource (177 p.) 225 1 $aRoutledge frontiers of political economy ;$v25 300 $aDescription based upon print version of record. 311 $a1-138-88101-5 311 $a0-415-20881-5 320 $aIncludes bibliographical references (p. [151]-155) and index. 327 $aBook 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 futures 327 $aThe broking of financial futures Regulation and the systemic risk of financial futures; Conclusion; Ends of finance; Notes; Bibliography; Index 330 $aThis volume develops an original critique of the belief that the present era of finance, where finance markets dominate contemporary capitalist economies, represents the best possible way of organising economic affairs. In fact, it is argued, the ensuing economic instability and inefficiency create the preconditions for the end of the dominance of finance. The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of firms, provides only short-term condition 410 0$aRoutledge frontiers of political economy ;$v25. 606 $aCapital market 606 $aDerivative securities 606 $aPension trusts 615 0$aCapital market. 615 0$aDerivative securities. 615 0$aPension trusts. 676 $a332/.0414 700 $aToporowski$b Jan.$0127579 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910783824503321 996 $aThe end of finance$93742228 997 $aUNINA