Beskrivning
Beskrivning
Financialization is one of the most innovative concepts to emerge in thefield of political economy in the last three decades, although there isno agreement on what exactly it is. Profiting Without Producing definesfinancialization in terms of the fundamental conduct of non-financialenterprises, banks and households. Its most prominent feature is therise of financial profit, in part extracted directly from householdsthrough financial expropriation. Financialized capitalism isprone to crises, none greater than the gigantic turmoil that began in2007. Using abundant empirical data, the book establishes the causes ofthe crisis and discusses the options broadly available for controllingfinance.
