Financial Markets In The Capitalist Process

Download Financial Markets In The Capitalist Process full books in PDF, epub, and Kindle. Read online Financial Markets In The Capitalist Process ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Financial Markets in the Capitalist Process

Download Financial Markets in the Capitalist Process PDF Online Free

Author : Douglas Vickers
Publisher : University of Pennsylvania Press
ISBN 13 : 1512808334
Total Pages : 192 pages
Book Rating : 4.5/5 (128 download)

Book Synopsis Financial Markets in the Capitalist Process by : Douglas Vickers

Download or read book Financial Markets in the Capitalist Process written by Douglas Vickers and published by University of Pennsylvania Press. This book was released on 2016-11-11 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The preoccupation of financial theory with static, timeless, equilibrium analysis has given rise to an orthodoxy that avoids the problems of uncertainty in the world. This work establishes new perspectives from which contemporary financial theory can be evaluated. Echoing Keynes' observation that "Human decisions . . . cannot depend on strict mathematical expectation," Douglas Vickers explains why most decisions in economics and finance are not made under conditions to which the calculus of probability applies. The author proposes a "new realism" in financial theory that takes into account the uncertainty in personal and economic decisions. Both business firms and financial investors, he contends, acquire an important perspective on their alternatives by focusing on the transitional, disequilibrium processes in financial markets rather than on their sup posed equilibrium conditions. This involves for economic decisions an understanding of "time" as "historic" in a genuine operational sense rather than as merely a logical variable. The notion of probability should be replaced by that of possibility, the concept that the British economist G. L. S. Shackle has called "potential surprise." In Part I, Vickers' innovative approach leads to a careful study of the "false trading" that occurs in real and financial markets. Part II provides an exposition and an evaluation of the equilibrium theory of financial asset prices. The new analytical apparatus is applied in Part Ill to investment decision making in the firm and to the choice of financial asset portfolios, as well as to the questions of asset trading and changes in portfolio composition. A scholarly and constructive work, Financial Markets in the Capitalist Process will generate controversy among professionals and debate among students for many years to come.

Saving Capitalism from the Capitalists

Download Saving Capitalism from the Capitalists PDF Online Free

Author : Raghuram G. Rajan
Publisher : Princeton University Press
ISBN 13 : 0691121281
Total Pages : 388 pages
Book Rating : 4.6/5 (911 download)

Book Synopsis Saving Capitalism from the Capitalists by : Raghuram G. Rajan

Download or read book Saving Capitalism from the Capitalists written by Raghuram G. Rajan and published by Princeton University Press. This book was released on 2004-08-23 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of recent business scandals, financial markets are often thought of as parasitic institutions that feed off the blood, sweat, and tears of human endeavor. This guide shows that such markets in fact supply the fuel of a vital economy.

Portfolio Society

Download Portfolio Society PDF Online Free

Author : Ivan Ascher
Publisher : MIT Press
ISBN 13 : 1935408747
Total Pages : 193 pages
Book Rating : 4.9/5 (354 download)

Book Synopsis Portfolio Society by : Ivan Ascher

Download or read book Portfolio Society written by Ivan Ascher and published by MIT Press. This book was released on 2016-09-02 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: A bold extension of Marx's Capital for the twenty-first century: at once a critique of modern finance and of the societies under its spell. As financial markets expand and continue to refashion the world in their own image, the wealth of capitalist societies no longer presents itself, as it did to Karl Marx in the nineteenth century, as a “monstrous collection of commodities.” Instead, it appears as an equally monstrous collection of financial securities, and the critique of political economy must proceed accordingly. But what would it mean to write Capital in the twenty-first century? Are we really to believe that risk, rather than labor, is now regarded as the true fount of economic value? Can it truly be the case that the credit relation—at least in the global North—has replaced the wage relation as the key site of exploitation and political struggle? And finally, if precarity is indeed the name of today's proletarian condition, what possible future does it actually portend, what analysis does it require? Through a series of creative substitutions, in Portfolio Society Ivan Ascherextends Marx's critical project in bold and unexpected ways. Ascher not only explains some of the often mystifying processes of contemporary finance, he also invites us to consider what becomes of capitalism itself in those places where the relation of capital to its own future is now mediated by financial markets. In the end, we may find that much has changed and much has not; relations of domination endure, and mystifications abound, but the devil is in the details, and that is where Ascher directs our attention. At once a critique of modern finance and of the societies under its spell, Portfolio Society succeeds in revealing the potential limits of Capital, while reveling still in its limitless potential.

Digitalized Finance: Financial Capitalism and Informational Revolution

Download Digitalized Finance: Financial Capitalism and Informational Revolution PDF Online Free

Author : Edemilson Paraná
Publisher : BRILL
ISBN 13 : 9004383921
Total Pages : 190 pages
Book Rating : 4.0/5 (43 download)

Book Synopsis Digitalized Finance: Financial Capitalism and Informational Revolution by : Edemilson Paraná

Download or read book Digitalized Finance: Financial Capitalism and Informational Revolution written by Edemilson Paraná and published by BRILL. This book was released on 2018-11-12 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Digitalized Finance, Edemilson Paraná shows how the accelerated development of Information and Communication Technologies (ICT) has deepened the process of financialization of the world economy and supported the emergence of new forms of economic spoliation.

Capitalism 4.0

Download Capitalism 4.0 PDF Online Free

Author : Anatole Kaletsky
Publisher : ReadHowYouWant.com
ISBN 13 : 145878424X
Total Pages : 590 pages
Book Rating : 4.4/5 (587 download)

Book Synopsis Capitalism 4.0 by : Anatole Kaletsky

Download or read book Capitalism 4.0 written by Anatole Kaletsky and published by ReadHowYouWant.com. This book was released on 2010-07 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: In early 2009, many economists, financiers, and media pundits were confidently predicting the end of the American-led capitalism that has shaped history and economics for the past 100 years. Yet the U.S. economic model, far from being discredited, may be strengthened by the financial crisis. In this provocative book, Anatole Kaletsky re-interprets the financial crisis as part of an evolutionary process inherent to the nature of democratic capitalism. Capitalism, he argues, is resilient. Its first form, Capitalism 1.0, was the classical laissez-faire capitalism that lasted from 1776 until 1930. Next was Capitalism 2.0, New Deal Keynesian social capitalism created in the 1930s and extinguished in the 1970s. Its last mutation, Reagan-Thatcher market fundamentalism, culminated in the financially-dominated globalization of the past decade and triggered the recession of 2009-10. The self-destruction of Capitalism 3.0 leaves the field open for the next phase of capitalisms evolution. Capitalism is likely to transform in the coming decades into something different both from the totally deregulated market fundamentalism of Reagan/Thatcher and from the Roosevelt-Kennedy era. This is Capitalism 4.0.

Capitalism in the Age of Catastrophe

Download Capitalism in the Age of Catastrophe PDF Online Free

Author : Achim Szepanski
Publisher : Springer Nature
ISBN 13 : 303157754X
Total Pages : 352 pages
Book Rating : 4.0/5 (315 download)

Book Synopsis Capitalism in the Age of Catastrophe by : Achim Szepanski

Download or read book Capitalism in the Age of Catastrophe written by Achim Szepanski and published by Springer Nature. This book was released on with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Permanent Revolution

Download Permanent Revolution PDF Online Free

Author : Wyatt Wells
Publisher : Stanford University Press
ISBN 13 : 1503612384
Total Pages : 134 pages
Book Rating : 4.5/5 (36 download)

Book Synopsis Permanent Revolution by : Wyatt Wells

Download or read book Permanent Revolution written by Wyatt Wells and published by Stanford University Press. This book was released on 2020-03-03 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Permanent Revolution concisely describes the development and workings of capitalism and its influence on the broader society. In the developed world—Europe, North America, and parts of East Asia—capitalism is ubiquitous, and as such, often taken for granted. Discussion usually focuses on specific aspects of the system that individuals appreciate or dislike, ignoring the larger picture. The notion of millennials denouncing capitalism on Facebook and Twitter—products of capitalist development—is a caricature that is eerily close to reality. In this book, Wyatt Wells examines the development of economic innovation, the role of financial markets, the business cycle, the ways markets operate, and the position of labor in capitalist economies, as well as the effects of capitalism on law, politics, religion, and even the arts. This discussion is grounded in history, though it does make use of economic theory. As a result, the book sometimes approaches topics from an unconventional direction. For instance, it notes that financial markets not only pool and allocate the resources of savers—the role ascribed to them in conventional economics textbooks—but they also discipline enterprises, punishing those unable to meet prescribed financial standards. Permanent Revolution ranges broadly, delving into how capitalism reshapes the broader society. The system creates wealth in new and, often, unexpected places, and it constantly moves people physically and socially. The result revolutionizes society. Traditional structures based on deference and long experience gradually collapse because they no longer correspond to social reality. Capitalist societies must devise ways to accommodate perpetual change in politics, religion, and society. Much of the diversity, liberty, and flexibility we associate with modern society are the product of capitalist development.

The Death of Capital

Download The Death of Capital PDF Online Free

Author : Michael E. Lewitt
Publisher : John Wiley and Sons
ISBN 13 : 0470622350
Total Pages : 310 pages
Book Rating : 4.4/5 (76 download)

Book Synopsis The Death of Capital by : Michael E. Lewitt

Download or read book The Death of Capital written by Michael E. Lewitt and published by John Wiley and Sons. This book was released on 2010-03-25 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Death of Capital, respected portfolio manager and longtime investment professional Michael Lewitt looks at how the U.S. economy has increasingly been dominated by short-term speculation rather than industrial expansion in recent years. These disastrous trends, described here as financialization, ignore the fact that capital itself is a highly unstable process rather than a fixed object or category. As a result of our failure to understand the true nature of capital, we have developed a financial and regulatory system that does exactly the opposite of what it should be doing—favoring obscurity over transparency and fomenting instability rather than growth. In explaining where we have gone wrong Lewitt pulls few punches in criticizing some of the counterproductive forces that have led to the death of capital—including Wall Street practices such as private equity and derivatives trading—which he views both as economically unproductive and morally misguided. Page by informative page, this timely guide: Addresses "financialization" and its consequences, such as a weaker U.S. dollar, the destruction of American industries, and the loss of American economic and political influence Explores the most important aspects of capital and capitalism through the prism of four of the world’s great economic thinkers Discusses how the legal system aided economic weakening by privileging short-term investment goals Calls for politically controversial reforms such as stricter regulation of hedge funds and private equity firms, banning naked credit default swaps and Structured Investment Vehicles, and principles-based reforms to improve systemic stability Financial reform is needed to make sure capital does not die again. Filled with in-depth insights and practical advice, The Death of Capital is not just a play-by-play of the recent financial crisis, but an original and passionate analysis of the trends that led to it and what can be done in a regulatory sense to address the problems.

Flexicurity Capitalism

Download Flexicurity Capitalism PDF Online Free

Author : Peter Flaschel
Publisher : Oxford University Press
ISBN 13 : 0199837961
Total Pages : 239 pages
Book Rating : 4.1/5 (998 download)

Book Synopsis Flexicurity Capitalism by : Peter Flaschel

Download or read book Flexicurity Capitalism written by Peter Flaschel and published by Oxford University Press. This book was released on 2012-02-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: An intense debate has played out in recent years regarding how to implement a so-called "flexicurity system"-a labor market reform that combines flexibility, particularly in the hiring and firing process of firms, with security in the employment and income of the workforce. In Flexicurity Capitalism, Flaschel and Greiner lay out the macroeconomic structure of this system, providing the detailed mathematical models necessary to ponder seriously how such a system can work. Their book rests on three pillars of thought: Marx, Kalecki-Keynes, and Schumpeter. The authors highlight the relevant contributions from the work of each and build upon it. They in turn provide a basic framework for flexicurity capitalism and then compare their economic system to pure capitalism to determine the best and most practical way forward. Their scope is ambitious: to address the shortcomings of a narrow focus on mass unemployment, selective-schooling systems, property rights based solely on ownership without qualified business decision-making expertise, financial markets that do not of channel savings properly into real investment, and innovations that ignore human rights or moral sentiments. Flaschel and Greiner's Flexicurity Capitalism provides serious discussion and feasible mathematical models necessary to consider moving in this direction.

Capital: The process of capitalist production as a whole, ed. by Frederick Engels. Tr. from the 1st German ed. by Ernest Untermann

Download Capital: The process of capitalist production as a whole, ed. by Frederick Engels. Tr. from the 1st German ed. by Ernest Untermann PDF Online Free

Author : Karl Marx
Publisher :
ISBN 13 :
Total Pages : 700 pages
Book Rating : 4.A/5 ( download)

Book Synopsis Capital: The process of capitalist production as a whole, ed. by Frederick Engels. Tr. from the 1st German ed. by Ernest Untermann by : Karl Marx

Download or read book Capital: The process of capitalist production as a whole, ed. by Frederick Engels. Tr. from the 1st German ed. by Ernest Untermann written by Karl Marx and published by . This book was released on 1909 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Money, Method, and the Market Process

Download Money, Method, and the Market Process PDF Online Free

Author : Ludwig Von Mises
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610163877
Total Pages : 330 pages
Book Rating : 4.6/5 (11 download)

Book Synopsis Money, Method, and the Market Process by : Ludwig Von Mises

Download or read book Money, Method, and the Market Process written by Ludwig Von Mises and published by Ludwig von Mises Institute. This book was released on 1990 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Communists constructing capitalism

Download Communists constructing capitalism PDF Online Free

Author : Julian Gruin
Publisher : Manchester University Press
ISBN 13 : 1526135353
Total Pages : 322 pages
Book Rating : 4.5/5 (261 download)

Book Synopsis Communists constructing capitalism by : Julian Gruin

Download or read book Communists constructing capitalism written by Julian Gruin and published by Manchester University Press. This book was released on 2019-07-04 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has China’s ‘transition’ to a market economy not catalysed corresponding political transformation? In an era of deepening synergy between authoritarian politics and capitalist economics, this book offers a novel perspective on this central dilemma of contemporary Chinese development, shedding light on how the Chinese Communist Party achieved rapid economic growth while preserving political stability. Drawing on extensive fieldwork and over sixty interviews with policymakers, bankers and former party and state officials, the book delves into the role of China’s state-owned banking system since 1989, showing how political control over capital has been central to the country’s experience of capitalist development. It challenges existing state-market paradigms of political economy and reveals the Eurocentric assumptions underpinning liberal perspectives towards Chinese authoritarian resilience.

A Political Economy of Contemporary Capitalism and its Crisis

Download A Political Economy of Contemporary Capitalism and its Crisis PDF Online Free

Author : Dimitris P Sotiropoulos
Publisher : Routledge
ISBN 13 : 1135037914
Total Pages : 331 pages
Book Rating : 4.1/5 (35 download)

Book Synopsis A Political Economy of Contemporary Capitalism and its Crisis by : Dimitris P Sotiropoulos

Download or read book A Political Economy of Contemporary Capitalism and its Crisis written by Dimitris P Sotiropoulos and published by Routledge. This book was released on 2013-06-19 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial meltdown and the resulting global recession have rekindled debates regarding the nature of contemporary capitalism. This book analyses the ongoing financialization of the economy as a development within capitalism, and explores the ways in which it has changed the organization of capitalist power. The authors offer an interpretation of the role of the financial sphere which displays a striking contrast to the majority of contemporary heterodox approaches. Their interpretation stresses the crucial role of financial derivatives in the contemporary organization of capitalist power relations, arguing that the process of financialization is in fact entirely unthinkable in the absence of derivatives. The book also uses Marx’s concepts and some of the arguments developed in the framework of the historic Marxist controversies on economic crises in order to gain an insight into the modern neoliberal form of capitalism and the recent financial crisis. Employing a series of international case studies, this book will be essential reading for all those with an interest in the financial crisis, and all those seeking to comprehend the workings of capitalism.

The Myth of the Free Market

Download The Myth of the Free Market PDF Online Free

Author : Mark Anthony Martinez
Publisher : Kumarian Press
ISBN 13 : 1565492676
Total Pages : 338 pages
Book Rating : 4.5/5 (654 download)

Book Synopsis The Myth of the Free Market by : Mark Anthony Martinez

Download or read book The Myth of the Free Market written by Mark Anthony Martinez and published by Kumarian Press. This book was released on 2009 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: * Explains how the 2008 financial meltdown came about and how to revitalize global and domestic economies * Shows how capitalist economies developed and why the state matters in their functioning Free market purists claim that the state is an inefficient institution that does little for society beyond providing stability and protection. The activities related to distributing resources and economic growth, they say, are better left to the invisible hand of the marketplace. These notions now seem tragically misguided in the wake of the 2008 market collapse and bailout. Mark Martinez describes how the flawed myth of the "invisible hand" distorted our understanding of how modern capitalist markets developed and actually work. Martinez draws from history to illustrate that political processes and the state are not only instrumental in making capitalist markets work but that there would be no capitalist markets or wealth creation without state intervention. He brings his story up to the present day to show how the seeds of an unprecedented government intervention in the financial markets were sown in past actions. The Myth of the Free Market is a fascinating and accessible introduction to comparative economic systems as well as an incisive refutation of the standard mantras of neoclassical free market economic theory.

Capitalism, Alone

Download Capitalism, Alone PDF Online Free

Author : Branko Milanovic
Publisher : Harvard University Press
ISBN 13 : 0674260309
Total Pages : 305 pages
Book Rating : 4.6/5 (742 download)

Book Synopsis Capitalism, Alone by : Branko Milanovic

Download or read book Capitalism, Alone written by Branko Milanovic and published by Harvard University Press. This book was released on 2021-09-07 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn’t going anywhere.

A Populist Challenge To Corporate Capitalism

Download A Populist Challenge To Corporate Capitalism PDF Online Free

Author : William Van Lear
Publisher : World Scientific Publishing Company
ISBN 13 : 9813105925
Total Pages : 124 pages
Book Rating : 4.8/5 (131 download)

Book Synopsis A Populist Challenge To Corporate Capitalism by : William Van Lear

Download or read book A Populist Challenge To Corporate Capitalism written by William Van Lear and published by World Scientific Publishing Company. This book was released on 2002-01-30 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out some important developments in the evolution of capitalism and judges whether this evolution is in accord with fundamental American principles. Particular attention is paid to the corporation, business cycles, and various monetary issues. Are the corporation and the financial structure congruent with foundational principles of American society? Is contemporary monetary policy compatible with American principles and current economic evolution? These are the central questions posed by the book.The text explores the issues of income distribution, business cycles, the great 1990s expansion and why it may end, and capitalist development stages. Business cycles, growth, and income distribution are all affected by the existing stage. The description and importance of money manager capitalism are discussed, and the current monetary policy regime is critiqued. In addition, the reform of monetary policy along heterodox lines is described.The subsequent section of the text presents the central argument. America is based on a set of core principles, as laid out by important documents, thinkers, and eras. These principles inform American political economy and are populism-oriented. Yet, despite explicit foundational principles, US economic history demonstrates that the corporation has evolved along a path inconsistent with these principles. This book calls for a renewal of populist economic reform, and shows what contemporary forces may pull America along such a path.A Populist Challenge to Corporate Capitalism is a discourse in political economy and is instructional in that it describes the causes of economic growth and cycles, and the process by which monetary policy affects economic activity. This effort pulls together elements of American history and important political-economic concepts to argue that contemporary monetary policy and the corporate form of business are not consistent with either money manager capitalism or the country's fundamental principles.

Discovery and the Capitalist Process

Download Discovery and the Capitalist Process PDF Online Free

Author : Israel M. Kirzner
Publisher :
ISBN 13 : 9780022643775
Total Pages : 183 pages
Book Rating : 4.6/5 (437 download)

Book Synopsis Discovery and the Capitalist Process by : Israel M. Kirzner

Download or read book Discovery and the Capitalist Process written by Israel M. Kirzner and published by . This book was released on 1985 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: