Fictitious capital, how finance is appropriating our future, Cédric Durand ; translated by David Broder
Type
Label
Fictitious capital, how finance is appropriating our future, Cédric Durand ; translated by David Broder
Language
eng
Bibliography note
Includes bibliographical references and index
Illustrations
illustrations
Index
index present
Literary Form
non fiction
Main title
Fictitious capital
Nature of contents
bibliography
Oclc number
959258956
Responsibility statement
Cédric Durand ; translated by David Broder
Sub title
how finance is appropriating our future
Summary
"The 2007-08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization.... Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power.... Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter."--Page 4 of cover
Table Of Contents
Introduction : the sign of autumn -- Beyond greed -- Financial instability -- Fictitious capital : the genealogy of a concept -- The contemporary rise of fictitious capital -- Financial accumulation -- Where do financial profits come from? -- Finance in service of the metamorphoses of capital -- The enigma of profits without accumulation -- Epilogue