Finance, Accumulation and Monetary Power: Understanding Financial Socialism in A

Description: Finance, Accumulation and Monetary Power by Daniel Woodley This accessible yet rigorous book examines the development of financial socialism in advanced capitalist economies in the decade since the global financial crisis of 2007-2009. It explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description This accessible yet rigorous book examines the development of financial socialism in advanced capitalist economies in the decade since the global financial crisis of 2007–2009. This new term refers to an attempt to resolve the accumulation crisis of capital through coordinated central bank activism, where state circuits of monetary capital assume a critical role in the reproduction of capitalist social relations. The book explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy. Their failure to re-engineer growth following the technology boom of the late 1990s and the global financial crisis are driving fundamental changes in the form and function of capitalist money, which have yet to be theorized adequately. Finance, Accumulation and Monetary Power presents a revealing and radical critique of the failure of the International Political Economy to apprehend changes taking place within capitalism, employing a critical-theoretical analysis of contradictions in the capitalist reproduction scheme. The book will be of key interest to scholars, students and readers of international political economy, critical political economy, heterodox economics, globalization, international relations, international political sociology, business studies and finance. Author Biography Daniel Woodley teaches Politics at DLD College in London, UK, and is the author of numerous books and articles on political theory and international politics, including Fascism and Political Theory (2010) and Globalization and Capitalist Geopolitics (2015). Table of Contents Part I: Theorizing the crisis 1. The failure of neoclassical economics 2. Heterodox aproaches to capitalist crisis 3. Critical value theory Part II: Financial socialism 4. Accumulation and monetary power in postliberal capitalism 5. Postliberal capitalism 6. Monetary internationalism 7. Conclusion Review "In Finance, Accumulation and Monetary Power, Daniel Woodley expertly depicts and uncovers the key structural problems that contemporary postliberal capitalism faces. As the book shows, we are moving towards what Woodley terms financial socialism, in which nation-states and international organisations are required to stabilise an increasingly unstable global capitalism, using monetary policy to prop up the value of money and assets – and in doing so, to sow the seeds of the next crisis. The book is a must-read for anyone with an interest in the ongoing stagnation of the global economy, and the likely sources of the current crisis to come. At the end of a ten-year period of quantitative easing and ultra-loose monetary policy we still exist in a period of secular stagnation – this book goes beyond the surface-level explanations of both mainstream and heterodox economics, to show why this is the case." David J. Bailey, University of Birmingham, UK Review Quote "In Finance, Accumulation and Monetary Power , Daniel Woodley expertly depicts and uncovers the key structural problems that contemporary postliberal capitalism faces. As the book shows, we are moving towards what Woodley terms financial socialism, in which nation-states and international organisations are required to stabilise an increasingly unstable global capitalism, using monetary policy to prop up the value of money and assets - and in doing so, to sow the seeds of the next crisis. The book is a must-read for anyone with an interest in the ongoing stagnation of the global economy, and the likely sources of the current crisis to come. At the end of a ten-year period of quantitative easing and ultra-loose monetary policy we still exist in a period of secular stagnation - this book goes beyond the surface-level explanations of both mainstream and heterodox economics, to show why this is the case." David J. Bailey, University of Birmingham, UK Details ISBN0367338521 Author Daniel Woodley Publisher Taylor & Francis Ltd Year 2019 ISBN-10 0367338521 ISBN-13 9780367338527 Format Paperback Imprint Routledge Subtitle Understanding Financial Socialism in Advanced Capitalist Economies Place of Publication London Country of Publication United Kingdom Affiliation DLD College, London, UK Pages 246 DEWEY 332.01 Publication Date 2019-11-11 Language English UK Release Date 2019-11-11 AU Release Date 2019-11-11 NZ Release Date 2019-11-11 Illustrations 3 Tables, black and white Alternative 9780367338558 Audience Tertiary & Higher Education We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:135713391;

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