Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.
- ISBN10 1781682461
- ISBN13 9781781682463
- Publish Date 4 November 2013
- Publish Status Out of Print
- Out of Print 15 March 2021
- Publish Country GB
- Imprint Verso Books
- Format Hardcover
- Pages 416
- Language English
- URL https://penguinrandomhouse.com/books/isbn/9781781682463