ebook9783030057251d4325

Description

This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism,¬†and why fiscal and monetary policies pursued in its wake¬†have failed to rejuvenate economies. With an innovative interpretation of the crisis and a focus on ‘toxic capital‚Äô ‚Äì a sub-division of Karl Marx‚Äôs concept of fictitious capital ‚Äì Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation.