This book provides a comprehensive introductory guide to the political economy and finance. There has been a strong revival of Western Marxist political economy in recent years, but despite the importance of financial instability, output in the area of finance has been meager. This paucity of analysis has to be confronted, even if only to clarify the basic socio-economic relations of capitalist production in its actual dynamics. Marx's own theories, and the contributions of his followers in Japan, will be presented and employed in the analysis of contemporary issues.

Political Economy of Money and Finance

Costas Lapavitsas

Costas Lapavitsas Makoto Ito Makoto Itoh

PALGRAVE~MACMILLAN

About the Author\nCostas Lapavitsasis Professor of Economics at SOAS. He has published widely on money and finance, the Japanese economy, and the Eurozone. He writes often for the international press and his most recent books are Profiting Without Producing (Verso, 2013) and Against the Troika (Verso, 2015, with H. Flassbeck).\nThe work of Costas Lapavitsas on money and finance develops Marxist monetary theory offering fresh insight into contemporary capitalism. It is fully conversant with the history of political economy, mainstream economic theory and the empirical reality of financialisation.

Marxist Monetary Theory (Historical Materialism, 134)

Business & Money

Economics

BRILL

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Books by Costas Lapavitsas