Details

Capitalism With Derivatives


Capitalism With Derivatives

A Political Economy of Financial Derivatives, Capital and Class

von: D. Bryan, M. Rafferty

96,29 €

Verlag: Palgrave Macmillan
Format: PDF
Veröffentl.: 16.12.2005
ISBN/EAN: 9780230501546
Sprache: englisch
Anzahl Seiten: 248

Dieses eBook enthält ein Wasserzeichen.

Beschreibungen

What are the links between things as diverse as the prices of pork bellies, interest rates, and corporate stock? They are all being translated into risk and priced through the system of derivative markets. Financial derivatives are now the largest form of financial transaction in the world, and they are transforming in pervasive ways the lived experience of capitalist economies. Financial derivatives are anchoring the global financial system and challenging the conventional understanding of ownership, money and capital. These challenges are examined in this book, providing a significant reinterpretation of contemporary capitalism that will be of interest to both social scientists and conventional finance scholars.
Introduction PART 1: DERIVATIVES AS CAPITAL A New Perspective on the Role of Finance Derivatives and Derivative Markets From the Joint Stock Company to Financial Derivatives PART 2: DERIVATIVES AND INTERNATIONAL FINANCE Anchoring the Global Financial System New, Global, Capitalist Money Global Competition PART 3: DEBATING DERIVATIVES Speculation, Derivatives and Capital Controls Derivatives and the Development of Capitalist Relations References Index
DICK BRYAN is Associate Professor in Political Economy at the University of Sydney, Australia. His research interests lie in value theory, economic nationalism and financial markets. Amongst his publications is <EM>The Chase Across the Globe: International Capital and the Contradictions for Nation States</EM>.<BR><BR>MICHAEL RAFFERTY teaches Economics and Finance at the Faculty of Commerce, University of Wollongong, Australia. He is also Research Associate at the Baltic Financial Markets Group at the University of South Stockholm, Sweden. His research interests include international finance and investment, as well as emerging capital markets. Amongst his publications is the <EM>Global Economy in Australia: Global Integration and National Economic Policy</EM>, with Dick Bryan.