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Production Capitalism vs Financial Capitalism - Symbiosis and Parasitism. An Evolutionary Perspective and Bibliography


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  • Erik S. Reinert
  • Arno Mong Daaol Author-X-Name-FirstArno Mong


This working paper presents a note and an extensive bibliography on the relationship between production capitalism and financial capitalism. The document was produced for a conference held at Leangkollen outside Oslo on September 3-4, 1998. The background for the conference was the Asian financial crisis that started in July 1997. The massive Russian financial crisis had started a few days before the conference, on August 17, 1998, and the Russian participant, Prof. Vladimir Avtonomov, brought fresh news from these dramatic events. The conference was organized by Erik Reinert, who at the time worked for Norsk Investorforum, an organisation which at the time organized Norwegian production capitalists and later helped Reinert launch The Other Canon Foundation. Reinert was at the time also affiliated with SUM, Centre for Development and the Environment at the University of Oslo. The global financial crisis that started in 2008 . ten years after this conference . vindi- cates the perspectives presented here, and prompted the wish to make the note and the very extensive bibliography of relevant, but mostly forgotten, litterature on the relationship between the production sector and the monetary sector of the economy. The conference programme is found at the end of the document.

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Paper provided by TUT Ragnar Nurkse School of Innovation and Governance in its series The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics with number 36.

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Length: 53 pages
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:tth:wpaper:36

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Cited by:
  1. Reinert, Erik S., 2013. "Civilizing capitalism: “good” and “bad” greed from the enlightenment to Thorstein Veblen (1857-1929)," MPRA Paper 47931, University Library of Munich, Germany.


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