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The Moral Economy of Money and the Future of European Capitalism

In: The Global Crash

Author

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  • Stefan Collignon

Abstract

The financial and economic crisis has raised new questions about the future of the capitalist system. Twenty years after the fall of the Wall in Berlin, the alternative is clearly no longer a planned economy, Soviet style, but the fragility of the capitalist system is again apparent to everyone. Curiously, Marx never fully understood the nature of money, finance and capital. He explained the capitalist crisis by the fall of return on real capital, but the system’s systemic instability resides in the financial sphere.

Suggested Citation

  • Stefan Collignon, 2010. "The Moral Economy of Money and the Future of European Capitalism," Palgrave Macmillan Books, in: Leila Simona Talani (ed.), The Global Crash, chapter 2, pages 32-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28153-0_3
    DOI: 10.1057/9780230281530_3
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