Credit, Fictitious Capital and Financial Crises: reviewing the antecedents of the current crisis
This paper deals with the current financial crisis from a Post-Keynesian and Marxist perspective. The more objective character of Marx‟s crises conception is compared with the more subjective origin of crises in Keynesian‟s ideas. This analysis is used to conduct a revision of critical literature about the antecedents of the current crisis, verifying its teachings. The central relationship between capitalist logic, credit and fictitious capital is emphasized, and also the relation with neoliberalism.
|Date of creation:||Nov 2010|
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