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Cover image for book Global Crisis and Reproduction of Capital

Global Crisis and Reproduction of Capital

By:Stavros Tombazos
Publisher:Springer Nature
Print ISBN:9783030057244
eText ISBN:9783030057251
Edition:0
Copyright:2019
Format:Reflowable

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This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism, and why fiscal and monetary policies pursued in its wake have failed to rejuvenate economies. With an innovative interpretation of the crisis and a focus on 'toxic capital’ – a sub-division of Karl Marx’s concept of fictitious capital – Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation.