Global Crisis and Reproduction of Capital
by Stavros Tombazos (Author)

About the Author
Stavros Tombazos is Associate Professor of Political Economy and German Political Philosophy at the Department of Social and Political Sciences, University of Cyprus, Cyprus. His research interests include social class and inequality, theories of the state, nationalism, racism, and immigration.

About this book
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.

Brieft contents
1 Introduction 1
2 Profitability, Accumulation and Industrial Capital 13
3 Private Consumption, Wage Share of GDP and Reproduction Schemas 29
4 Money Capital, Fictitious Capital and “Toxic” Capital 45
5 Economic Policies and Economic Perspectives 61
6 Conclusion 79
Index 87

Series: Palgrave Insights into Apocalypse Economics
Length: 90 pages
Publisher: Palgrave Pivot; 1st ed. 2019 edition (January 28, 2019)
Language: English
ISBN-10: 3030057240
ISBN-13: 978-3030057244

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