Political Economy of Money and Finance

Why is it so difficult to maintain order and harmony in the field of money and finance in today's capitalism? This is one of the questions that most preoccupies today's mainstream economists. The economic policies implemented by capitalist economies since the early 1970s further deepened monetary and financial instability. Leading schools of economic thought are trying to resolve this complex issue in different ways. Since neoclassical economics sees capitalism as an ahistorical and natural social order, it attributes monetary and financial instability to the erroneous policies of the authorities in the field of money and finance: If the mistakes and misconceptions were eliminated, the natural harmony underlying the capitalist economy would be able to reveal itself!

Criticizing the neoclassical naturalistic perspective, this book provides a systematic explanation and defense of the Marxist theory of money and finance, focusing on monetary and financial instability. The characteristic strength of Marxist political economy is its emphasis on the historically specific nature of capitalism. Adopting a broad historical perspective, Marxist analysis of monetary and financial instability focuses in particular on the following points: The roots of capitalist monetary and financial instability must be sought not only in market transactions (and the influence of authorities on these transactions) but in the capitalist accumulation process itself. And to fully grasp today's monetary and financial instability, it is necessary to understand its historical evolution. The Political Economy of Money and Finance is a basic reference source that addresses money and finance issues in an alternative way to mainstream economics.



Number of Pages: 286

Year of Print: 2012


Language: Turkish
Publisher: Yordam Kitap

First Print Year: 2012

Language Turkish