Coverart for item
The Resource The end of finance : the theory of capital market inflation, financial derivatives and pension fund capitalism, Jan Toporowski

The end of finance : the theory of capital market inflation, financial derivatives and pension fund capitalism, Jan Toporowski

Label
The end of finance : the theory of capital market inflation, financial derivatives and pension fund capitalism
Title
The end of finance
Title remainder
the theory of capital market inflation, financial derivatives and pension fund capitalism
Statement of responsibility
Jan Toporowski
Title variation
End of finance: capital market inflation, financial derivatives and pension fund capitalism
Creator
Subject
Language
eng
Summary
  • "The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of the firms, provides only short-term conditions that are propitious for privatization, and distorts monetary policy in the long term. The author examines the role of pension fund schemes and financial derivatives in transmitting capital market inflation and provides a nuanced analysis of the contradictory role they play in the financial system. Capital market inflation is also examined in its historical context and compared with past inflations, in particular the South Sea and Mississippi Bubbles, which spawned the first financial derivatives and the first privatizations
  • This broad historical vision allows us to see these forms of inflation as temporary and provisional in character."--BOOK JACKET. "A proper understanding of these complex phenomena, it is argued, depends on a critique of orthodox finance theory which merely extrapolates financial values from the past into a future of utopian equilibrium. The original theory of finance which grows out of this critique will be of interest to students and researchers of financial economics, practitioners in finance, and policy makers."--Jacket
  • "The End of Finance develops a theory of capital market inflation rooted in the work of Veblen, Kalecki, Keynes and Minsky, demonstrating how it disinclines productive activity on the part of the firms, provides only short-term conditions that are propitious for privatization, and distorts monetary policy in the long term. The author examines the role of pension fund schemes and financial derivatives in transmitting capital market inflation and provides a nuanced analysis of the contradictory role they play in the financial system. Capital market inflation is also examined in its historical context and compared with past inflations, in particular the South Sea and Mississippi Bubbles, which spawned the first financial derivatives and the first privatizations
  • This broad historical vision allows us to see these forms of inflation as temporary and provisional in character."--BOOK JACKET. "A proper understanding of these complex phenomena, it is argued, depends on a critique of orthodox finance theory which merely extrapolates financial values from the past into a future of utopian equilibrium. The original theory of finance which grows out of this critique will be of interest to students and researchers of financial economics, practitioners in finance, and policy makers."--BOOK JACKET
Member of
Cataloging source
DLC
http://library.link/vocab/creatorName
Toporowski, Jan
Illustrations
illustrations
Index
index present
LC call number
HG4523
LC item number
.T673 2000
Literary form
non fiction
Nature of contents
bibliography
Series statement
Routledge frontiers of political economy
Series volume
25
http://library.link/vocab/subjectName
  • Capital market
  • Derivative securities
  • Pension trusts
Label
The end of finance : the theory of capital market inflation, financial derivatives and pension fund capitalism, Jan Toporowski
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [151]-155) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Pt. 1. The theory of capital market inflation -- pt. 2. Ponzi finance and pension fund capitalism -- pt. 3. Financial derivatives and liquidity preference -- pt. 4. Conclusion
Control code
40776710
Dimensions
25 cm
Extent
xvi, 160 pages
Isbn
9780415208819
Isbn Type
(hb.)
Lccn
99012801
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
Label
The end of finance : the theory of capital market inflation, financial derivatives and pension fund capitalism, Jan Toporowski
Publication
Bibliography note
Includes bibliographical references (pages [151]-155) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Pt. 1. The theory of capital market inflation -- pt. 2. Ponzi finance and pension fund capitalism -- pt. 3. Financial derivatives and liquidity preference -- pt. 4. Conclusion
Control code
40776710
Dimensions
25 cm
Extent
xvi, 160 pages
Isbn
9780415208819
Isbn Type
(hb.)
Lccn
99012801
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations

Library Locations

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      38.944491 -92.326012
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