Generic Brand Making Profit Without Producing

Financialization is one of the newest concepts that have emerged in the field of political economy in the past three decades. The rantiye cannot be seen as a victory over the productive capitalist, nor is it in the grip of finance or productive capital. Finance is not a small component of the capitalist economy, nor is it a parasitic outgrowth, but rather an integral part that continues accumulation. Financial profit allows for profit to be produced from circulation processes. This is one of the distinctive features of financialized capitalism.profit without producing describes financialization in terms of the transformation in the behavior of non-financial firms, banks and households. Three distinctive trends of accumulation in developed countries have shaped financialization as a structural transformation of today's capitalism. First, non-financial companies are increasingly involved in financial transactions; The latter, banks are oriented to free market transactions and financial transactions with households rather than lending to companies; Third, the household economy is more involved in the financial system in terms of debt and assets. Financialization also has a dependent dimension in emerging countries and reflects the hierarchical nature of the world market and world money. financialized capitalism, with its biggest crisis starting in 2007, is prone to crises. Profit without production also explains the causes of the crisis, using a lot of empirical data, and discusses the options available to us to control finance. Lapavitsas, who expertly analyzes marxist money and financial theory and brings to light its little-explored aspects, not only places his work on a solid marxist foundation, but also offers an up-to-date and groundbreaking theoretical framework about financialized capitalism, which did not exist in marx's time as it does today. Profit without production is a masterpiece explaining today's financial capitalism, equivalent to the works of marx, hilferding, lenin in their own era, etc. Promotional text