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  • Capital and Capitalism

    The Role of Economic Calculation in the Market Economy

    by Eduard Braun ...
    Series series Routledge Frontiers of Political Economy
    Capitalism is an economic system where almost all production and trade activities are organised by enterprises whose purpose is to maximise the return on the capital that has been invested in them. Economists, however, have almost universally defined capital in a way that makes it impossible for them to analyse important practical and societal aspects of the economic calculations of capital-based ... Read more

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  • How to Read Marx's Capital

    Commentary and Explanations on the Beginning Chapters

    An accessible companion to Karl Marx's essential CapitalWith the recent revival of Karl Marx's theory, a general interest in reading Capital has also increased. But Capital—Marx’s foundational nineteenth-century work on political economy—is by no means considered an easily understood text. Central concepts, such as abstract labor, the value-form, or the fetishism of commodities, can seem opaque to ... Read more

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  • Capital as Power

    A Study of Order and Creorder

    Series series RIPE Series in Global Political Economy
    Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good ... Read more

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  • Institutions and Economic Theory

    The Contribution of the New Institutional Economics

    Series series Economics, Cognition, And Society
    This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the ... Read more

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  • Imagined Futures

    by Jens Beckert ...
    Consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How do these actors assess uncertainty? Jens Beckert adds a new chapter to the theory of capitalism by showing how fictional expectations drive modern economies—or throw them into crisis when imagined futures fail to materialize. ... Read more

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  • Markets

    by Patrik Aspers ...
    Series series Economy and Society
    Our lives have gradually become dominated by markets. They are not only at the heart of capitalistic economies all over the world, but also central in public debates. This insightful book brings together existing knowledge on markets from sociology, economics and anthropology, and systematically investigates the different forms of markets we encounter daily in our social lives.Aspers starts by ... Read more

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  • Keystroke Capitalism

    How Banks Create Money for the Few

    by Aaron Sahr ...
    Translated by Sharon Howe ...
    Series series Futures
    Why society needs to reclaim the power to create moneyAt the heart of capitalism lies the ability of private banks to create money at the stroke of a key. Why have we ignored this unique privilege for so long – and at what cost? Aaron Sahr attributes the lack of attention paid to money creation to the core of popular theories of capitalism, which equate economic power with capital ownership. This ... Read more

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  • New Financial Ethics

    A Normative Approach

    by Aloy Soppe ...
    Series series Routledge Frontiers of Political Economy
    Following the internationalisation, globalisation and deregulation of the financial market over the last few decades, the financial sector has evolved from a servicing industry into an initiating and leading sector in the international industrialised economy. The power of the financial sector, including Credit Rating Agencies, determines the creditworthiness of companies and countries. Today’s ... Read more

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  • New Approaches to Monetary Theory

    Interdisciplinary Perspectives

    Edited by Heiner Ganssmann ...
    Series series Routledge International Studies in Money and Banking
    Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or ... Read more

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  • The Mechanisms of Governance

    This book brings together in one place the work of one of our most respected economic theorists, on a field in which he has played a large part in originating: the New Institutional Economics. Transaction cost economics, which studies the governance of contractual relations, is the branch of the New Institutional Economics with which Oliver Williamson is especially associated. Transaction cost ... Read more

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  • Stories of Capitalism

    Inside the Role of Financial Analysts

    by Stefan Leins ...
    The financial crisis and the recession that followed caught many people off guard, including experts in the financial sector whose jobs involve predicting market fluctuations. Financial analysis offices in most international banks are supposed to forecast the rise or fall of stock prices, the success or failure of investment products, and even the growth or decline of entire national economies. ... Read more

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  • Capital and Interest

    by F. A. Hayek ...
    Series Book 11 - The Collected Works of F. A. Hayek
    Produced throughout the first fifteen years of Hayek's career, the writings collected in Capital and Interest see Hayek elaborate upon and extend his landmark lectures that were published as Prices and Production and work toward the technically sophisticated line of thought seen in his later Pure Theory of Capital. Illuminating the development of Hayek's detailed contributions to capital and ... Read more

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