History of Economics: Theories of Credit and Finance
Last update V/3/2005
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I. FAMOUS ECONOMISTS ON FINANCIAL MARKETS:
CONTEMPORARY RECONSTRUCTIONS AND INTERPRETATIONS
1. Anderson, G. M., Tollison, R. D. (1982) Adam Smith's Analysis of Joint-Stock Companies Journal of Political Economy 90 (6): 1237-56
2. Diatkine, S., Rosier, M. (1999) Steuart and Smith on Banking Systems and Growth. Studies in the History of Economics 26: 218-234
3. Gherity, G.A. (1994) The Evolution of Adam Smith's Theory of Banking. History of political economy 26 (3): 423-441
4. Henderson, J. P. (1986) Agency or Alienation? Smith, Mill, and Marx on the Joint-Stock Company. History of Political Economy 18 (1): 111-31
5. Hollander, S. (1999) Jeremy Bentham and Adam Smith on the Usury Laws: A 'Smithian' Reply to Bentham and a New Problem. European Journal of the History of Economic Thought 6 (4): 523-51
6. Jadlow, J. M. (1977) Adam Smith on Usury Laws. Journal of Finance 32(4): 1195-1200
8. Laidler, D. (1981) 'Adam Smith as a monetary economist'. Canadian journal of economics XIV (2): 185-200
9. Levy, D. M. (1987) Adam Smith's Case for Usury Laws. History of Political Economy 19 (3): 387-400
10. Niehans, J. (1997) 'Adam Smith and the Welfare Cost of Optimism'. History of political economy 29 (2): 185-200
11. Ortmann, A. (1999) The Nature and Causes of Corporate Negligence, Sham Lectures, and Ecclesiastical Indolence: Adam Smith on Joint-Stock Companies, Teachers, and Preachers History of Political Economy 31 (2): 297-315
12. Paganelli, M.P. (2003) In Medio Stat Virtus: An Alternative View of Usury in Adam Smith's Thinking History of Political Economy 35 (1): 21-48
13. Perlman, M. (1989) Adam Smith and the Paternity of the Real Bills Doctrine. History of Political Economy 21 (1): 77-90
14. Skaggs, N.T. (1999) Adam Smith on Growth and Credit: Too Weak a Connection?. Journal of Economic Studies 26 (6): 481-496
1. Bellofiore, R. (1998) Marx's Theory of Money and Credit Revisited: A Comment on the Chapters by Suzanne De Brunhoff and Ferdinando Meacci. Marxian economics: A reappraisal: Essays on Volume III of Capital. Volume 1. Method, value and money: 205-15
5. Cohen, A. (1995) 'Divided capitalism and Marx's concept of politics'. Political studies XLIII: 92-104
6. Crotty, J. (1985) The Centrality of Money, Credit and Financial Intermediation in Marxs Crisis Theory: an Interpretation of Marxs Methodology. Rethinking Marxism: Essays in Honor of Harry Magdoff and Paul Sweezy: 45-81
7. Crotty, J. (1987) The Role of Money and Finance in Marxs Crisis Theory. The Imperiled Economy Book 1: Macroeconomics from a Left Perspective: 71-81
8. De Brunhoff, S. (1990) Fictitious Capital. The New Palgrave: Marxian Economics. John Eatwell,
9. De Brunhoff, S. (1998) Money, Interest and Finance in Marxs Capital Marxian Economics: A Reappraisal Essays on Volume III of Capital: Volume 1: Method, Value and Money: 176-88
10. Eltis, W. (1991) Marx on the Unproductiveness of the Financial Sector and Its Tendency to Grow Marx and modern economic analysis. Volume 2. The future of capitalism and the history of thought: 129-46.
11. Fan-Hung (1939-1940) Keynes and Marx on the Theory of Capital Accumulation, Money and Interest. Review of Economic Studies 7: 28-41
12. Fine, B. (1985-86) Banking Capital and the Theory of Interest. Science & Society 49(4): 387-413
13. Foley, D. (1997) Credit and Fictitious Capital. A Dictionary of Marxist Thought, 2nd edition. Tom Bottomore (ed.): 115-116
14. Hein, E. (2002) 'Money, Interest and Capital Accumulation in Karl Marx's Economics: A Monetary Interpretation'. WSI-Diskussionspapier, Nr. 102
15. Keen, S. (1996) The Chaos of Finance: The Chaotic and Marxian Foundations of Minsky's "Financial Instability Hypothesis.". Economies et Societes 30 (2-3): 55-82
16. Lapavitsas C. (1997) Two Approaches to the Concept of Interest-Bearing Capital. International Journal of Political Economy 27 (1): 85-106
17. Lianos, T.P. (1987) Marx on the Rate of Interest. Review of Radical Political Economy 19 (3): 34-55
18. Meacci, F. (1998) Fictitious Capital and Crises. Marxian Economics: A Reappraisal Essays on Volume III of Capital: Volume 1: Method, Value and Money: 189-204
19. Moore, B. J. (1991) Marx, Keynes, Kalecki and Kaldor on the Rate of Interest as a Monetary Phenomenon. Nicholas Kaldor and mainstream economics: Confrontation or convergence?: 225-42
21. Panico, C. (1980) Marxs Analysis of the Relationship Between The Rate of Interest and the Rate of Profits.
22. Panico, C. (1988) Marx on the Banking Sector and the Interest Rate. Science and Society 52 (2): 310-25
24. Perelman, M. (1990) The Phenomenology of Constant Capital and Fictitious Capital. Review of Radical Political Economics 22 (2-3): 66-91
25. Plasmeijer, H. W. (1998) Marx on the Natural Rate of Interest: Did Marx Hold a Monetary Theory of Income Distribution?. Marxian economics: A reappraisal: Essays on Volume III of Capital. Volume 1. Method, value and money: 233-53
26. Reuten, G. (2002) The Rate of Profit Cycle and the Opposition between Managerial and Finance Capital. A Discussion of Capital III, Part Three to Five. The Culmination of Capital. Essays on Volume III of Marxs Capital: 174-211
27. Ricciardi, J. (1987) Rereading Marx on the Role of Money and Finance in Economic Development: Political Perspectives on Credit from the 1840s and 1850s. Research in Political Economy, Volume 10: 61-81.
28. Sardoni, C. (1998) Marx's Theory of Money and Interest: A Reconsideration in the Light of Robertson and Keynes. Marxian economics: A reappraisal: Essays on Volume III of Capital. Volume 1. Method, value and money: 271-85
29. Schefold, B. (1998) The Relation between the Rate of Profit and the Rate of Interest: A Reassessment after the Publication of Marx's Manuscript of the Third Volume of Das Kapital. Marxian economics: A reappraisal: Essays on Volume III of Capital. Volume 1. Method, value and money: 127-44
30. Shaikh, A. (1989) Accumulation, Finance, and Effective Demand in Marx, Keynes, and Kalecki. Financial dynamics and business cycles: New perspectives: 65-86
32. Shuklian, S. (1991). Marx on Credit, Interest and Financial Instability. Review of Social Economy 49(2): 196-217.
see also ECONOMARX:
see also Conference
Marx's Theory of Money: Modern Appraisals (
1. Brewer, A. (1990)
Marxist Theories of Imperialism, a Critical Survey. (second,
2. Brewer, A. (1983) Review of Finance Capital. Economica 50: 102-103
4. Harris, L. (1988) Alternative Perspectives on the Financial System. New perspectives on the financial system: 7-35
6. Joao Antonio de Paula, Hugo Cerqueira and Eduardo da Motta e Albuquerque (2002) Finance and industrial evolution: introductory notes on a key relationship for the capitalist accumulation. in Textos para Discussao Cedeplar-UFMG with number td179 from Cedeplar, Universidade Federal de Minas Gerais
8. Pinto, N.P.A.(1998) 'Finance Capital Revisited'. Marxian Economics: A Reappraisal, vol. 1: 216-232
9. Zoninsein, J. (2000) Rudolf Hilferding's Theory of Financial Capitalism and Today's World Financial Markets. The theory of capitalism in the German economic tradition: Historism, ordo-liberalism, critical theory, solidarism: 275-304
1. Bolbol, A. A. and M. A. Lovewell (2001) Three views on stock markets and corporate behavior: Tobin, Veblen, and Marx Journal of Post Keynesian Economics, Vol. 23 Issue 3: 527-544.
2. Cornhels, J. (2004) 'Veblen's Theory of Finance Capitalism and Contemporary Corporate America'. Journal of Economic Issues. Vol. 38 Issue 1: 29-58
3. Dimand R.W. (2004) Echoes of Veblens Theory of Business Enterprise in the Later Development of Macroeconomics: Fishers Debt-Deflation Theory of Great Depressions and the Financial Instability Theories of Minsky and Tobin. International Review of Sociology - Revue Internationale de Sociologie, Vol. 14, No. 3: 461-470.
4. Dirlam, J. B. (1958) The Place of Corporation Finance in Veblen's Economics. Thorstein Veblen: A Critical Reappraisal: 113-128.
5. Ganley, W.T. (2004) The Theory of Business Enterprise and Veblens Neglected Theory of Corporation Finance. Journal of Economic Issues. Vol. 38 Issue 2: 397-403
6. Hake, E. R. (1998) Financial Innovation as Facilitator of Merger Activity. Journal of Economic Issues 32 (1): 145-170
7. Hake, E. R. (2004) 'The Appearance of Impairment: Veblen and Goodwill-Financed Mergers'. Journal of Economic Issues. Vol. 38 Issue 2: 389-395
8. Kelso, P.R. and B.L. Duman (1992) A Veblenian View of Minsky's Financial Crisis Theory International Journal of Social Economics, Vol. 19 Issue 10-12: 222-235.
9. Lawson, C., and L. L. Lawson. (1990) Financial System Restructuring: Lessons from Veblen, Keynes, and Kalecki. Journal of Economic Issues. Vol. 24 Issue 1: 115-132.
10. Medlen, G. (2003) Veblen's Q - Tobin's Q. Journal of Economic Issues 37 (4): 967-986
11. Phillips, R.J. (1988) Veblen and Simons on Credit and Monetary Reform. Southern Economic Journal, Vol. 55 Issue 1: 171-182
12. Raines, J. P. and C. G. Leathers (1992) Financial Innovations and Veblen's Theory of Financial Markets. Journal of Economic Issues, Vol. 26 Issue 2: 433-441.
13. Raines, J. P. and C. G. Leathers (1996) Veblenian Stock Markets and the Efficient Markets Hypothesis. Journal of Post Keynesian Economics, Vol. 19 Issue 1: 137-152
14. Raines, J. P. and
C. G. Leathers (2000) Stock Markets In Veblen's
Theory Of Business
J. A. SCHUMPETER
1. Arena, R. (1999) Banks, Credit, and the Financial System in Schumpeter: An Interpretation. The legacy of Joseph A. Schumpeter. Volume 2: 117-27
4. Burlamaqui L. (2000) Schumpeterian Competition, Financial Innovation and Financial Fragility : An Exercise in Blending Evolutionary Economics with Minsky's Macrofinance. Paper given at the 8th Schumpeter Conference "Change, Development and Transformation"
5. Earley, J. S. (1994) Joseph Schumpeter: A Frustrated "Creditist". New perspectives in monetary macroeconomics: Explorations in the tradition of Hyman P. Minsky: 337-51
7. King, R. G. and R. Levine (1993) Finance and Growth: Schumpeter Might Be Right. Quarterly Journal of Economics. Vol. 108 Issue 3: 717-38.
8. King, R. G. and R. Levine (1993) Finance, Entrepreneurship, and Growth: Theory and Evidence. Journal of Monetary Economics 32 (3): 513-42
10. Messori, M. (2002) Credit and Money in Schumpeter's Theory, Mimeo
13. Raines, J. P. (2002) 'Financial innovations in Schumpeter's theory
of economic development and business cycles'. Paper presented at HES
14. Sinha, T. (2001) The Role of Financial Intermediation in Economic Growth: Schumpeter Revisited. Economic Theory in the Light of Schumpeter's Scientific Heritage, S. B. Dahiya and V. Orati (eds.): 63-70
J. M. KEYNES
1. Arena, R. and Raybaut, A. (1998) Credit and Financial Markets in Keynes's Conception of Endogenous Business Cycles: An Interpretation. Non-linear dynamics and endogenous cycles. Lecture Notes in Economics and Mathematical Systems, vol. 463: 147-61
3. Davidson P. (1990) Shackle and Keynes vs. Rational Expectations Theory on the Role of Time, Liquidity, and Financial Markets Unkowledge and Choice in Economics: ???-???
4. Dimand R.W. and H.Hagemann (2004) Keyness Q, Myrdals Q, and Tobins q. Paper presented at CEA 38th Annual Meetings
5. Gootzeit, M.J. (1988) The Role of Money in Keynes' Treatise Credit Market Model Bulletin of the History of Economics Society Vol.10 (1): 33-45
6. Lawlor, M. S. (1997) Keynes and Financial Market Processes in Historical Context: From the Treatise to The General Theory. Essays in honour of Geoff Harcourt. Volume 1. Capital controversy, post-Keynesian economics and the history of economic thought: 235-48
7. Lawlor, M. S. (1994) On the Historical Origin of Keynes's Financial Market Views History of Political Economy Vol. 26, Suppl.: 184-225.
8. Mott, T., and C. Grainger (1995). The Role of the Rentier in Keynes's and Kalecki's Conceptions of Capitalism. Social Concept. Vol. 7: 83-105.
9. Nardozzi, G. (1998) 'The Relevance of Keynes's Thought on Financial Markets'. Economic Theory and Social Justice. G. Gandolfo and F. Marzano (eds.): 176-187
10. Raines, J. P. and C. G. Leathers (2000) Keynes on Speculative Stock Markets. Economists and the Stock Market: Speculative Theories of Stock Market Fluctuations: ???-???
11. Rousseas, S. (1994) 'The Spheres of Industrial and Financial Circulation Revisited'. Economies et Societes, Serie MP9, janvier-fevrier: 315-328
A. (1983) Kalecki and Keynes on finance, investment
2. Messori, M. (1991), Financing in the Kalecki's theory. Cambridge Journal of Economics, Vol.15, n.3, 301-13
3. Mott, T. (1985-86) Toward a post-Keynesian Formulation of Liquidity Preference. Journal of Post Keynesian Economics, 8 (2): 222-232
5. Sawyer, M. (1985)
The Economics of Michal Kalecki
1. Dimand, R. W. (1994). Irving Fisher's Debt-Deflation Theory of Great Depressions. Review of Social Economy 52, 92-107.
2. King, M. (1994) Presidential Address: Debt Deflation: Theory and Evidence. European Economic Review 38: 419-445.
4. Pavanelli, G. (2001) The Great Depression In Irving Fishers Thought Mimeo
M. (1996) Irving Fishers Debt-Deflation Theory: Its Relevance to Current
F. von HAYEK
2. Bernard, H. and J. Bisignano (2001) Bubbles And Crashes: Hayek And Haberler Revisited Research in Financial Services. Vol. 13: 3-40
5. O'Driscoll, G. P. (1994) An evolutionary approach to banking and money. Hayek, Co-ordination and Evolution: His Legacy in Philosophy, Politics, Economics and the History of Ideas. J. Birner and R. van Zijp (eds.): 126-137
7. Witt, U. (1997) The Hayekian Puzzle: Spontaneous Order and The Business Cycle. Scottish Journal of Political Economy Vol 44 (1): 44-58
II. HISTORY OF FINANCIAL ECONOMICS
1. Bernstein P.L.
(1992) Capital Ideas: The Improbable Origins of Modern Wall Street.
7. Jovanovic, F., and P. Le Gall (2001) Does God Practice a RandomWalk? The Financial Physics of a French 19th Century Pioneer, Jules Regnault. European Journal for the History of Economic Thought 8 (3): 332362
8. Jovanovic, F. and P. Le Gall (2001) March to numbers. The statistical style of Lucien March. History of Political Economy History of Political Economy, 33 (5): 86-100.
F. (2003) 'Fama's Work during the 1960s on the
history of financial theory'. Paper presented at History of Economics Society
10. Keen, S. (2001)
Debunking Economics: The Naked Emperor of the Social Sciences.
12. Miller, M. H. (1999) The History of Finance. Journal of Portfolio Management 25 (4): 95-101
13. Nichols, N.A. (1993) Efficient? Chaotic? What's the new finance?. Harvard Business Review 71 (2): 50-56
14. Poitras, G. (ed.) (2005 & 2006 forthcoming) 'Pioneers of Financial Economics' Edward Elgar Publishing
1. Contributions Prior to Irving Fisher
INTRODUCTION (Poitras, J.) PART I: The Historical and Philosophical Background Chapter 1 The Late-Medieval Origins of the Modern Financial Revolution (Munro, J.) Chapter 2 Business Ethics, Commercial Mathematics and the Rise of Mathematical Probability (Sylla, E.) Chapter 3 Dutch Trading Companies from the 16th to 18th Centuries (Jonker, J.) PART II: From Jan de Witt to Richard Price Chapter 4 The Valuation of Life Annuities: de Witt, Halley and de Moivre (Poitras, J.) Chapter 5 Joseph de la Vega and the Confusion de Confusiones (Cardoso, J.) Chapter 6 John Law and the Mississippi Scheme (Murphy, A.) Chapter 7 The Writings of Richard Price on Actuarial Science and Finance (Pradier, P.-C.) PART III: From Adam Smith to Louis Bachelier Chapter 8 The Contribution of Adam Smith to Financial Economics (Groenewegen, P.) Chapters 9 and 10 The French School: Jules Regnault and Henri Lefevre (Jovanovic, F. & P. LeGall) Chapter 11 W.S. Jevons (Maas,H.) PART IV: Early 20th century contributions Chapter 12 Louis Bachelier (Dimand, R.) Chapter 13 Early contributors to Financial Management: William Lough, Edward Meade and William Ripley (Witzel, M.)
2. From Irving Fisher to Fischer Black
FOREWORD (Rubinstein, M.) OVERVIEW (Poitras, J.) PART I: Possible Approaches to Financial Economics Chapter 1 Old Finance, Modern Finance and New Finance (McGoun, E.G.) Chapter 2 Benjamin Graham and Traditional Finance (Dimand, R.) Chapter 3 The Early Dow theorists: Charles Dow and William Peter Hamilton (Goetzmann, W.) PART II: The Roots of Modern Finance Chapter 4 Irving Fisher (Dimand, R.) Chapter 5 J.B. Williams and Discounted Cash Flow Analysis (Bierman, H.) Chapter 6 Macaulay, Redington and the Roots of Fixed Income Analysis (Poitras, G.) PART III: The Modern Finance Revolution Chapter 7 H. Markowitz and W. Sharpe (Ziemba, W.) Chapters 8 Attacking the Old Finance: The Modiglianit-Miller Theorems (Rubinstein, M.) Chapter 9 The Efficient Markets Hypothesis (Davidson, P.) PART IV: The Evolution of Modern Finance Chapter 10 Fischer Black and the Derivative Securities Revolution (Petzel, T.E.) Chapter 11 The Rise of Behavioral Finance (Shefrin, H.) Chapter 12 Technical Analysis, Ergodicity and Modern Finance (Poitras, J.)
15. Poitras, G. (2004) Security Analysis and Investment
16. Poitras, G. (2000) The Early
History of Financial Economics, 1478-1776: From Commercial Arithmetic to Life
Annuities and Joint Stocks.
(Chapter 2; Chapter 3; Chapter 8; Chapter 10; Chapter 11; All the other chapters and the Bibliography)
17. Pratten, C. (1993) The Stock
19. Rubinstein, M. 'Great
Moments in Financial Economics Series' in Journal of Investment Management (
21. Toporowski, J. (2001) 'El factor critico de las finanzas en la economia del siglo XX (The Critical Factor of Finance in the Economics of the Twentieth Century. With English summary)' Momento Economico 113 (Jan.-Feb.): 2-15
22. Toporowski, J. (April 2005 forthcoming) 'Theories Of Financial Disturbance. An Examination of Critical Theories of Finance from Adam Smith to the Present Day'. Edward Elgar Publishing
(Introduction Part I: A Premonition of Financial Fragility 1. Adam Smiths Economic Case Against Usury 2. The Vindication of Finance Part II: Critical Theories of Finance in the Twentieth Century: Unstable Money and Finance 3. Thorstein Veblen and Those Captains of Finance 4. Rosa Luxemburg and the Marxist Subordination of Finance 5. Ralph Hawtrey and the Monetary Business Cycle 6. Irving Fisher and Debt Deflation 7. John Maynard Keyness Financial Theory of Under-Investment I: Towards Doubt 8. John Maynard Keyness Financial Theory of Under-Investment II: Towards Uncertainty Part III: Critical Theories of Finance in the Twentieth Century: In the Shadow of Keynes 9. The Principle of Increasing Risk I: Marek Breit 10. The Principle of Increasing Risk II: Michal Kalecki 11. The Principle of Increasing Risk III: Michal Kalecki and Josef Steindl on Profits and Finance 12. A Brief Digression on Later Developments in Economics and Finance 13. The East Coast Historians: John Kenneth Galbraith, Charles P. Kindleberger, and Robert Shiller 14. Hyman P. Minskys Financial Instability Hypothesis 15. Conclusion: The Disturbance of Economists by Finance Bibliography Index )
III. CONTEMPORARY HETERODOX THEORIES OF FINANCIAL MARKETS
1. Post Keynesian View of Financial Markets
P. (1988) 'Post-Keynesian Theory of Money, Credit and Finance'. Post-Keynesian
4. Arestis, P., Demetriades, P. and Luintel, K. (2001) 'Financial Development and Economic Growth: The Role of Stock Markets'. Journal of Money, Credit, and Banking, 33: 16-41
5. Argitis, G. (2003) 'Finance, Instability and Economic Crisis: The Marx, Keynes and Minsky : Problems in Contemporary Capitalism' Paper presented at the Conference 'Economics for the Future', University of Cambridge
6. Bernstein, P. L. (1998) 'Stock Market Risk In A Post Keynesian World'. Journal of Post Keynesian Economics, 21: 15-24
8. Canterbery, E. R. (1999) 'Irrational Exuberance and Rational Speculative Bubbles'. International Trade Journal, 13 (1): 1-33
9. Chick, V. (1997) 'Some reflections on financial fragility in banking and finance'. Journal of Economic Issues, 31 (2): 535-541
10. Clower, R. (1999) 'Post-Keynes Monetary and Financial Theory'. Journal of Post Keynesian Economics, 21 (3): 399-315
11. Dimand, R.W. (2003) 'Minsky and Tobin on the Instability of a Monetary Economy' Paper presented at the 1st Bi-Annual Canada/US Eastern Border Post-Keynesian Workshop: Central banking in the modern world: Alternative perspectives, University of Ottawa
12. Dymski, G. (1997) 'Deciphering Minsky's Wall Street Paradigm'. Journal of Economic Issues, 31, (2): 501-508
16. Glickman, M. (1994) 'The Concept of Information,
Intractable Uncertainty, and the
17. Kregel, J. (1998) 'Aspects of a Post Keynesian Theory of Finance'. Journal of Post Keynesian Economics, Fall, 21(1): 111-33.
19. Niggle, C. (1988) 'The Increasing Importance of Financial Capital in the U. S. Economy'. Journal of Economic Issues, 22 (2): 581-588
20. Niggle, C. (1995) 'The Role of the Financial Sector in the Socialist Economies in Transition: The Second "Primitive Accumulation of Capital"'. Review of Social Economy, 53 (3): 311-331
22. Pollin, R. (1996) 'Marxian and Post Keynesian Developments in the Sphere of Money, Credit and Finance: Building Alternative Perspectives in Monetary Macroeconomics'. Radical Political Economy, ed. V. Lippit: 205-225
23. Spotton, B. and Rowley, R. (1998) 'Efficient markets, fundamentals, and crashes: American theories of financial crises and market volatility'. American Journal of Economics & Sociology, 57 (4): 663-690
25. Studart, R. (1999) 'The efficiency of financial systems, liberalization, and economic development'. Journal of Post Keynesian Economics, 18 (2): 269-292
27. Toporowski, J. (2000) 'The end of
finance: the theory of capital market inflation, financial derivatives, and
pension fund capitalism'.
29. Wolfson, M. (1990) 'The Causes of Financial Instability'. Journal of Post Keynesian Economics, 12 (3): 333-55
2. Finance and credit in radical political economy
1. Arrighi, G. (1997) 'Financial Expansions in World Historical Perspective: A Reply to Robert Pollin'. New Left Review 224: 154-160
2. Dymski, G.A. (1990) 'Money and credit in radical political economy: A survey of contemporary perspectives'. Review of Radical Political Economics 22 (2-3): 38-65
3. Gintis, H. (1989) 'Financial markets and the political structure of the enterprise'. Journal of economic behavior and organisation 11: 311-322
4. Guttmann, R. (1994) 'How Credit Money Shapes the Economy'. Armonk: Sharpe
5. Harris, L. (1976) 'On Interest, Credit and Capital'. Economy and Society 5 (2): 145-77
M. and Lapavitsas, C. (1999) 'Political Economy of
Money and Finance'.
(PART I CLASSICAL FOUNDATIONS: 1. Classical Political Economy of Money and Credit; 2. Value and Money in Marx's Political Economy; 3. Interest-Bearing Capital: The Distinctive Marxist Approach. PART II PRINCIPLES OF CREDIT AND FINANCE: 4. The Credit System; 5. Joint-Stock Capital and the Capital Market; 6. Monetary and Financial Aspects of the Business Cycle; 7. Central Banking. PART III POSTWAR REALITIES AND THEORIES: 8. Loss of Control over Money and Finance; 9.The Rise and Fall of Keynesianism; 10. Post-Keynesian Monetary Theory; 11. Money and Credit in a Socialist Economy)
9. Lapavitsas C. and Mavroudeas S. (1999), 'Financial Systems and Capital Markets: an alternative view' in C.Siriopoulos (ed.) 'Topics in Financial Economics and Risk Management Analysis', Paratiritis
10. Magdoff, H. and Sweezy, P. (1985) 'The financial explosion. (American financial structure)'. Monthly Review: An Independent Socialist Magazine 37: 1-9
11. Magdoff, H. and Sweezy, P. (1983) 'Production and Finance'. Monthly Review: An Independent Socialist Magazine 35: 1-12
12. Parson, J.E. (1988) 'Bubble, Bubble, How Much Trouble? Financial Markets, Capitalist Development and Capitalist Crisis'. Science and Society 52 (3): 260-89
13. Sweezy, P.M. (1994) 'The Triumph of Financial Capital'. Monthly Review: An Independent Socialist Magazine 46 (2): 1-10.
14. Toporowski, J. (2003) 'Sam Aaronovitch
and the Marxian understanding of finance'. Paper presented at Association For Heterodox Economics 5th Annual Conference,
1. Aglietta, M. (2000) 'Shareholder value and corporate governance: some tricky questions'. Economy and Society Vol 29 (1): 146-159
2. Aglietta, M. and Breton, R. (2000) 'Financial systems, corporate control and capital accumulation'. Economy and Society Vol 30 (4): 433-466
3. Boyer, R. (2000) 'Is a finance-led growth regime a viable alternative to Fordism? A preliminary analysis'. Economy and Society 29(1): 111-45
4. Crotty, J. (2002) 'The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era'. Political Economy Research Institute at the Department of Economics of the University of Massachusetts, Amherst: Working paper ¹44
5. Froud, J., Haslam, C., Johal, S. and Williams, K. (2000) 'Shareholder value and financialization: consultancy promises, management moves'. Economy and Society 29 (1): 80-110
6. Krippner, G.R. (2002) 'What Is Financialization?'. Paper Prepared for the Annual Meetings of the American Sociological Association
7. Lazonick, W. and O'Sullivan, M. (2000) 'Maximizing shareholder value: a new ideology for corporate governance'. Economy and Society 29 (1): 13-35
8. Parenteau, R. (2001) 'The Economics of Euphoria: Financialization and the US Bubble'. Paper Prepared for the Political Economy Research Institute Conference on Financialization of the Global Economy
9. Stockhammer, E. (2001) 'Financialization, corporate governance and effective demand: Financialization and the slowdown of accumulation'. Paper presented at EAEPE Conference "Comparing Economic Institutions"
10. Williams, K. (2000) 'From Shareholder Value to Present-Day Capitalism'. Economy and Society 29 (1): 1-12
see also Financialization and the World Economy (forthcoming 2005). Edited by Gerald Epstein. Edward Elgar.