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List of contents
List of Figures. List of Tables. Preface. List of Abbreviations 1. Introduction 2. Paradoxes of Crisis and Growth: The Landscape 3. The Twin Concepts of Capital: Historical Roots 4. Financial Breeding: Legitimisation of Interest on Money 5. Critique of Neoclassical Economics and Revival of the Idea of Circuit Analysis 6. The Circuit Construct: Nascent Corporate Production Economy 7. Rudimentary Formulation of the Circuit 8. Matured Corporate Accumulation: The Creditisation Phase 9. The Financial Circuit: Leveraging the Growth 10. Concluding Note: The Present as the Future. Appendix: Notes on Some Financial Aspects. Bibliography. Index
About the author
Smita Roy Trivedi is Assistant Professor at the National Institute of Bank Management (NIBM) in India. She has a PhD in economics from the University of Kalyani, West Bengal, India, where she has worked as UGC research fellow. With specialisation in financial economics and banking, she is currently involved in teaching, training, research, and consultancy in the areas of international banking, financing of international trade, and technical analysis of financial markets. Her research interests include financialisation, central bank intervention, and bank profitability. Her most recent publications have featured in Economic Papers: A Journal of Applied Economics and Policy (2016) and Asia-Pacific Financial Markets (2016).
Sutanu Bhattacharya is Professor of Economics at the University of Kalyani, West Bengal, India, and has been engaged in teaching and research since 1978. Along with a PhD in economics, he has professional qualifications as a cost and management accountant and an operational researcher. He specialises in financial economics, business accounting and corporate finance, operational research, econometrics, history of economics, and economics of education. In addition, he has work experience in the fields of corporate finance and educational administration. He has published widely, and has worked as a covenanted staff member in the Finance Division, Chloride India Ltd. and as Joint Secretary, University Grants Commission, India.
Summary
This book examines how contemporary financial economy evolved as the predominant economic system, and why unabated accumulation of financial capital takes place in such systems. It reviews the mechanics of accumulation of wealth by tracing the historical roots of financial capital. Traversing the evolutions of capitalist systems since the 1850s
