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Informationen zum Autor Geoffrey Ingham is Reader in Political Economy and Sociology at the University of Cambridge. Klappentext Global financial markets are in turmoil. In the wake of the US subprime mortgage defaults, some of the largest and oldest financial institutions on Wall Street have found themselves on the verge of collapse, and both the American and British governments have intervened to try to stabilize the financial sector. Why are financial institutions so important for capitalism, and why are so many of these institutions in trouble today?This book provides a basic introduction to the 'nuts and bolts' of capitalism for the beginner. It examines the classic accounts of capitalism found in the works of Adam Smith, Keynes and others and analyses the key institutions of modern capitalism. Ingham shows that monetary and financial institutions have always been central to the development of capitalism, that global financial markets have expanded on a far greater scale than ever before and that, as has been seen in the past, unleashed money-capital possesses immense self-destructive power. A must-read for anyone who wants to understand global capitalism today. Zusammenfassung Now with a substantial new postscript on the financial crisis This book provides a basic introduction to the 'nuts and bolts' of capitalism. It starts by examining the classic accounts of capitalism found in the works of Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, and John Maynard Keynes. Inhaltsverzeichnis Introduction 1 Part I Classical theories of capitalism 5 1 Smith, Marx and Weber 7 2 Schumpeter and Keynes 36 3 The basic elements of capitalism 52 Part II The institutions 63 4 Money 65 5 Market exchange 92 6 The enterprise 119 7 Capital and financial markets 147 8 The state 175 9 Conclusions 204 Postscript: the financial crisis and its aftermath 227 Notes 265 References 290 Index 304 ...
