EconoFiction

Autumn of the System: Poetry and Financial Capital

3 Feb , 2019  

It is worth recalling at this juncture that M-C-M! is not the formula for
economic circulation as such, but a specific mode of same: that of capitalism. Parallel to this is the oft-elided fact that Marx nowhere claims that the sale of commodities for money is peculiar to capitalism, but ...

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EconoFiction

Ramping the Markets: Banking on Ponzi Finance

7 Nov , 2017  

When funded pension schemes were first put forward at the beginning of the 1970s as a private sector alternative to state earnings-related pensions, the merchant (investment) banks and stockbroking firms that promoted them did not anticipate how successful they would become in that, by the following decades, pension schemes and ...

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EconoFiction

Indecent Bazaars

30 Okt , 2017  

Peripheral markets may be defined as markets which generate only a small proportion of their financial inflows from local business and investors, but which attract the interest of ‘global’ investors. Emerging markets and markets for financial exotica such as financial derivatives are examples of such peripheral markets. Because emerging markets ...

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