Open AccessThe Supremacy of Finance and the Crisis
Author(s) -
Maria de Lourdes Rollemberg Mollo
Publication year - 2015
Publication title -
brazilian keynesian review
Language(s) - English
Resource type - Journals
ISSN - 2446-8509
DOI - 10.33834/bkr.v1i1.33
Subject(s) - economics , capital (architecture) , interpretation (philosophy) , financial fragility , financial crisis , politics , fragility , production (economics) , keynesian economics , finance , macroeconomics , political science , law , history , philosophy , linguistics , archaeology , chemistry
The paper discusses the untouched finance’s supremacy, despite its responsibility in the current crisis. It uses mainly ideas of Marx, Keynes and Minsky to analyze the relations between financial capital, fictitious capital and financial fragility which lead to the crisis and to discuss Keynesian solutions for it, proposing an interpretation of the reasons for the maintenance of the political and economic predominance of finance over production.