Financialization and Capital Accumulation

Carlos Aguiar de Medeiros and Fabian Amico

Journal of Economic Issues, 2019, vol. 53, issue 2, 587-594

Abstract: In the last decades, financial activities have grown disproportionately compared to other activities. This aroused a growing discussion in Keynesian and Marxian economists about the structures of modern capitalism and the role played by the dominance of finance on capital accumulation. After a brief review of the main issues, we discuss some mechanisms explored in this literature connecting financialization and aggregate investment.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:53:y:2019:i:2:p:587-594

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DOI: 10.1080/00213624.2019.1606657

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