Fetishism and Financialization

Ann E. Davis

Review of Radical Political Economics, 2017, vol. 49, issue 4, 551-558

Abstract: The capitalist system is based on property rules, which are the same for all forms of property. Yet these rules operate differently for capital and labor as distinct forms of property. This paradox obscures the role of living labor as the source of surplus value, and hence mystifies money as self-expanding value. This “fetishism of money†facilitates “financialization,†prevents accurate analysis of the capitalist system, and the formulation of alternatives.

Keywords: critiques of and alternatives to capitalism; economic methodology; endogenous money and finance; evolution of capitalist institutions; finance (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0486613417718874 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:49:y:2017:i:4:p:551-558

DOI: 10.1177/0486613417718874

Access Statistics for this article

More articles in Review of Radical Political Economics from Union for Radical Political Economics
Bibliographic data for series maintained by SAGE Publications ().