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Richard Westra’s Theory of Financialization and the Renewal of the Uno–Sekine Approach to the Dialectic of Capital

Jelle Versieren

Review of Radical Political Economics, 2017, vol. 49, issue 4, 680-687

Abstract: Uno and Sekine considered the early postwar stage as a qualitative divergence from the structural characteristics of capitalism resulting in a gradual ex-capitalist transition. For Westra, the disintegration happens when self-commodified money capital in the money and capital markets disintermediates itself from the value augmentation processes in the production sphere. Westra develops a theory of financialization of globalization distinctive from the post-Keynesian notion of finance-led growth regime or the classical Marxist notion of finance capital.

Keywords: KÅ zÅ Uno; Thomas Sekine; Richard Westra; financialization; Karl Marx (search for similar items in EconPapers)
JEL-codes: B30 B51 G01 N20 P16 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:49:y:2017:i:4:p:680-687

DOI: 10.1177/0486613416669341

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