Contemporary Capitalism as a New Monetary Economy of Production: The Logic of Conventions, M&A, and LBOs

Alessandro Caiani, Andrea Fumagalli () and Stefano Lucarelli

Forum for Social Economics, 2014, vol. 43, issue 3, 223-253

Abstract: The main changes of new capitalism concern mainly two spheres: the new technological paradigm and valorization process and the importance of finance. The main feature of the prevailing finance-led growth regime during the first decade of new millennium is then presented. In this perspective, particular attention is given to the analysis of the evolution and the logic characterizing mergers and acquisitions and leverage buyouts. After describing the main features of the contemporary accumulation paradigm, we therefore proceed to the reformulation of the schemes of monetary circuit by taking into account the structural changes induced by contemporary capitalism.

Date: 2014
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DOI: 10.1080/07360932.2013.867891

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