Understanding Financial Markets
David Bourghelle ()
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David Bourghelle: IAE, Université de Lille
Chapter Chapter 11 in Ecological Money and Finance, 2023, pp 333-378 from Springer
Abstract:
Abstract Our era is characterized by a dangerous inversion in which the economic subsystem, driven by financial indicators, colonizes the bio-geo-physical supersystem in which it is embedded. This is how Lagoarde-Segot and Martinez (2021) speak of the ‘transformation’ caused by financialized capitalism: a finance that is disengaged from the economy, itself disengaged from the social and natural environment in which the economic and financial actors are immersed. What is finance? How do financial markets work? What is their role? What risks do they pose to our societies? These are the questions we will answer in this chapter.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-14232-1_11
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DOI: 10.1007/978-3-031-14232-1_11
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