The cost of living crisis

(and how to get out of it)

We are living through a cost of living crisis, with interest rate hikes and the prices of everyday consumables and energy bills sky-rocketing. Why is this happening? Sometimes we are told that wages are too high, or that the government has "printed" too much money ...

The State of Capitalism

Economy, Society, and Hegemony

The health emergency that broke out in 2020 is a landmark event in the development of capitalism, confirming the underlying change signalled by the Great Crisis of 2007-9. The Pandemic Crisis has catapulted the state to the centre of economic activity. However, a historic impasse ...

The left case against the EU

Many on the left see the European Union as a fundamentally benign project with the potential to underpin ever greater co-operation and progress. If it has drifted rightwards, the answer is to fight for reform from within. In this iconoclastic polemic, economist Costas Lapavitsas demolishes ...

Marxist monetary theory

collected papers

This essential volume collects the papers of Costas Lapavistas, one of the first political economists to notice the ascendancy of money and finance as dominant features of contemporary capitalism. These ground breaking papers range far and wide, covering markets and money, finance and the enterprise ...

Beneficios sin producción

cómo nos explotan las finanzas

En este libro estudia en profundidad la "financiarización", probablemente el concepto más relevante para entender el capitalismo contemporáneo y, por ende, la larga fase de crisis que se inició en 2007. Entendida como una forma de organización económica que ya no busca asegurar el crecimiento ...

Against the Troika

crisis and austerity in the Eurozone

On the 25th January 2015 the Greek people voted in an election of historic importance - not just for Greece but potentially all of Europe. The radical party Syriza was elected and austerity and the neoliberal agenda is being challenged. Suddenly it seems as if there ...

Contra la Troika

crisis y austeridad en la eurozona

El 25 de enero de 215 los griegos votaron en unas elecciones de relevancia histórica no solo para Grecia, sino, potencialmente, para toda Europa. El triunfo del partido radical Syriza supone un desafío frente a la austeridad y la agenda neoliberal. De repente es como ...

Profiting without producing

how finance exploits us all

Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. "Profiting Without Producing" puts forth a distinctive view defining financialization in terms of the ...

Financialization in crisis

The ongoing economic crisis commenced in the sphere of finance, spread to production, and then became a world recession. In this important and timely volume several well-known political economists draw on the insights of Marxist and other heterodox economics to argue that the turmoil of ...

Crisis en la eurozona

Primero fue la crisis del crédito, y gobiernos de todo el mundo intervinieron para rescatar a los bancos; después vino la crisis de la deuda soberana, que ha golpeado duramente a la eurozona. Ahora es el momento de pagar las consecuencias, y ciudadanos de a ...

El capitalismo financiarizado

expansión y crisis

La crisis financiera actual surgió en EEUU por culpa de la enorme expansión de los préstamos hipotecarios, que se concedieron incluso a las capas más pobres de la clase trabajadora. Las instituciones financieras se beneficiaron sobre todo comerciando con deudas, más que mediante el interés ...

Social foundations of markets, money and credit

What is the difference between money and capital? Is anti-globalization necessarily anti-money? These points and many more are debated and dealt with in "Social Foundations of Markets, Money and Credit". The book examines the case that the capitalist economy is permeated with non- economic relations ...