Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class

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Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class Powered By Docstoc
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Description: Throwing into question the veracity of balance-of-payments data as much as that of corporate balance sheets, while being a source of 'endogenous liquidity' and so sidelining central banks as the guardians of the money supply, derivatives pose challenges for capital's gatekeepers as much as they do for any progressive politics (see Liu, 2007).
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