Financial Speculation and Fictitious Profits: A Marxist Analysis (Marx, Engels, and Marxisms)

This book provides an original account of financialisation and outlines the creation of __fictitious profits__ as a basis to describe the present phase of capitalist accumulation in the neoliberal era. Making innovative theoretical elaborations on Marx’s notion of fictitious capital, __Financial Speculation and Fictitious Profits__ offers a dialectic analysis of the increasing financialization during this crisis-ridden period based on the original concepts of fictitious profit and fictitious wealth. Combining the most important research from over twenty years of scholarly inquiry with groundbreaking new studies, __Financial Speculation and Fictitious Profits__ is more than a collection of texts by political economists on a contemporary topic; it is a synthesis of an intense process of academic production that began with work of Karl Marx and has resulted in the formulation of a differentiated interpretative perspective on the contemporary evolution of capitalist crisis. Front Matter ....Pages i-xxv Introduction (Helder Gomes, Gustavo Moura de Cavalcanti Mello, Paulo Nakatani, Mauricio de Souza Sabadini, Adriano Lopes Almeida Teixeira)....Pages 1-7 The Place of Money in Marx’s Theory of Capital (Adriano Lopes Almeida Teixeira)....Pages 9-41 Speculative Capital and the Dematerialization of Money (Reinaldo Antonio Carcanholo)....Pages 43-61 Crypto-Currencies: From the Fetishism of Gold to Hayek Gold (Paulo Nakatani, Gustavo Moura de Cavalcanti Mello)....Pages 63-85 Financialization and the Contradictory Unity Between the Real and Financial Dimensions of Capital Accumulation (Paulo Nakatani, Adriano Lopes Almeida Teixeira, Helder Gomes)....Pages 87-115 Parasitic Speculative Capital: A Theoretical Precision on Financial Capital, Characteristic of Globalization (Reinaldo Antonio Carcanholo, Paulo Nakatani)....Pages 117-137 Profit, Interest, Rent, and Fictitious Profit (Gustavo Moura de Cavalcanti Mello, Mauricio de Souza Sabadini)....Pages 139-181 The Nature and the Contradictions of the Capitalist Crisis (Paulo Nakatani, Helder Gomes)....Pages 183-209 Back Matter ....Pages 211-215