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Crisi e centralizzazione del capitale finanziario (Crysis and Centralization of Financial Capital)

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  • Emiliano Brancaccio, Orsola Costantini, Stefano Lucarelli

    (Università degli Studi del Sannio, Università degli Studi di Bergamo, Université Paris 1)

Abstract

The possible nexus between economic crises and what Marx and Hilferding referred to as “centralisation” of capital is one of the themes raised by the “great recession”. The article reviews the main studies devoted to such a nexus, comparing the Marxist and mainstream economic literature. A double causal relation is analysed: both concerning the role of centralisation in feeding the contradictions of the capitalist system and its recurrent crises, and the impact of these crises on the very process of centralisation.

Suggested Citation

  • Emiliano Brancaccio, Orsola Costantini, Stefano Lucarelli, 2015. "Crisi e centralizzazione del capitale finanziario (Crysis and Centralization of Financial Capital)," Moneta e Credito, Economia civile, vol. 68(269), pages 53-79.
    • Handle: RePEc:psl:moneta:2015:13
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    File URL: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/13164/12978
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    References listed on IDEAS

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    More about this item

    Keywords

    centralizzazione del capitale; crisi economica; marxismo;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G01 - Financial Economics - - General - - - Financial Crises
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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