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Contemporary Capitalism as a New Monetary Economy of Production: The Logic of Conventions, M&A, and LBOs

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  • Alessandro Caiani
  • Andrea Fumagalli
  • Stefano Lucarelli

Abstract

The main changes of new capitalism concern mainly two spheres: the new technological paradigm and valorization process and the importance of finance. The main feature of the prevailing finance-led growth regime during the first decade of new millennium is then presented. In this perspective, particular attention is given to the analysis of the evolution and the logic characterizing mergers and acquisitions and leverage buyouts. After describing the main features of the contemporary accumulation paradigm, we therefore proceed to the reformulation of the schemes of monetary circuit by taking into account the structural changes induced by contemporary capitalism.

Suggested Citation

  • Alessandro Caiani & Andrea Fumagalli & Stefano Lucarelli, 2014. "Contemporary Capitalism as a New Monetary Economy of Production: The Logic of Conventions, M&A, and LBOs," Forum for Social Economics, Taylor & Francis Journals, vol. 43(3), pages 223-253, December.
    • Handle: RePEc:taf:fosoec:v:43:y:2014:i:3:p:223-253
    DOI: 10.1080/07360932.2013.867891
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    References listed on IDEAS

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    1. Christian Marazzi, 2010. "The Violence of Financial Capitalism," MIT Press Books, The MIT Press, edition 1, volume 1, number 1584350830, December.
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    3. Gabriel Colletis & Bernard Paulré, 2008. "Les nouveaux horizons du capitalisme - Pouvoirs, valeurs, temps," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00315543, HAL.
    4. Carlo Vercellone, 2003. "Sommes-nous sortis du capitalisme industriel," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00649360, HAL.
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