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Understanding Financial Markets

In: Ecological Money and Finance

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  • David Bourghelle

    (IAE, Université de Lille)

Abstract

Our era is characterized by a dangerous inversion in which the economic subsystem, driven by financial indicators, colonizes the bio-geo-physical supersystem in which it is embedded. This is how Lagoarde-Segot and Martinez (2021) speak of the ‘transformation’ caused by financialized capitalism: a finance that is disengaged from the economy, itself disengaged from the social and natural environment in which the economic and financial actors are immersed. What is finance? How do financial markets work? What is their role? What risks do they pose to our societies? These are the questions we will answer in this chapter.

Suggested Citation

  • David Bourghelle, 2023. "Understanding Financial Markets," Springer Books, in: Thomas Lagoarde-Segot (ed.), Ecological Money and Finance, chapter 0, pages 333-378, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-14232-1_11
    DOI: 10.1007/978-3-031-14232-1_11
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