The collected papers of Costas Lapavitsas are a pathway to Marxist monetary theory, a field that continues to attract strong interest. The papers range far and wide, including markets and money, finance and the enterprise, power and money, the financialisation of capitalism, finance and profit, even money as art. Despite its breadth, the collection remains highly coherent. Money and finance are pre-eminent, even dominant, features of contemporary capitalism. Lapavitsas has been one of the first political economists to notice their ascendancy and to devote his research to it. He offers a resolutely Marxist perspective on contemporary capitalism while remaining conversant with the history of political economy, sensitive to mainstream economic theory, and fully aware of the empirical reality of financialisation.
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NOTE: Lapavitsas’s work centers on a commodity theory of money; this is in contrast to sociologist Geofferey Ingham who subscribes to a credit/state theory of money.
For those interested in performing a review of this book for URPE’s flagship journal, Review of Radical Political Economics, please get in touch with David Barkin