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Weeks, John (1999) 'The Essence and Appearance of Globalization: The Rise of Finance Capital.' In: Adams, Francis, Gupta, Satya Dev and Mengisteab, Kidane, (eds.), Globalization and the Dilemmas of the State in the South. London: Macmillan, 50 -74.

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Abstract

The pundits and ideologues of capital have a story to tell and repeat it early and often. The world economy has entered a new period, in which new rules apply derived from the economics of the pre-Keynesian period. Indeed, whatever insights Keynes might have had, they have been swept into the dustbin of history, along with those of others who argued for reforms of capitalism. Needless to say, the radical critics of capitalism are no more than an intellectual curiosity, rather like Ptolemaic astronomers and medieval alchemists.

Item Type: Book Chapters
Keywords: Foreign Direct Investment, Commercial Bank, Finance Capital, Debt Crisis, Country Group
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > Department of Development Studies
ISBN: 9780333729496
DOI (Digital Object Identifier): https://doi.org/10.1057/9780230372603_4
Date Deposited: 23 Feb 2009 16:51
URI: https://eprints.soas.ac.uk/id/eprint/6504

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