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Credit, fictitious capital, financial fragility and crises: theoretical discussions, origins and ways of addressing the current financial crisis

The article discusses the current crisis, comparing Marxian and Post-Keynesian views. The first section examines the theoretical reasons why crises are inherent in the functioning of capitalism, according to each theory. The second shows why and how neoliberalism has caused the crisis to worsen, even though it is inherent to capitalism. The third section critically examines the limits of the current policies in addressing the crisis.

Financial Crisis; Fictitious capital; Marxism; Post-Keynesianism


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