The Macroeconomics of Finance-Dominated Capitalism – and its Crisis
Abstract
In this timely and thought-provoking book, Eckhard Hein illustrates that the Great Recession, which hit the world economy in 2008/09, is rooted in the contradictions of finance-dominated capitalism. The author provides an in-depth exploration of the macroeconomics of finance-dominated capitalism, its problems and its crisis, and presents economic policy lessons and alternatives.
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The mark-up pricing of firms in incompletely competitive markets is the major approach in determining functional income distribution in the industrial sector.
“The model primarily argues that the mark-up pricing of firms in incompletely competitive markets such as monopoly and/or oligopoly is the major approach in the determination of functional income distribution in the industrial sector.”
From Financialization and the Labor Share of Income (2019) · cites this paper as Hein (2012)
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Self-citation
- Authors
- Hein, E.
- Corresponding author
- Hein, Eckhard
- ORCID
- Hein, Eckhard
- Venue
- Edward Elgar Publishing eBooks
- Publisher
- Edward Elgar Publishing
- Published
- 2012-08-31
- OpenAlex
- W429772433
- Cited by
- 317
- References
- 0
- Citations by year
- 2026: 6 · 2025: 48 · 2024: 9 · 2023: 21 · 2022: 27 · 2021: 24 · 2020: 36 · 2019: 14 · 2018: 10 · 2017: 30 · 2016: 27 · 2015: 26 · 2014: 22 · 2013: 14 · 2012: 3
- FWCI
- 35.89
- Type
- book
- Language
- en
- Open access
- closed
- Locations
- Edward Elgar Publishing eBooks (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Finance › Housing, Finance, and Neoliberalism
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Keywords
- Great Recession, financial crisis, financialization, economic policy
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