The State of Capitalism

Praise for The Left Case Against the EU -- : For those wanting a clear and concise summary of the left case against the euro and of the misrepresentation of German European hegemony as the consummation of the European idea , there is no way around this book. Nowhere has the political economy of the common currency and of German ascendancy in Europe been more clearly exposed. -- Wolfgang Streeck, Max Planck Institute for the Study of Societies Costas Lapavitsas is the most important commentator on the EU and its current crises, including Brexit. This is one of the most significant books on modern politics to appear in the last decade, and virtually the only one fully to grasp the nature of our present situation. -- Richard Tuck, Harvard University Praise for Against the Troika -- : Lapavitsas is fascinating and thoughtful. * Financial Times * Costas Lapavitsas is part of the cadre of academics-turned-politicians forging Syriza's economic thinking. * Wall Street Journal * Highly readable. A fresh and imaginative look at the crisis, it contributes greatly to the relevant debate, and is especially useful in detailing the theoretical foundations of economic programmes advocated by the radical Left parties that have begun to gain strength across Europe, and in particular Syriza. * Times Higher Education * Praise for Profiting Without Producing -- : This book is a profound and panoramic study of the most powerful but destructive economic force of our time - financialization. Based on a sophisticated modern reinterpretation of Marxist theories and in depth empirical analysis, the book comes up with bold and fundamental reform proposals. It is a must-read for anyone who is committed to progressive economic and social transformation. -- Ha-Joon Chang, author of <i>23 Things They Don't Tell You About Capitalism</i> The growing dominance of global finance over the past generation ushered in the Wall Street crisis of 2007-09, and, along with it, mass unemployment and punishing austerity policies throughout the world. Building from his command of both the Marxian tradition and alternative theoretical perspectives, Costas Lapavitsas provides both a wide panorama and fresh insights as to how 'finance exploits us all.' Profiting Without Producing is a major contribution to our understanding of financialization and its discontents. -- Robert Pollin, Political Economy Research Institute, University of Massachusetts-Amherst Costas Lapavitsas has provided an original account of the difficulties that economies will face recovering from the 2008 economic crisis. It is not an optimistic picture, but one that people should struggle with. -- Dean Baker, Center for Economic and Policy Research This work is clearly a masterpiece on the financialized capitalism of our age. -- Makoto Itoh, Professor Emeritus, University of Tokyo A Marxist take on economic meltdown. Costas Lapavitsas's Profiting Without Producing highlights the corrosive effect of finance. * Financial Times * Praise for Crisis in the Eurozone -- : This book is indispensable for anyone trying to make sense of the European Union's implosion. -- Alex Callinicos, Professor of European Studies, King's College London Crisis in the Eurozone combines the urgency of front-line reporting with insightful detail about the players involved and mechanisms at work. -- Gary A. Dymski, Professor of Economics, University of California, Riverside The most comprehensive, thoughtful, and insightful dissection of the Eurozone's problems. If you could only read one item on this momentous crisis, this book would be it. -- Stergios Skaperdas, Professor of Economics, University of California, Irvine