Introduction and selected review of the literature -- Money as a social institution -- The economy as labor exchange mediated by money -- Long term history of money and the market -- Money, models, and methodology -- Fetishism and financialization -- Money and abstraction -- Conclusion

"Karl Marx hypothesized that there is a long-term tendency for the profit rate to fall in capitalist economies. Immanuel Wallerstein hypothesized that capitalist development tends to drive up labor cost, material cost, and taxation cost. This book evaluates Marx's and Wallerstein's hypotheses by...

1. Value as embodied labor -- 2. Value as a social relation -- 3. Exploitation and surplus value -- 4. Circuit of capital -- 5. Commodity money -- 6. Capital and money -- 7. Credit, crises and capital -- 8. Competition among capitals -- 9. Fixed capital and circulation -- 10. Accumulation and...

pt. 1. The long tradition of finance as a counter-productive activity in heterodox thinking : a Marxian appraisal -- pt. 2. Financial innovation, money, and capitalist exploitation : a short detour in the history of economic ideas -- pt. 3. Rethinking finance : a Marxian analytical framework --...