This book considers credit systems in the era of financialization and the erosion of state sovereignty in financial matters. Applying Marx's political economy and Post-Keynesian endogenous money theory to case studies from the UK and Germany, it argues that the best explanation for these...

Contents: Foreword / Geoff Harcourt -- Introduction: The role of government / Nikolaos Karagiannis and John E. King -- Part I: Philosophical and theoretical aspects -- 1. Policy and state in complexity economics / Wolfram Elsner -- 2. State and public sector: key economic and...