Adopting the view that Marx's notion of 'commodity' has a wider reach than is usually supposed, and that it is this notion, rather than a 'labour theory of value' that is the cornerstone of his economic theory, this paper shows that Marx's account of capitalist exploitation is one that accords...

The subject of this paper is the contemporary postcolonial condition. Its central argument is that this condition is one of perpetual entrapment in circular motion as any progression registered by postcolonial countries by participating in the global capitalist system as independent states is...

Adopting the view that Marx's notion of "commodity" has a wider reach than is usually supposed, and that it is this notion, rather than a "labour theory of value" that is the cornerstone of his economic theory, this paper shows that Marx's account of capitalist exploitation is one that accords...

There is no doubt that the shadow banking system played an important role in the global financial crisis. What is in question is whether it played a causal or merely amplifying role. This paper argues in favour of the latter. Focusing specially on the process of the production of CDOs through...

The legal rule of corporate limited liability is not generally considered to have any fundamental economic significance. This is why the idea of reforming this rule can be raised in discussions concerning corporate accountability and this is why political or administrative difficulties rather...

The rise in the popularity of commercial corporate governance ratings is at once a source of dismay and a cause for alarm: the former because they do not appear to give accurate predictions of corporate performance and the latter because they add to the pressure on corporations to adapt their...

With global finance reshaping the world economy, this insightful new book provides a full account of the EU’s financial integration strategy, together with a critical assessment arguing the case for social control over global finance. Written by acknowledged experts in European finance,...