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A Permanent Crisis

The Financial Oligarchy’s Seizing of Power and the Failure of Democracy

Authors: Chesney, Marc

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  • - Proposes a new micro-tax be applied to all electronic payments (household and financial sector level) that would allow for all other taxes to be reduced and possibly abolished.
  • - Promotes the need for critical thinking at undergraduate and graduate levels
  • - Engages in a topical debate that continues to underpin the future stability of the economics discipline
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eBook $19.99
price for USA in USD (gross)
  • ISBN 978-3-030-00518-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $27.99
price for USA in USD
  • ISBN 978-3-030-00517-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This short book describes the role big banks played in the financial crisis of 2008 while denouncing the financial oligarchy’s seizing of power and the dangers it represents for democracy today. There have been many books since the financial crisis that have considered historical events leading up to the crisis but few that consider a solution. Ten years after the great financial crash, this book synthesises the historical developments and introduces a proposal aimed at rebalancing the economy and society at large. The author presents a novel solution that would change current tax systems in the developed world, in their entirety.

This book will be of interest to students, practitioners and researchers, as well as the wider informed audience.

About the authors

Marc Chesney is Professor of Finance and Director of the Department of Banking and Finance at the University of Zurich, Switzerland. He was previously Professor and Associate Dean at HEC Paris from 1993 until 2000 and is currently a member of the European NGO Finance Watch. For many years he has been developing a critical analysis of the financial sector as well as casino finance.

Table of contents (6 chapters)

Table of contents (6 chapters)
  • Yesterday and Today

    Pages 1-14

    Chesney, Marc

  • Trying to Satisfy Financial Markets Is but a Vain Task

    Pages 15-35

    Chesney, Marc

  • Liberalism: The Financial Sphere Does Not Practice What It Preaches

    Pages 37-51

    Chesney, Marc

  • Characteristics of Casino Finance

    Pages 53-77

    Chesney, Marc

  • The Birth of Homo-Financiarius and the Subservience of the Elite

    Pages 79-90

    Chesney, Marc

Buy this book

eBook $19.99
price for USA in USD (gross)
  • ISBN 978-3-030-00518-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $27.99
price for USA in USD
  • ISBN 978-3-030-00517-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
A Permanent Crisis
Book Subtitle
The Financial Oligarchy’s Seizing of Power and the Failure of Democracy
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature
eBook ISBN
978-3-030-00518-4
DOI
10.1007/978-3-030-00518-4
Softcover ISBN
978-3-030-00517-7
Edition Number
1
Number of Pages
XV, 111
Topics