This book provides an original account of financialisation and outlines the creation of fictitious profits as a basis to describe the present phase of capitalist accumulation in the neoliberal era. Making innovative theoretical elaborations on Marx's notion of fictitious capital, Financial Speculation and Fictitious Profits offers a dialectic analysis of the increasing financialization during this crisis-ridden period based on the original concepts of fictitious profit and fictitious wealth.Combining the most important research from over twenty years of scholarly inquiry with groundbreaking new studies, Financial Speculation and Fictitious Profits is more than a collection of texts by political economists on a contemporary topic; it is a synthesis of an intense process of academic production that began with work of Karl Marx and has resulted in the formulation of a differentiated interpretative perspective on the contemporaryevolution of capitalist crisis.

Autorentext

**Gustavo Moura de Cavalcanti Mello **is Professor in the Department of Economics and the Post-Graduate Programme in Social Policy at the Federal University of Espírito Santo, Brazil

**Mauricio de Souza Sabadini **is Professor in the Department of Economics and the Post-Graduate Programme in Social Policy at the Federal University of Espírito Santo, Brazil

Inhalt

1.      Chapter 1. Introduction

2.      Chapter 2. The place of money in Marx's theory of capital

            Introduction             Money in Marx's intellectual pathway to capital

            The saga of chapter three: money as the antecessor of capital

            The category money in Capital             Final considerations**

3.      Chapter 3. Speculative Capital And The Dematerialisation Of Money

            Introduction

            On the concept of parasitic speculative capital             Redundancy, contamination and a new concept

            Exaggerated conclusions, speculative capital and fictitious remuneration

            On the nature of money

            Money and credit money             Credit money and measures of value

            Reformulating the thesis             From the simple equivalent to money in Marx

            Money and gold 4.      Chapter 4. Crypto-Currencies: From the Fetishism of Gold To Hayek Gold

            Introduction

            Crypto-currencies             The creation and circulation of Bitcoin             Can bitcoin assume the functions of money in capitalism?

                        Measurement of values

            Means of circulation             Money itself

            Money as capital             The crypto-currencies, their theological mantras and their ideological underpinnings

            Final Considerations 5.      Chapter 5. Financialisation and the contradictory unity between the real and financial dimensions of capital accumulation

       &a...