Munich Personal RePEc Archive

Financial Systems and Capital Markets: an alternative view

Mavroudeas, Stavros and Lapavitsas, Costas (1999): Financial Systems and Capital Markets: an alternative view. Published in: C.Siriopoulos (ed.), ‘Topics in Financial Economics and Risk Management Analysis’, Paratiritis (1999)

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This paper presents the Marxist theory of the financial system and the capital markets. First, it surveys the orthodox literature on the relationship between finance and the economy. Then, the function of the capital markets is analysed. Finally the differences between the orthodox and the Marxist perspective are being explained.

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