Global Crisis and Reproduction of Capital

  • Stavros Tombazos

Part of the Palgrave Insights into Apocalypse Economics book series (PIAE)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Stavros Tombazos
    Pages 1-11
  3. Stavros Tombazos
    Pages 61-78
  4. Stavros Tombazos
    Pages 79-85
  5. Back Matter
    Pages 87-90

About this book


This Palgrave Pivot uses Marxian economic categories and analysis to explore the deeper causes of the 2008 global economic crisis, what the crisis represents for capitalism, and why fiscal and monetary policies pursued in its wake have failed to rejuvenate economies.

With an innovative interpretation of the crisis and a focus on 'toxic capital’ – a sub-division of Karl Marx’s concept of fictitious capital – Tombazos examines the specificities of economic reproduction under neoliberalism and financialisation.

Stavros Tombazos is Associate Professor of Political Economy and German Political Philosophy at the Department of Social and Political Sciences, University of Cyprus, Cyprus. His research interests include social class and inequality, theories of the state, nationalism, racism, and immigration.


Global financial crisis Reproduction of capital Great recession Marxist economics Capitalist economy Apocalypse economics Toxic capital Fictitious capital Financialisation Surplus value Net Investment of Fixed Capital Labour productivity Industrial capital Economic crises Money capital Neoliberal policies

Authors and affiliations

  • Stavros Tombazos
    • 1
  1. 1.University of CyprusNicosiaCyprus

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019
  • Publisher Name Palgrave Pivot, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Print ISBN 978-3-030-05724-4
  • Online ISBN 978-3-030-05725-1
  • Series Print ISSN 2523-8108
  • Series Online ISSN 2523-8116
  • Buy this book on publisher's site
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