In his rigorous review of Crisis in the Eurozone, written by Costas Lapavitsas and his colleagues from the Research on Money and Finance group, Alex Cistelecan bounces the book’s arguments off Jürgen Habermas’s The Crisis of the European Union.
What comes out of this skillful comparison is the depth of Lapavitsas’s arguments about the nature of the problems that the European Union is facing at the moment. Unlike Habermas, whose focus is mainly on the moral dimension of a problem not even dubbed a “crisis”, the kernel of Lapavitsas’s analysis is to emphasize “the profound and structural nature of these problems, and of the underlying contradiction built into the European legal and institutional construction.”
Costas Lapavitsas has written an article for the Guardian examining the surge of financialization and its “penetration … into every nook and cranny of society”. In the article he explores some of the ideas present in his latest book, Profiting Without Producing, as well as those investigated in Crisis in the Eurozone. In this new article, Lapavitsas argues that since the financial crisis, mature economies have shifted toward accepting and even perpetuating overwhelmingly dominant financial sectors.
Costas Lapavitsas has recently written an article for CITY journal entitled ‘The financialization of capitalism’, which explains some of the key ideas in his recently published book Profiting Without Producing. He explains some of the most important processes and changes that have taken place thanks to the last four decades of ‘financialization’, including changes in forms of capital accumulation and profit-making.