The theory of the monetary circuit aims to provide a highly stylised account of the workings of a modern monetary production economy. While there may have been a time when it succeeded in this aim, that time is over. The key development in the monetary sphere of capitalism over recent decades is...

This contribution attempts to explain the recent financial crisis and the subsequent Great Recession from the point of view of incentives that change as a consequence of securitization and contagion processes. It provides a critical analysis of the basic principles of the Asymmetric Information...

This paper reviews recent arguments put forward by international and national agencies committed to the advancement of financial education programmes. It shows the extent to which this commitment is symptomatic of financialised contemporary capitalist societies that have promoted the steady...

The purpose of this paper is threefold. First is to comment upon the nature of financialisation. Second is to frame how this leads financialisation to be understood whether consciously or otherwise. And, third, is to draw out implications for surveying households as their experiences and...

This paper is a review and critique of the pension policy literature that discusses trends in the evolution of pension systems in the European Union over the last three decades, and the determinants of those trends. It is argued here that much of the analysis of recent developments remains at...

The theory of the monetary circuit aims to provide a highly stylised account of the workings of a modern monetary production economy. While there may have been a time when it succeeded in this aim, that time is over. The key development in the monetary sphere of capitalism over recent decades is...