Theories of financialization of non-financial corporations: a critique

Vol. 42 No. 1 (2022)

Jan-Mar / 2022
Published January 20, 2022
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Cipolla, Francisco Paulo, and Paolo Giussani. 2022. “Theories of Financialization of Non-Financial Corporations: A Critique”. Brazilian Journal of Political Economy 42 (1):128-49. https://doi.org/10.1590/0101-31572022-3160.

Theories of financialization of non-financial corporations: a critique

Francisco Paulo Cipolla
Professor do Departamento de Economia da UFPR – Universidade Federal do Paraná, Curitiba/PR, Brasil.
Paolo Giussani
Economista independente radicado em Milão. Paolo Giussani foi, generosamente, meu orientador de fato durante a realização de meu Estágio Sênior na Université Panthéon Sorbonne – Paris I, França durante os anos de 2014 e 2015. Paolo faleceu no dia 13 de janeiro de 2020.
Brazilian Journal of Political Economy, Vol. 42 No. 1 (2022), Jan-Mar / 2022, Pages 128-149

Abstract

Financialization is often seen as a consequence of higher returns on financial
assets. Yet, how can that be possible if the rate of interest is systematically lower than the
profit rate? This article addresses this issue.

JEL Classification: E11.


Keywords: Financialization financial returns rate of profit