The Enchanted World: Inflation, Credit and the World Crisis

In this seminal book, Alain Lipietz, one of France’s most distinguished Marxist economists, explores the role of money and credit in the causes of the 1980s world slump.

Lipietz presents a cogent and convincing argument that traditional Marxist economics has concentrated too heavily on the production process at the price of ignoring day-to-day forms of capitalist commerce—money and commodities.

The Enchanted World will be of interest to all students of economics concerned with the vicissitudes of the world recession. It also presents a readable introduction to the work of the renowned “regulation school” of French economics offering a concise explanation of its emphasis on the structural forms within which accumulation takes place.