The fourth dimension: derivatives and financial dominance

dc.contributor.authorRossi, Pedro Linhares
dc.contributor.authorMello, Guilherme Santos
dc.contributor.authorCarneiro, Ricardo de Medeiros
dc.contributor.authorChiliatto-Leite, Marcos Vinicius
dc.contributor.otherSociedade Brasileira de Economia Política (SEP)
dc.contributor.otherUniversidade Federal da Integração Latino-Americana (Unila)
dc.date.accessioned2019-03-07T15:23:40Z
dc.date.available2019-03-07T15:23:40Z
dc.date.issued2015-04
dc.descriptionXX Encontro Nacional de Economia Política: desenvolvimento Latino-Americano, Integração e Inserção Internacional - UNILA, Foz do Iguaçu, 26 a 29 de maio de 2015pt_BR
dc.description.abstractThis paper sought to address the central role played by derivatives markets in contemporary capitalism. It argues that these fi nancial instruments have added several implications to the dynamics of capitalist economies, so that it forms a new sphere of accumulation here called the fourth dimension, with a new form of capital (the derivative form). In this new dimension, it is possible to observe three major changes compared to the previous dimensions. The fi rst concerns the emergence of new property relations, marked by the separation between the ownership of assets and ownership of the rights on the performance of these assets. The second change relates to the new nature of the gain obtained in derivative transactions, here termed as casino gain. Finally, these changes create the conditions to consider a relationship of subordination of prior dimensions to the fourth dimension, which is consolidated when derivatives markets become the central locus for determining spot prices in key marketspt_BR
dc.description.sponsorshipBanco Nacional de Desenvolvimento Econômico e Social (BNDES); Usina Hidrelétrica de Itaipu (ITAIPU); Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES) e Universidade Federal da Integração Latino-Americana (UNILA)pt_BR
dc.identifier.citationENCONTRO NACIONAL DE ECONOMIA E POLÍTICA, 20, 2015, Foz do Iguaçu - PR. Caderno de Resumos... Foz do Iguaçu: SEP, 2015pt_BR
dc.identifier.issnISSN 2177-8345
dc.identifier.urihttps://dspace.unila.edu.br/handle/123456789/4813
dc.language.isoengpt_BR
dc.rightsopenAccess
dc.subjectDinheiropt_BR
dc.subjectFinanças internacionais e crescimentopt_BR
dc.subjectEconomia Políticapt_BR
dc.titleThe fourth dimension: derivatives and financial dominancept_BR
dc.typeconferenceObjectpt_BR

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