Two views of the City
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This paper considers two ways of analysing the financial sector or, more specifically, that part of it which is popularly known as the ‘City’. The first is derived from Marxist analysis and has been particularly applied by Sam Aaronovitch. The second can be variously known as bourgeois, neo-classical or orthodox economics. The two approaches appear to offer conflicting accounts. However it is suggested that the second approach, if extended in a fairly familiar way, can also be used to analyse the features emphasized by the first.