This book analyses the contemporary global economic edition taking 'commodity' as its unit of analysis, demonstrating that the 2007-8 crisis was the first of the era of the global commodity system and arguing for the establishment of a global tax authority to control inequality and prevent a recurrence. 'Commodity is a rich and thought-provoking analysis of capitalism in the 21st century. The book grapples with the materiality of production, forms of governance and transformations in the world of finance. It contributes to the literatures on the globalisation of production, financialisation, inequality and unequal exchange, and welfare.' Victoria Stadheim, Economic Issues'In his excellent new book, Commodity, Photis Lysandrou deploys this method of abstraction in order to understand the heavily financialised regime of capitalism in the twenty-first century. The result is a pithy critical analysis of the 'global commodity system' and its various developmental tendencies. The book deftly charts how financialised capitalism rose to ascendance and how it has come to shape the world economy today.' Scott Lavery, LSE Review of Books