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1. Jan. 2021 · The concept of finance capital was first used by Rudolf Hilferding, who analysed the rise of the financial capitalists in the context of Germany and Austria and focused on the relations between credit, banks and industrial capital in Finance Capital: A Study of the Latest Phase of Capitalist Development, published in German in 1910.
Finance Capital, Hilferding 1910. Preface. In the following pages an attempt will be made to arrive at a scientific understanding of the economic characteristics of the latest phase of capitalist development. In other words, the object is to bring these characteristics within the theoretical system of classical political economy which begins ...
Abstract. The theory of finance capitalism developed by Rudolf Hilferding (1981, originally published in 1910) provides a unique approach for interpreting and evaluating the evolution of world financial markets and the world economy since the collapse of the Bretton Woods system of fixed exchange rates in the early 1970s. The contemporary ...
Abstract. Krätke offers a clear overview of the history of this seminal work by Rudolf Hilferding, from its inception to its making, its impact and reception and later plans by its author to ...
theory of Finance Capital and Hilferding's policies as Finance Minister. One would as-sume that Part I of Finance Capital, "Money and Credit," would be relevant to his politi-cal practice, particularly in an era of hyper-inflation. For some of his critics, it was rele-vant; that was one of Hilferding's problems. Part I is probably the most ...
units of finance capital. Finance Capital and New Finance Capital The ‘finance capital’ that Rudolf Hilferding analyzed at the turn of the century was character-ized first and foremost by the fusion of financial capital and industrial capital. This fusion was mediated by the most abstract form of capital: money-capital. The ascendance of ...
4 This paper compares Marx’s and Hilferding’s definitions of finance capital. Exploring the similarities and differences in their respective analyses, it supports the thesis that while Marx proposed a general definition of finance capital as the separation and monopolization of capital-money transactions, Hilferding constructed a theory of “financialization” of capitalism.
