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Finance Capital - A study in the latest phase of capitalist development (Hardcover, annotated edition)
Loot Price: R5,676
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Finance Capital - A study in the latest phase of capitalist development (Hardcover, annotated edition)
Series: Economic History
Expected to ship within 12 - 17 working days
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This is the first English translation of one of the classical works
of Marxist economic theory. When Rudolf Hilferdings "Finance
Capital" was first published in 1919 it was acclaimed by reviewers
as a continuation of Marxs Capital, and it has a major influence
upon subsequent Marxist thought, especially in the analysis of
imperialism where it provided some of the fundamental ideas for the
theories of Bukharin and Lenin.
But Hilferdings work was much more than a study of imperialism,
which was presented only in the last section of the book. It set
out to examine the main tendencies in the development of the
capitalist mode of production as a whole at the beginning of the
twentieth century, beginning with an exposition of the theory of
money (in which particular attention was paid to the growth of
credit money), then analysing the increasingly important role of
the banks in the mobilization of capital, along with the
development of large corporations, cartels and trusts, and finally
outlining atheory of economic crises.
Hilferdings book has, however, more than an historical interest. It
is a model for any renewed attempt to understand the latest phase
of capitalist development in the closing decades of the twentieth
century, and Hilferdins ideas still provide essential elements for
the elaboration of theoretically enlightened and realistic policies
in the socialist movement.
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