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Finance Capital - A study in the latest phase of capitalist development (Paperback)
Loot Price: R1,674
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Finance Capital - A study in the latest phase of capitalist development (Paperback)
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 Hilferding's Finance
Capital was first published in 1919 it was acclaimed by reviewers
as a continuation of Marx's 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 Hilferding's 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 a theory of economic crises.
Hilferding's 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 Hilferdin's ideas still provide essential
elements for the elaboration of theoretically enlightened and
realistic policies in the socialist movement.
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