Until his death in a Gestapo prison cell, Rudolf Hilferding was one
of Europe's most prominent socialist theorists and politicians. A
leading economic thinker in the European socialist movement and an
important politician in the German Social Democratic Party, he
served as Weimar finance minister at the height of the inflation of
1923 and again at the onset of the Great Depression in 1928. At a
time when Germany faced one economic and political crisis after
another, he led Social Democracy's efforts to strengthen the
republic and to achieve its socialist objectives.
This finely crafted intellectual biography illustrates how
Hilferding's personal and intellectual journey reflected the
failures of social democracy in its confrontation with nazism and
communism. After Hitler came to power in 1933, Hilferding in exile
continued the struggle against the Nazis. Caught in the maelstrom
of the French defeat, in 1940 he was arrested by Vichy authorities
and treacherously handed over to the Gestapo.
Throughout his eventful life Hilferding analyzed the central
issues facing modern socialism, including the development of
finance capitalism, the nature of imperialism, the path to
socialism, and the organizations of socialist parties. For
Hilferding, democratic freedom was at the heart of the socialist
project, and in rejecting the tyranny of both communism and
fascism, he made important contributions to the debate on the
nature of totalitarianism. His insights into Marxist theory and
practice are still vital for understanding the development of
socialism in the twentieth century.
This well-researched study will be of interest to scholars and
students of modern German and European history, thehistory of
socialism, political theory, and economic thought.
General
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