Abstract
Abstract:
Finance Capital, written in 1910 by Rudolf Hilferding, is normally understood to be a Marxian work about financial systems, and banks in particular. Because Hilferding was a close friend of his mentor, Karl Kautsky, it is seen as a contribution to the Re-visionist Debate within the German Social Democratic Party at the beginning of the 20th century. But this view does not do justice to Hilferdingʼs approach to and objec-tives for Finance Capital. Hilferding took up many ideas from Marxian and Non-Marxian authors like Parvus, Otto Bauer, John A. Hobson, Ferdinand Tönnies, and authors of the emerging corporate finance literature. It is this broad influence that dif-ferentiates Hilferdingʼs work from other socialist writings at that time.
JEL Classifications: B 14, B 19, B 31.
