The theories of finance capital, as developed by Rudolf Hilferding, and monopoly capital form the underlying concepts in current explanations of how capitalism works today. This book presents a critical examination of these theories by focusing on the concepts of competition, credit, and economic ...
The theories of finance capital, as developed by Rudolf Hilferding, and monopoly capital form the underlying concepts in current explanations of how capitalism works today. This book presents a critical examination of these theories by focusing on the concepts of competition, credit, and economic crises. Zoninsein accepts Hilferding's central elements, but seeks to refine and reinterpret the concepts and procedures in light of the current changes in economic thought and social life. Particular attention is paid to the sharp contrasts that are exhibited between Hilferding's work and the economic theories of Marx.