1.

Record Nr.

UNINA9910634033803321

Titolo

Rudolf Hilferding : what do we still have to learn from his legacy? / / editors : Judith Dellheim, Frieder Otto Wolf

Pubbl/distr/stampa

Cham, Switzerland : , : Palgrave Macmillan, , [2023]

©2023

ISBN

3-031-08096-3

Edizione

[Second edition.]

Descrizione fisica

1 online resource (472 pages)

Collana

Luxemburg International Studies in Political Economy

Disciplina

330.0943

Soggetti

Capitalism

Finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Intro -- Preface to the First Edition -- References -- Preface to the Second Edition -- Literature -- Contents -- Notes on Contributors -- Chapter 1: Introduction: Critically Returning to Rudolf Hilferding -- References -- Chapter 2: Rethinking Hilferding's Finance Capital -- Finance Capital: A Continuation of Marx's Capital? -- Hilferding and Political Economy -- What Finance Capital Was All About -- What Hilferding's Opus Magnum Had to Offer -- Hilferding and the Changing World of Money -- Hilferding and the Changing Worlds of Credit and Banking -- Hilferding and the Changing World of Corporations -- Hilferding and the Changing World of Stock Markets and High Finance -- Hilferding's Concept of Finance Capital -- Hilferding and the Marxist Theory or Theories of Crisis -- How to Continue: How to Rewrite Finance Capital for Our Time -- The Concept of Finance Capital Revisited -- References -- Chapter 3: From Luxemburg to Sweezy: Notes on the Intellectual Influence of Hilferding's Finance Capital -- Introduction and Summary -- Finance Capital and the Dynamics of Capitalism -- Luxemburg Versus Bauer on Crisis Theory -- The Dominance of Finance Capital 1910-1930 -- Moszkowska and Underconsumption Crisis Theories -- Sweezy-Baran and Monopoly Capital -- Conclusion: Crisis and Finance -- Appendix 1: Commodity Prices in Hilferding -- Appendix 2: Stock Market Prices -- References -- Chapter 4: Contradictions in Hilferding's Finance Capital: Money,



Banking, and Crisis Tendencies -- Introduction -- Money -- Credit -- Institutions of Finance Capital -- The Stock Market -- Cartels and Trusts -- Capitalist Crisis -- Assessment -- Financial Power and Vulnerability -- References -- Chapter 5: Finance Capital, Financialisation and the Periodisation of Capitalist Development -- Introduction -- Hilferding and Lapavitsas: General Considerations.

Commonalities Between Lapavitsas and Hilferding -- Differences Between Lapavitsas and Hilferding -- Financialisation According to Lapavitsas -- Criticisms of Lapavitsas' Approach -- Back (or Forward?) to Hilferding -- Conclusion -- References -- Chapter 6: A New Finance Capital? Theorizing Corporate Governance and Financial Power -- Toward a Marxist Theory of Corporate Governance -- The Financialization of the Non-financial Corporation -- New Finance Capital: A New Phase of Capitalist Development? -- Democratic Control and Socialist Planning -- References -- Chapter 7: Finance Capital and Contemporary Financialization -- Hilferding's Understanding of Money -- The Development of Credit: From Circulation to Production -- The Development of Industrial Organization: From Private Individual to Private Collective Ownership -- Ownership of Money Capital, Control of Industrial Capital and Promoter's Profit -- The Transformation of Competition: Concentration and Combination -- Consortia and Cartels -- Tendencies Towards National and Imperial Economies -- The Historical Specificity of Finance Capital -- The Geographical Specificity of Finance Capital -- Finance Capital and Socialism -- The Triumph of the English Model and Beyond -- References -- Chapter 8: Finance Capital and Militarism as Pillars of Contemporary Capitalism -- Introduction -- The Double Face of Capital as Social Relations -- Finance Capital -- Hilferding: A Seminal and Biased Work -- An Alternative Proposal for Finance Capital -- TNCs as Core Component of Contemporary Finance Capital -- Conflation of Profits of Enterprise and Rents in Large TNCs -- Ascendant Domination of Capital-Property and Its Drivers -- Finance Capital and Militarism -- Hilferding: A Peaceful Imperialism Is Possible -- Luxemburg: The International Loans-Primitive Accumulation-Militarism Tripod.

Some Historical Evidence on Connections Between Militarism and Finance Capital -- Finance Capital as Sponsor of Wars -- Taking Stock of Luxemburg's Analysis of Militarism with a View to Contemporary Capitalism -- Conclusion -- References -- Chapter 9: Hilferding and the Large-Scale Enterprise -- The Dominance of Large-Scale Business -- Managerial Capitalism -- Neo-liberals and the Large-Scale Enterprise -- Social Control and the Large-Scale Business -- References -- Chapter 10: Hilferding and Kalecki -- Kalecki on Hilferding -- Hilferding and the Business Cycle -- 'Managed Capitalism' and the Business Cycle -- Conclusion -- References -- Chapter 11: Ludwik Krzywicki's Anticipation of Hilferding -- Finance Capital Introduced -- Krzywicki and Monopoly Capital After Chicago -- Krzywicki's Finance Capital Forgotten -- Conclusion -- References -- Chapter 12: A Socialist Third Way? Rudolf Hilferding's Evolutionary Socialism as Syncopated Note to Early Neoliberalism -- Introduction -- Syncopation as Historical and Conceptual Metaphor -- Hilferding's Evolutionary Socialism as Syncopated Note to Neoliberalism -- The Third Way: The Walter Lippmann Colloquium to German Neoliberalism -- Trouble Brewing in Vienna: Hilferding's Intellectual Environment -- The Gauntlet Is Thrown: The 1905 Böhm-Bawerk Seminar, Hilferding's Anticritique, and the 'Austrianisation' of Marxist Capital Theory -- Finance Capital -- Marx Without Hegel: Austro-Marxism as New Politics and New Praxis -- Hilferding's Evolutionary Socialism as Pragmatic Political Praxis -- Conclusion -- References -- Chapter 13: Hilferding



as an Eclectic: A History of Economic Thought Perspective on Finance Capital -- Society and Community: The Transformation of Capitalism -- The Development of Capitalism in Finance Capital -- Promoter's Profit in Light of Hilferding's Contemporary Sources.

Hilferding's Private Library -- The Concept of Promoter's Profit -- Discussions on Promoter's Profit -- Hilferding's Sources Behind the Promoter's Profit -- Conclusion -- References -- Chapter 14: Rudolf Hilferding on the Economic Categories of 'Joint Stock Company/Share Capital': A Refinement of the Critique of Political Economy? -- A Brief Reflection of 'Joint-Stock Company' and 'Share Capital' as Economic Categories of a Critical Political Economy -- Share Capital/Joint-Stock Company in Hilferding: A Refinement of the Critique of Political Economy? -- On the Path to 'Finance Capital' -- On 'Finance Capital' -- After 'Finance Capital' -- Some Conclusions -- References -- Chapter 15: Hilferding's Impressive Failure. A Reading of His Last Major Text -- The 'Materialist Conception of History' -- A New Phase of History Under the Impact of War -- The Issue of 'Implementation' -- The Underlying Problem of Theory -- Obliquely Addressing the Problematics of Singularity and of Subjectivity -- References -- Chapter 16: The Forgotten "Notes". Rudolf Hilferding's Still Unpublished Complements to His Manuscript "The Historical Problem" -- The Manuscripts of 1940/1941 -- Some Notable Remarks in Hilferding's Complementary Texts -- Critique of Marx's Wording of the "Materialist Conception of History" in the Preface of 1859 -- Politics, Class and State Power -- Class Consciousness-The Most Difficult Question -- Hilferding's Achievement -- References -- Chapter 17: Rudolf Hilferding: A Born Journalist -- The Unknown Hilferding -- Crises and Cycles During the Years of the Long Prosperity -- 1918/1920-The Years of the Revolution That Failed -- Hilferding on the Great Depression 1929-1933 -- After the Great Defeat-Hilferding in Exile, 1933-1940 -- The Bigger Picture-Analysing the Great Depression and Its Aftermath -- Hilferding's Critique of the Nazi Economy.

A Critique of International Politics -- The War Is Coming -- After World War II: The Future Shape of Europe and the World -- References -- Chapter 18: Postface: From Rudolf Hilferding to Eugen Varga-Towards a Further Book Project -- Varga on Hilferding until 1941 -- A Concluding Remark -- References -- Index.