Rudolf Hilferding What Do We Still Have to Learn from His Legacy

Preface
	References
Contents
Notes on Contributors
List of Tables
Introduction: Critically Returning to Rudolf Hilferding
	References
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
	How to Continue: How to Rewrite Finance Capital for Our Time
	The Concept of Finance Capital Revisited
	References
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, 1910–30
	Moszkowska and Underconsumption Crisis Theories
	Sweezy-Baran and Monopoly Capital
	Conclusion: Crisis and Finance
	References
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
	References
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
A New Finance Capital? Theorising Corporate Governance and Financial Power
	Towards a Marxist Theory of Corporate Governance
	The Financialisation of the Non-financial Corporation
	New Finance Capital: A New Phase of Capitalist Development?
	Democratic Control and Socialist Planning
	References
Finance Capital and Contemporary Financialisation
	Hilferding’s Understanding of Money
	The Development of Credit: From Circulation to Production
	The Development of Industrial Organisation: From Private Individual to Private Collective Ownership
		The Ownership of Money Capital: the Control of Industrial Capital
		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
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 View to Contemporary Capitalism
	Conclusion
	References
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
Hilferding and Kalecki
	Kalecki on Hilferding
	Hilferding and the Business Cycle
	‘Managed Capitalism’ and the Business Cycle
	Conclusion
	References
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
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
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 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
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
Correction to: Rudolf Hilferding on the Economic Categories of ‘Joint-Stock Company/Share Capital’: A Refinement of the Critique of Political Economy?
Index