Rudolf Hilferding


Book Description

This edited volume is focused on Hilferding's major work, Finance Capital. In revisiting this influential book from a methodological point of view, both historical and intellectual, this book affirms Hilferding's place in the Marxist tradition. Hilferding's ideas are used to criticise incumbent approaches in economics and enrich existing discussions and debates about the nature of modern capitalism. In doing so, this book highlights the importance of Hilferding's work in analysing and understanding modern capitalism and corporate developments. The volume has contributions from a range of expert scholars addressing various aspects of Hilferding’s arguments. It elaborates on Hilferding’s central idea on the political economy, as well as its historical context, and its relation to Marx. Contributors move on to criticize Hilferding’s views on the political economy and politics in general. This book is relevant to those interested in the political economy, the history of economic thought, and European politics.




Finance Capital


Book Description

This is the first English translation of one of the classical works of Marxist economic theory. When Rudolf Hilferding’s Finance Capital was first published in 1919 it was acclaimed by reviewers as a continuation of Marx’s Capital, and it has a major influence upon subsequent Marxist thought, especially in the analysis of imperialism where it provided some of the fundamental ideas for the theories of Bukharin and Lenin. But Hilferding’s work was much more than a study of imperialism, which was presented only in the last section of the book. It set out to examine the main tendencies in the development of the capitalist mode of production as a whole at the beginning of the twentieth century, beginning with an exposition of the theory of money (in which particular attention was paid to the growth of credit money), then analysing the increasingly important role of the banks in the mobilization of capital, along with the development of large corporations, cartels and trusts, and finally outlining a theory of economic crises. Hilferding’s book has, however, more than an historical interest. It is a model for any renewed attempt to understand the ‘latest phase of capitalist development’ in the closing decades of the twentieth century, and Hilferdin’s ideas still provide essential elements for the elaboration of theoretically enlightened and realistic policies in the socialist movement.




Rudolf Hilferding


Book Description

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 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 organization 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 adn practice are still vital for understanding the development of socialism in the twentieth century.




The Alternative Austrian Economics


Book Description

For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, it analyses the work and impact of many leading Austrian economists through a century of Austrian socialist economics.




Austro-Marxism: The Ideology of Unity


Book Description

This volume offers the essential theoretical thought of the Austro-Marxist thinkers Otto Bauer, Max Adler, Karl Renner, Friedrich Adler, Rudolf Hilferding, and Otto Neurath over the span of their Austrian Social-Democratic careers, from the decades before World War I until the mid-1930s. Austro-Marxist theoretical perspectives were conceived as social scientific tools for the issues that faced the development of socialism in their time. The relevance of their thought for the contemporary world inheres in this understanding.




The Lost Debate


Book Description

Brings to light critiques of modern tyranny written by German socialist intellectuals before and during World War II about the definition, origins, nature, and means of overcoming totalitarianism.




Discovering Imperialism


Book Description

This volume assembles the main documents of the international debate on imperialism that took place in the Second International during the period 1898-1916. It asseses the contributions of the individual participants, placing them in the context of contemporary political debates.




Landlords and Capitalists


Book Description

In 1974, Maurice Zeitlin published a seminal article in The American Journal of Sociology, criticizing managerial theory and evidence, which ended one era in the analysis of the large corporation's ownership and control and began a new one. He called for research on the capitalist class that would reveal its inner structure--particularly the interaction of family ties, property, and business leadership in the large corporation. But, despite the subsequent blossoming of studies of intercorporate and class power, no one else has yet done the systematic empirical analysis he outlined. This work is thus the first to explore the full panoply of intraclass relations--interorganizational, kinship, economic, and political--within an actually existing dominant class. Theoretically sensitive, methodologically precise, and historically grounded, it aims to fill in the blank spots in our knowledge about how "economic classes" become "social classes" and how the latter in turn connect with other social forms. This work is a sustained empirical analysis of Chile's dominant class. But it does more than reveal that class's specific internal structure; it also provides a coherent theory of the inner relations constituting any dominant class in a highly concentrated capitalist economy, a methodological paradigm, and an exemplary body of findings, which can closely guide the study of other dominant classes, especially in the "advanced" societies of the West. Originally published in 1988. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.




Austro-Marxism: The Ideology of Unity. Volume II


Book Description

Austro-Marxism: The Ideology of Unity documents the theoretical and political legacy of one of Europe's most influential intellectual currents in the first half of the twentieth century.




21st Century Economics


Book Description

Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its progress. This compilation of short essays helps readers interested in economics to identify 21st century economic ideas that should be read and remembered. The authors state their personal opinion on what matters most in contemporary economics and reveal its fascinating and creative sides.