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Finance Capital, State Transformation and Crisis Regulation: The Contribution of Rudolf Hilferding

Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference

ISBN: 978-1-80071-141-9, eISBN: 978-1-80071-140-2

Publication date: 1 March 2021

Abstract

This chapter examines the relationship between finance capital and the transformation of the state in Rudolf Hilferding’s thought. Hilferding defines finance capital as the fusion of banking and industry, a situation that presupposes a high degree of development of capitalist relations. Finance capital prompts a transformation of the state economic functions. This chapter considers the transformation of the state and its consequent ability to deal with crises of finance capital era. It also highlights Hilferding’s pioneering contribution in sketching the bases for the great contemporary theories of State intervention in crises regulation.

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Acknowledgements

Acknowledgment

This research was carried out thanks to the UNAM-PAPIIT Program (IA 300319).

Citation

Manigat, M.P. (2021), "Finance Capital, State Transformation and Crisis Regulation: The Contribution of Rudolf Hilferding", Fiorito, L., Scheall, S. and Suprinyak, C.E. (Ed.) Research in the History of Economic Thought and Methodology: Including a Selection of Papers Presented at the 2019 ALAHPE Conference (Research in the History of Economic Thought and Methodology, Vol. 39A), Emerald Publishing Limited, Leeds, pp. 43-62. https://doi.org/10.1108/S0743-41542021000039A003

Publisher

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Emerald Publishing Limited