Financial capital and banks in Hilferding and Sraffa: Lessons for today

Giuseppe Mastromatteo

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

Rudolf Hilferding’s Das Finanzkapital dealt with the increasing role of finance in the German economy and the resulting structural transformations. The young Sraffa shared with Hilferding the interest on the role played by the banks in the transformation of capitalism. The relationship among banking and industrial capital implied different business models of the German and UK banks and determined the resulting domination of financial capital on the economy. We deepen the methodological and practical similarities and differences of the two scholars, discussing the aspects that are still relevant today to understand financialisation and instability of capitalism.
Lingua originaleEnglish
pagine (da-a)1-20
Numero di pagine20
RivistaEuropean Journal of the History of Economic Thought
Volume26
DOI
Stato di pubblicazionePubblicato - 2019

Keywords

  • Hilferding
  • Sraffa

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