Finance and Industrial Evolution: Introductory Notes on a Key Relationship for the Capitalist Accumulation
Cedeplar Working Paper No. 179
23 Pages Posted: 14 Jan 2003
Date Written: August 2002
This paper discusses the role of credit in the capitalist accumulation. It presents Hilferding's analysis of the financing of corporations and of the role of stock exchange as an agent of the mobilization of capital. Theoretical and historical elements are deployed to support a conjecture about the changing relationship between fictitious and real capital and its relevance for the theoretical analysis of contemporary capitalism.
Keywords: Finance capital, promoter's profit, fictitious capital, Rudolf Hilferding
JEL Classification: B24, B50, G30
Suggested Citation: Suggested Citation