Finanzkapital in the twenty-first century

$56.24 plus tax (Refund Policy)

Buy Article:

Abstract:

Purpose ‐ Drawing inspiration from the 1910 book Finanzkapital by Rudolf Hilferding, this paper seeks to explore the nature of financial capital in the early twenty-first century from a political-economic and culture theory perspective. It aims to offer suggestions for transcending the crises-prone contemporary economic systems. Design/methodology/approach ‐ The paper reconceptualises the notions of Finanzkapital in the contemporary context, drawing selective evidence from current and twentieth century economic and business history. Findings ‐ The nature of contemporaneous Finanzkapital is elaborated by presenting seven "theses" that probe the nature of Finanzkapital prior to, during, and after the Great Recession of 2007-9. Originality/value ‐ Through succinct articulation of the major characteristics of contemporary Finanzkapital, the paper suggests some ways to resist and transcend politico-economic and business systems based on massive but quicksand-like foundations of financial capital.

Keywords: Economic depression; Finance; Financial control; Marxist economics; Recession

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/17422041111103859

Publication date: February 1, 2011

Related content

Share Content

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more