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.
Mastromatteo, G., Financial capital and banks in Hilferding and Sraffa: Lessons for today, <<EUROPEAN JOURNAL OF THE HISTORY OF ECONOMIC THOUGHT>>, 2019; 26 (1): 1-20. [doi:10.1080/09672567.2018.1523205] [http://hdl.handle.net/10807/129572]
Financial capital and banks in Hilferding and Sraffa: Lessons for today
Mastromatteo, GiuseppePrimo
2019
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.