Abstract

Otto Bauer's review of Finance Capital outlines some of the principal concepts that made Rudolf Hilfer-ding's work so celebrated. Bauer was one of many who thought Finance Capital read almost like an additional volume of Capital. In particular, his review examines Hilferding's account of fictitious and its connection with the process of concentration and centralisation predicted Marx. This was a vital point, for many revisionists believed that joint-stock organisation had achieved a democratisation of capital through widespread shareholding. Eduard Bernstein declared that by virtue of its form the joint-stock company tends to be a very significant counterweight to the centralisation of wealth through the centralisation of business enterprises. It permits an extensive division of already concentrated capital. Keywords:Finance Capital; Otto Bauer; Rudolf Hilfer-ding

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