Abstract
As stated in the previous chapters, the idea of a ‘final stage’ of capitalism, shaped by the formation of monopolistic enterprises that eliminate capitalist competition, was first introduced into Marxist literature by Rudolf Hilferding’s Finance Capital (1909),1 a book strongly influenced by many of the ideas put forward by J. A. Hobson in his Imperialism: A Study (1901). Hilferding has always been regarded as a major Marxist theoretician of his time who further developed Marxist theory by extending consideration to certain socio-economic developments of capitalism that had not made their appearance during Marx’s lifetime: the formation of monopolies and the evolution of capitalism into a new, ‘ultimate’ stage.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
