Capitalist Mode of Production and Monopolies

John Milios and Dimitris P. Sotiropoulos

Chapter 6 in Rethinking Imperialism, 2009, pp 112-120 from Palgrave Macmillan

Abstract: 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.

Keywords: Social Capital; Capitalist Economy; Capitalist Production; Capitalist System; Capitalist Relation (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25064-2_7

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DOI: 10.1057/9780230250642_7

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