Hilferding on derivatives
Dimitris P. Sotiropoulos
The European Journal of the History of Economic Thought, 2015, vol. 22, issue 1, 77-96
Abstract:
Rudolf Hilferding has always been regarded as a leading Marxist scholar. His theoretical intervention is still considered to be benchmark in Political Economy. Nevertheless, Hilferding's approach to derivatives has been left untouched. The aim of this paper is precisely to fill this gap in the literature. Hilferding realised that the development of the stock exchange was indeed parallel to another important event: the emergence of standardised derivative exchanges; he underlined their economic significance for the organisation of capitalism. In spite of how one appraises the final outcome of his analysis, the intention to incorporate futures markets in his general approach and to analyse them using Marxian theoretical categories is quite exceptional in the long tradition of political economy.
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/09672567.2012.708769 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:22:y:2015:i:1:p:77-96
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20
DOI: 10.1080/09672567.2012.708769
Access Statistics for this article
The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso
More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().