Finance and industrial evolution: introductory notes on a key relationship for the capitalist accumulation

João Antonio de Paula, Hugo da Gama Cerqueira and Eduardo Albuquerque

Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

Abstract: This paper discusses the role of credit in the capitalist accumulation. It presents Hilferding’s analysis of the financing of corporations and of the role of stock exchange as an agent of the mobilization of capital. Theoretical and historical elements are deployed to support a conjecture about the changing relationship between fictitious and real capital and its relevance for the theoretical analysis of contemporary capitalism.

Keywords: finance capital; promoter’s profit; fictitious capital; Rudolf Hilferding (search for similar items in EconPapers)
JEL-codes: B24 B50 G30 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2002-08
New Economics Papers: this item is included in nep-hpe, nep-mfd and nep-pke
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Published in Econômica, 2001, vol. 3, no. 1. pp. 5-33.

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