Hilferding on Derivatives

Dimitris Sotiropoulos

No 2012-3, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: Rudolf Hilferding is a leading Marxist scholar. But Hilferding's approach to derivatives has been left untouched. The paper aims at contributing to the literature. Hilferding realized that the development of the stock exchange was parallel to the development of standardized derivative exchanges. Hilferding understood the economic significance that derivative markets have for the organization of capitalism. The intention of incorporating the futures market in his general approach using Marxian theoretical categories is significant in the long tradition of political economy.

Keywords: Hilferding; Marx; finance; derivatives (search for similar items in EconPapers)
JEL-codes: B14 B15 G00 O31 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2012-04-19
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Citations: View citations in EconPapers (1)

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