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Capitalist Mode of Production and Monopolies

In: Rethinking Imperialism

Author

Listed:
  • John Milios
  • Dimitris P. Sotiropoulos

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.

Suggested Citation

  • John Milios & Dimitris P. Sotiropoulos, 2009. "Capitalist Mode of Production and Monopolies," Palgrave Macmillan Books, in: Rethinking Imperialism, chapter 6, pages 112-120, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-25064-2_7
    DOI: 10.1057/9780230250642_7
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    Citations

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    Cited by:

    1. Alex Pazaitis & Primavera de Filippi & Vasilis Kostakis, 2017. "Blockchain and value systems in the sharing economy: The illustrative case of Backfeed," Post-Print hal-01676881, HAL.
    2. Katselidis, Ioannis & Vouldis, Angelos & Michaelides, Panayotis G., 2010. "Sumner Slichter and Emil Lederer: Central Visions Compared," MPRA Paper 74481, University Library of Munich, Germany.
    3. Michaelides, Panayotis G. & Milios, John G. & Vouldis, Angelos, 2007. "Schumpeter and Lederer on Growth, Technology, Credit and Business Cycles," MPRA Paper 74486, University Library of Munich, Germany.
    4. Panayotis Michaelides & John Milios & Angelos Vouldis & Spyros Lapatsioras, 2010. "Emil Lederer and Joseph Schumpeter on Economic Growth, Technology and Business Cycles," Forum for Social Economics, Taylor & Francis Journals, vol. 39(2), pages 171-189, January.
    5. Angelos Vouldis & Panayotis Michaelides & John Milios, 2011. "Emil Lederer and the Schumpeter-Hilferding-Tugan-Baranowsky Nexus," Review of Political Economy, Taylor & Francis Journals, vol. 23(3), pages 439-460.
    6. Widodo, Tri, 2008. "Marx’s Capital: the Revolt against Classical Economics," MPRA Paper 78166, University Library of Munich, Germany.
    7. Theofanis Papageorgiou & Panayotis G. Michaelides & John G. Milios, 2011. "Technology and economic fluctuations in the US food sector (1958‐2006)," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(2), pages 140-164, January.
    8. Michaelides, Panayotis G. & Milios, John G., 2004. "Hilferding's Influence on Schumpeter : A First Discussion," MPRA Paper 74462, University Library of Munich, Germany.
    9. Panayotis Michaelides & John Milios, 2015. "The Schumpeter–Hilferding Nexus," Journal of Evolutionary Economics, Springer, vol. 25(1), pages 133-145, January.
    10. Ioannis Katselidis & Angelos Vouldis & Panayotis G. Michaelides, 2011. "Sumner Slichter and Emil Lederer on technological unemployment," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 38(6), pages 537-556, May.
    11. José María Durán Medrano, 2019. "Contribución a una teoría del valor del arte sobre la base de los aportes de Marx a la teoría de la renta del suelo," Ensayos de Economía 18303, Universidad Nacional de Colombia Sede Medellín.
    12. Labrinidis, George, 2014. "The forms of world money," MPRA Paper 59962, University Library of Munich, Germany.
    13. Dimitris P. Sotiropoulos, 2015. "Hilferding on derivatives," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(1), pages 77-96, February.
    14. Michaelides, Panayotis G. & Milios, John G. & Vouldis, Angelos, 2007. "Schumpeter, Lederer and Hilferding on Economic Development, Credit and Business Cycles," MPRA Paper 74472, University Library of Munich, Germany.
    15. Sarah Franzen, 2020. "The value of farming: Multifaceted wealth generation through cooperative development," Economic Anthropology, Wiley Blackwell, vol. 7(2), pages 279-292, June.

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