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

Author

Listed:
  • João Antonio de Paula
  • Hugo E. A. da Gama Cerqueira

    ()

  • Eduardo da Motta e Albuquerque

    ()

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.

Suggested Citation

  • João Antonio de Paula & Hugo E. A. da Gama Cerqueira & Eduardo da Motta e Albuquerque, 2002. "Finance and industrial evolution: introductory notes on a key relationship for the capitalist accumulation," Textos para Discussão Cedeplar-UFMG td179, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td179
    as

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    File URL: http://www.proppi.uff.br/revistaeconomica/sites/default/files/V.3_N.1_Joao_Paula__Hugo_Cerqueira_Eduado_Albuq.pdf
    File Function: PDF version of the paper published in Econômica, 2001
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    File URL: http://www.cedeplar.ufmg.br/pesquisas/td/TD%20179.pdf
    File Function: Working paper, 2002
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    More about this item

    Keywords

    finance capital; promoter’s profit; fictitious capital; Rudolf Hilferding;

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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