A Brief History
Chapter 3: The young Rudolf Hilferding
Chapter 3 deals with the early work of the young Rudolf Hilferding, ending in 1906 when Hilferding moved to Germany and effectively ceased to be an Austro-Marxist. He had already made a substantial contribution to the theory of value, to the analysis of economic crises and to documenting the rise of financial capital. The bulk of the chapter consists of a detailed account of his book, Finance Capital, which had been substantially completed before he left Austria and is perhaps the most important single work to be written on Marxian political economy since the death of Marx.
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