Finance capital Book

Acknowledgements vii

Note on the translation ix

Introduction to the translation 1

FINANCE CAPITAL

Preface 21

Part 1{emsp}Money and credit

{ensp}1 The necessity of money 27

{ensp}2 Money in the circulation process 37

{ensp}3 Money as a means of payment. Credit money. 60

{ensp}4 Money in the circulation of industrial capital 67

{ensp}5 The banks and industrial credit 82

{ensp}6 The rate of interest 99

Part II{emsp}The mobilization of capital. Fictitious capital

{ensp}7 The joint-stock company 107

{ensp}8 The stock exchange 130

{ensp}9 The commodity exchange 151

10 Bank capital and bank profit 170

Part III{emsp}Finance capital and the restriction of free competition

11 Surmounting the obstacles to the equalization of rates of profit 183

12 Cartels and trusts 204

13 The capitalist monopolies and commerce 208

14 The capitalist monopolies and the banks. The transformation of capital into finance capital 223

15 Price determination by the capitalist monopolies and the historical tendency of finance capital 227

Part IV{emsp}Finance capital and crises

16 The general conditions of crises 239

17 The causes of crises 257

18 Credit conditions in the course of the business cycle 267

19 Money capital and productive capital during the depression 282

20 Changes in the character of crises. Cartels and crises 288

Part V{emsp}The economic policy of finance capital

21 The reorientation of commercial policy 301

22 The export of capital and the struggle for economic territory 311

23 Finance capital and classes 337

24 The conflict over the labour contract 351

25 The proletariat and imperialism 364

Notes 371

Bibliography I The principal writings of Rudolf Hilferding 438

II Works on Hilferding 439

III Other works mentioned in the Introduction and in the text 440

Index 445