"It is obvious, moreover, that the formation of price in capitalist society must differ from the formation of price in social conditions based upon the simple production of commodities."
Rudolf HilferdingTiny Panda Quotes
Quotes by Rudolf Hilferding
Rudolf Hilferding (1877-1941) was an influential Austrian economist and prominent Marxist theorist, best known for his seminal work, "Finance Capital," which explored the role of finance in modern capitalism. Born into a Jewish family in Vienna, Hilferding's academic rigor and political activism solidified his status within the socialist movement in Europe. His analysis of capital concentration and the intertwining of banking and industry laid the groundwork for future economic theories. Hilferding’s legacy endures, as his insights continue to resonate within contemporary economic discourse.
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