Edited with an Introduction by Tom Bottomore. From Translations by Morris Watnick and Sam Gordon. First edition in English. 8vo. vi, [4], 466 pp. Original red cloth, dust jacket (a few tiny spots to fore-edge of text-block, contents otherwise clean and fresh; jacket with minor creasing at extremities and some faint dust-marking, otherwise a near fine copy). London, Routledge & Kegan Paul, 1981.
The first English translation of the ‘major work’ by the Marxist economist Rudolf Hilferding (1877-1941), who stood as the cheif theoretician of the Social Democratic Party of Germany during the Weimar Republic. ‘It was immediately hailed by such diverse figures as Kautsky, Lenin and Bukharin, as a path-breaking development of Marxist economic analysis. Essentially, Hilferding argued that the concentration and centralization of capital had led to the domination of industry and commerce by the large banks, which were transformed into ‘finance capital’.’ (New Palgrave).
