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Rudolf Hilferding was a prominent figure in the early 20th-century Marxist movement and is best known for his contributions to Marxist economic theory. Born in 1877 in a Jewish family in Vienna, he became involved in socialist politics at a young age. Hilferding's most significant work, "Finance Capital," published in 1910, explored the relationship between finance and industrial capital, linking the emergence of monopolies with imperialism. This work influenced later Marxist theorists and remains crucial in the study of capitalism.
His political involvement extended beyond theory; he was active in the Social Democratic Party of Germany and played a role in the German Revolution following World War I. Hilferding held various governmental positions in the Weimar Republic, advocating for socialist policies amid rising economic turmoil. His efforts aimed to address the challenges of capitalism during a time of significant upheaval in Europe.
Tragically, Hilferding's life was cut short when he was arrested by the Nazis in 1941, and he died in a concentration camp. His legacy lives on through his writings, which continue to influence Marxist thought and discussions on the dynamics of capital. His work remains a relevant critique of capitalist systems and serves as a foundation for understanding modern financial structures.
Rudolf Hilferding was an influential Austrian economist and socialist politician who significantly contributed to Marxist theory, particularly regarding finance and capital. His major work, "Finance Capital," provides insights into the interplay between finance and industry during capitalism.
Born into a Jewish family in Vienna, Hilferding became involved in socialist movements early in his life. His political activities included key roles in the Social Democratic Party of Germany, where he advocated for socialist policies during the tumultuous Weimar Republic.
Hilferding's life ended tragically when he was arrested and killed by the Nazis. Nevertheless, his theoretical contributions continue to be relevant, especially regarding the critique of contemporary capitalist practices and the dynamics of financial systems.