Finance and Industrial Evolution: Introductory Notes on A Key Relationship for the Capitalist Accumulation

Cedeplar Working Paper No. 179

23 Pages Posted: 14 Jan 2003  

João Antonio de Paula

Federal University of Minas Gerais (UFMG)

Hugo E. A. da Gama Cerqueira

Universidade Federal de Minas Gerais - Cedeplar

Eduardo M. Albuquerque

Universidade Federal de Minas Gerais

Date Written: August 2002

Abstract

This paper discusses the role of credit in the capitalist accumulation. It presents Hilferding's analysis of the financing of corporations and of the role of stock exchange as an agent of the mobilization of capital. Theoretical and historical elements are deployed to support a conjecture about the changing relationship between fictitious and real capital and its relevance for the theoretical analysis of contemporary capitalism.

Keywords: Finance capital, promoter's profit, fictitious capital, Rudolf Hilferding

JEL Classification: B24, B50, G30

Suggested Citation

de Paula, João Antonio and Cerqueira, Hugo E. A. da Gama and Albuquerque, Eduardo M., Finance and Industrial Evolution: Introductory Notes on A Key Relationship for the Capitalist Accumulation (August 2002). Cedeplar Working Paper No. 179. Available at SSRN: https://ssrn.com/abstract=326761 or http://dx.doi.org/10.2139/ssrn.326761

João Antonio De Paula Cedeplar

Federal University of Minas Gerais (UFMG) ( email )

Rua Curitiba, 832
CEDEPLAR 9o. andar
MG30170-120 Belo Horizonte
Brazil
55-31-32799100 (Phone)
55-31-32013657 (Fax)

Hugo Eduardo Araujo da Gama Cerqueira (Contact Author)

Universidade Federal de Minas Gerais - Cedeplar ( email )

Av. Antonio Carlos, 6627
Prédio da FACE
Belo Horizonte, Minas Gerais 31270-901
Brazil
55 31 3409 7095 (Phone)

HOME PAGE: http://www.cedeplar.ufmg.br/docentes_economia/hugo_eduardo_araujo_da_gama_cerqueira.php

Eduardo Da Motta e Albuquerque

Universidade Federal de Minas Gerais ( email )

FACE/Cedeplar
Av. Antonio Carlos 6627
Belo Horizonte, Minas Gerais 31270-901
Brazil
55-31-34097076 (Phone)
55-31-34097203 (Fax)

HOME PAGE: http://lattes.cnpq.br/6966612518135380

Paper statistics

Downloads
152
Rank
159,555
Abstract Views
2,186