RUDOLF HILFERDING Meaning and
Definition
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Rudolf Hilferding was an influential Marxist economist and politician during the late 19th and early 20th centuries. Born in 1877 in Vienna, Austria-Hungary, Hilferding became one of the leading figures of the Second International, a global organization that sought to promote socialist ideals. He played a crucial role in shaping the Marxist theory of finance capital and its implications for understanding the functioning of capitalist economies.
Hilferding's most notable work is his book "Finance Capital: A Study of the Latest Phase of Capitalist Development," published in 1910. In this seminal work, he argued that the concentration and centralization of capital in financial institutions and large corporations had become a defining feature of capitalism. Hilferding emphasized the growing power of banks and finance in controlling industrial production and exerting influence over the state. He posited that finance capital and its control over the means of production had led to the emergence of a new stage of imperialism, where economic and political domination was exercised at a global level.
Hilferding's analysis contributed significantly to the ongoing debates within Marxist theory, particularly in relation to the role of finance and monopoly capitalism. His ideas had a lasting impact on subsequent Marxist thinkers, including Vladimir Lenin and his work on imperialism. Hilferding's concepts and theories continue to be studied and discussed by economists and political scientists interested in understanding the dynamics of contemporary capitalism.
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Etymology of RUDOLF HILFERDING
The word "Rudolf Hilferding" does not have an etymology as it consists of a proper name and surname.
However, if we analyze the origin of each part separately:
1. "Rudolf": The given name Rudolf is of German origin and derives from the Old High German name "Hrodwulf", which is composed of the elements "hrod" meaning "fame" or "glory", and "wulf" meaning "wolf". This name was popularized by several historical figures, including Rudolf I of Germany and Rudolf II, Holy Roman Emperor.
2. "Hilferding": The surname Hilferding also has Germanic origins. It is believed to be derived from the occupational name "hilfe", meaning "help" or "assist". It is possible that it initially referred to someone who provided assistance or support, and later became a hereditary surname.
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