Rudolf Hilferding Quotes


As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production.


Citations

Hilferding, Rudolf. "Böhm-Bawerk's Criticism of Marx." Karl Marx and the Close of His System & Böhm-Bawerk's Criticism of Marx, edited by Paul M. Sweezy, Augustus M. Kelley, 1949, p. 162.

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Rudolf Hilferding
Rudolf Hilferding
  • Born: August 10, 1877
  • Died: February 11, 1941
  • Nationality: American
  • Profession: Judge

Rudolf Hilferding was an Austrian-born Marxist economist, socialist theorist, politician and the chief theoretician for the Social Democratic Party of Germany (SPD) during the Weimar Republic, being almost universally recognized as the SPD's foremost theoretician of his century. He was also a physician.