Capitalist Mode of Production and Monopolies

  • John Milios
  • Dimitris P. Sotiropoulos


As stated in the previous chapters, the idea of a ‘final stage’ of capitalism, shaped by the formation of monopolistic enterprises that eliminate capitalist competition, was first introduced into Marxist literature by Rudolf Hilferding’s Finance Capital (1909),1 a book strongly influenced by many of the ideas put forward by J. A. Hobson in his Imperialism: A Study (1901). Hilferding has always been regarded as a major Marxist theoretician of his time who further developed Marxist theory by extending consideration to certain socio-economic developments of capitalism that had not made their appearance during Marx’s lifetime: the formation of monopolies and the evolution of capitalism into a new, ‘ultimate’ stage.


Social Capital Capitalist Economy Capitalist Production Capitalist System Capitalist Relation 
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Copyright information

© John Milios and Dimitris P. Sotiropoulos 2009

Authors and Affiliations

  • John Milios
  • Dimitris P. Sotiropoulos

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