LAPAVITSAS, COSTAS - Department of Economics, School of Oriental and African … - 2002
and Smith. The innovative Marxist analysis of banking by Hilferding combined elements of both. Banks in the early stages … Steuart-like, also developing 'commitment' relations with enterprises. However, Hilferding also implied, erroneously, that … financial systems historically evolve in a bank-based direction. Based on Hilferding but also drawing on Japanese Marxist …