Finance and Credit

Development of the category of financial capital and the modernity

Vol. 24, Iss. 8, AUGUST 2018

Received: 21 June 2018

Received in revised form: 6 July 2018

Accepted: 23 July 2018

Available online: 29 August 2018


JEL Classification: B24, E22, E44, F65

Pages: 2004–2014

Metel'skaya V.V. Kuban State University, Krasnodar, Russian Federation

Subject This paper considers the phenomenon of financial capital in the modern theoretical economics. The subject needs a deep investigation, based on a logical and gnosiological approach, to determine dominant values in the process of its formation and development.
Objectives The paper aims to increase the efficiency of research on the current form of global financial and information capital. It analyzes the specifics and main problems of financial capital essence determination.
Methods The study uses the dialectical gnosiological approach, value-based approach, systems approach, extrapolation method, and the structural and functional approach.
Conclusions Taking into account the peculiarities of development of modern financial markets of financial services, the study of the financial capital category should be based on dialectical principles and laws, the need to identify the value dominants of historical-social and economic phenomenon, strengths and weaknesses based on understanding the attitude of the subject to reality. The global process of transforming financial capital into a dominant universal category, influencing the forming structure of finances and the behavior of the financial system as a whole, should be understood not only as a result of many factors influencing the process of its formation, but as a necessity caused by the law of the negation of the negation.

Keywords: financial capital, globalization, information communications, genesis, dialectics


  1. Lenin V.I. Imperializm kak vysshaya stadiya kapitalizma. Poln. sobr. soch., 5 izd. T. 27 [Imperialism, the Highest Stage of Capitalism. Complete works. 5th Edition. Vol. 27]. Moscow, Politizdat Publ., 1969, 642 p.
  2. Marx K., Engels F. Nemetskaya ideologiya. Sobranie sochinenii. 2-e izd [The German Ideology. Collected works. 2nd Edition]. Moscow, Politizdat Publ., 1955, vol. 3, 689 p.
  3. Marx K., Engels F. Sochineniya. 2-e izd. T. 13 [Writings. 2nd Edition. Vol. 13]. Moscow, Politizdat Publ., 1959, 771 p.
  4. Lenin V.I. Karl Marks. Poln. sobr. soch. T. 26 [Karl Marx. Complete works. Vol. 26]. Moscow, Politizdat Publ., 1975, 356 p.
  5. Buzgalin A.V., Kolganov A.I. Global'nyi kapital. V 2-kh tt. T. 2. Teoriya. Global'naya gegemoniya kapitala i ee predely [Global capital. In 2 volumes. Vol. 2. Theory. Global hegemony and its limits]. Moscow, LENAND Publ., 2015, 904 p.
  6. Foster J.B. The Financialization of Capitalism. Monthly Review, 2007, vol. 58, iss. 11. URL:
  7. Houben H. La Crise de Trente Ans: La Fin du Capitalisme? Bruxelles, Aden Belgique Publ., 2011, 458 p.
  8. Vinokurov O.V. [Factors of transformation of modern financial capital]. Vestnik Samarskogo gosudarstvennogo ekonomicheskogo universiteta = Vestnik of Samara State Economic University, 2015, no. 11, pp. 115–120. (In Russ.)
  9. Kolotov Yu.O. [Infocommunications as a system factor for finance development]. Naukoemkie tekhnologii v kosmicheskikh issledovaniyakh Zemli = High Tech in Earth Space Research, 2017, vol. 9, iss. 1, pp. 48–51. (In Russ.)
  10. Makarov V.B., Gorbachev V.L., Zheltonosov V.M. et al. Novaya ekonomika: integratsiya rynkov finansovykh i informatsionnykh uslug [New economics: integration of markets of financial and information services]. Moscow, ACADEMIA Publ., 2009, 223 p.
  11. Streeck W. How Will Capitalism End? London, Verso Books Publ., 2016, 272 p.
  12. Carson R. Fictitious Capital and the Re-emergence of Personal Forms of Domination. Continental Thought & Theory: A Journal of Intellectual Freedom, 2017, vol. 1, iss. 4, pp. 566–586.
  13. Žižek S. Fictitious Capital and the Return of Personal Domination. 2017. URL:
  14. Milovidov V.D. [Future of Financial Market]. Problemy natsional'noi strategii = Problems of National Strategy, 2017, no. 5, pp. 131–157. URL:Будущее_финансового_рынка (In Russ.)
  15. Danielyan N.V. [Cognitive capitalism as a new socio-economic concept]. Ekonomicheskie i sotsial'no-gumanitarnye issledovaniya = Economic and Social Research, 2016, no. 1, pp. 63–67. URL: (In Russ.)
  16. Paulre B. [Ambiguities of cognitive capitalism]. Logos = The Logos Journal, 2007, no. 4, pp. 70–113. (In Russ.)
  17. Glaz'ev S. Velikaya tsifrovaya revolyutsiya: vyzovy i perspektivy dlya ekonomiki XXI veka [The great digital revolution: challenges and prospects for economy of the 21st century]. URL:
  18. Sloterdijk P. Zorn und Zeit. Berlin, Suhrkamp Verlag Publ., 2006, 356 p.
  19. Haybron D.M. The Pursuit of Unhappiness: The Elusive Psychology of Well-Being. New York, Oxford University Press, 2008, 384 p.

View all articles of issue


ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 24, Iss. 8
August 2018