The Theory Of Monopoly Capitalism

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Theory of Monopoly Capitalism This is the first systematic discussion of the Marxian political economy of Paul Baran, Paul Sweezy, Harry Magdoff, and Samir Amin. John Foster explains their theoretical contributions and situates these in the context of on-going debates on economic theory.While orthodox economics takes account of the preeminent role of the giant, monopolistic corporation under capitalism only in passing, John Be.

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In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, infl uenced generations of radical and heterodox economists.

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