Format:
XLVIII, 280 S.
Edition:
New ed.
ISBN:
9781583674413
,
9781583674420
Content:
"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. They recognized that Marx's work was unfi nished and itself historically conditioned, and that any attempt to understand capitalism as an evolving phenomenon needed to take changing conditions into account. Having observed the rise of giant monopolistic (or oligopolistic) fi rms in the twentieth century, they put monopoly capital at the center of their analysis, arguing that the rising surplus such fi rms accumulated...as a result of their pricing power, massive sales efforts, and other factors...could not be profi tably invested back into the economy.
Language:
English
Subjects:
Economics
Keywords:
Monopolkapitalismus
;
Marxismus
;
Wirtschaftstheorie
;
Monopolkapitalismus
;
Marxismus
;
Theorie
Author information:
Foster, John Bellamy 1953-
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