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Monopoly Capital: An Essay on the American Economic and Social Order
Cover of the 1967 edition
Authors
Paul Sweezy, Paul A. Baran
Country
United States
Language
English
Subject
Monopoly
Publisher
Monthly Review Press
Publication date
1966
Media type
Print
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Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press. It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the giant corporations that dominate the modern accumulation process. Their work played a leading role in the intellectual development of the New Left in the 1960s and 1970s. As a review in the American Economic Review stated, it represented "the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism."[1] It attracted renewed attention following the Great Recession.[2]
^Sherman, Howard J. (1966). "Monopoly Capital-An Essay on the American Economic and Social Order". American Economic Review. 56 (4): 919–21.
^"Monthly Review | Baran and Sweezy's Monopoly Capital, then and Now". November 2015.
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tensions, stirred up racial hatred, and made accusations of "white monopolycapital," using a large number of fake Twitter and other accounts online, as...
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