 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (July 2019) |
.jpg) Cover of the 1967 edition | |
| Authors | Paul Sweezy, Paul A. Baran |
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| Language | English |
| Subject | Monopoly |
| Publisher | Monthly Review Press |
Publication date | 1966 |
| Publication place | United States |
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| This article is part of a series on |
| Socialism in the United States |
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| Part of a series about |
| Imperialism studies |
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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.