Monopoly Capital

Monopoly Capital: An Essay on the American Economic and Social Order
Cover of the 1967 edition
AuthorsPaul Sweezy, Paul A. Baran
LanguageEnglish
SubjectMonopoly
PublisherMonthly Review Press
Publication date
1966
Publication placeUnited States
Media typePrint

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]

  1. ^ Sherman, Howard J. (1966). "Monopoly Capital-An Essay on the American Economic and Social Order". American Economic Review. 56 (4): 919–21.
  2. ^ "Monthly Review | Baran and Sweezy's Monopoly Capital, then and Now". November 2015.