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The Theory of Monopoly Capitalism: An Elaboration of Marxian Political Economy
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Bibliographic Detail
Publisher Monthly Review Pr
Publication date April 1, 2014
Pages 280
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9781583674420
ISBN-10 158367442X
Dimensions 1 by 5.75 by 8.50 in.
Weight 1.10 lbs.
Original list price $89.00
Other format details university press
Summaries and Reviews
Amazon.com description: Product Description:
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. Absent any “epoch making innovations” like the automobile or vast new increases in military spending, the result was a general trend toward economic stagnation—a condition that persists, and is increasingly apparent, to this day. Their analysis was also extended to issues of imperialism, or “accumulation on a world scale,” overlapping with the path-breaking work of Samir Amin in particular.
 
John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy’s Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered “lost” chapters from Monopoly Capital and correspondence between Baran and Sweezy. It also discusses Magdoff and Sweezy’s analysis of the fi nancialization of the economy in the 1970s, ‘80s, and ‘90s, leading up to the Great Financial Crisis of the opening decade of this century. Foster presents and develops the main arguments of monopoly capital theory, examining its key exponents, and addressing its critics in a way that is thoughtful but rigorous, suspicious of dogma but adamant that the deep-seated problems of today’s monopoly-fi nance capitalism can only truly be solved in the process of overcoming the system itself.


Editions
Hardcover
Book cover for 9781583674420
 
The price comparison is for this edition
from Monthly Review Pr (April 1, 2014)
9781583674420 | details & prices | 280 pages | 5.75 × 8.50 × 1.00 in. | 1.10 lbs | List price $89.00
About: 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.
from Monthly Review Pr (April 1, 1986)
9780853456889 | details & prices | List price $33.00
About: This is the first systematic discussion of the Marxian political economy of Paul Baran, Paul Sweezy, Harry Magdoff, and Samir Amin.
Paperback
Book cover for 9780853456896 Book cover for 9781583674413
 
Reprint edition from Monthly Review Pr (April 1, 2014)
9781583674413 | details & prices | 280 pages | 5.50 × 8.25 × 1.00 in. | 0.80 lbs | List price $22.00
About: 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.
from Monthly Review Pr (January 1, 1986)
9780853456896 | details & prices | 5.50 × 8.25 × 0.75 in. | 1.00 lbs | List price $15.00
About: This is the first systematic discussion of the Marxian political economy of Paul Baran, Paul Sweezy, Harry Magdoff, and Samir Amin.

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