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Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century is a book about the economics and sociology of work under monopoly capitalism by the political economist Harry Braverman. Building on Monopoly Capital by Paul A. Baran and Paul Sweezy, it was first published in 1974 by Monthly Review Press. [1] [2]
Harry Braverman (December 9, 1920 – August 2, 1976) [1] was an American Marxist, worker, political economist and revolutionary.Born in New York City to a working-class family, Braverman worked in a variety of metal smithing industries before becoming an editor at Grove Press, and later Monthly Review Press, where he worked until his death at the age of 55 in Honesdale, Pennsylvania. [2]
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 ...
Illustration of Industry 4.0, showing the four "industrial revolutions" with a brief English description. Industrial sociology, until recently a crucial research area within the field of sociology of work, examines "the direction and implications of trends in technological change, globalization, labour markets, work organization, managerial practices and employment relations" to "the extent to ...
The theory of state monopoly capitalism (also referred as stamocap) [1] was initially a Marxist thesis popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism , but he did not publish any extensive theory about the topic.
Consequently, labour power may be hired not "because it creates more value than it costs to buy", but simply because it conserves the value of a capital asset which, if this labour did not occur, would decline in value by an even greater amount than the labour cost involved in maintaining its value; or because it is a necessary expense which ...
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"Monopoly capital," sometimes called "finance capital," refers to the specific kind of capital which such companies wield, in which the functions of financial (or banking) capital and industrial capital become merged. Such capital can both be raised or loaned from an indefinite number of sources, and also be reinvested into a productive cycle ...