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The Theory of Capitalist Development is a 1942 book by the Marxian economist Paul Sweezy, in which the author expounds and defends the labor theory of value. [1] It has received praise as an important work, but Sweezy has also been criticized for misrepresenting Karl Marx 's economic theories.
Paul Marlor Sweezy (April 10, 1910 – February 27, 2004) was a Marxist economist, political activist, publisher, and founding editor of the long-running magazine Monthly Review. He is best remembered for his contributions to economic theory as one of the leading Marxian economists of the second half of the 20th century.
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 ...
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as:
Like Baran and Sweezy's Monopoly Capital, Braverman's book made a comeback during the Great Recession and debates on the composition of the contemporary working class [22] and 'Taylorism 2.0'. [23]
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Baran worked closely with Sweezy on a book regarded as a landmark in Marxist theory entitled Monopoly Capital, although he died of a heart attack prior to the work's first publication in 1966. [6] Monthly Review launched in 1949 with a circulation of just 450 copies, most of whom were personal acquaintances of either Huberman or Sweezy. [7]
Other Marxist writers have adopted positions close to the de-growth perspective. For example, John Bellamy Foster [112] and Fred Magdoff, [113] in common with David Harvey, Immanuel Wallerstein, Paul Sweezy and others focus on endless capital accumulation as the basic principle and goal of capitalism.