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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.
[3] Harvard published Sweezy's dissertation, Monopoly and Competition in the English Coal Trade, 1550–1850, in 1938. With the 1942 publication of The Theory of Capitalist Development, [7] Sweezy established himself as the "dean of American Marxists" and laid foundations for later Marxist work on these themes. In addition to presenting the ...
Baran, Paul A. & Sweezy, Paul M. Monopoly Capital: An essay on the American economic and social order (New York: Monthly Review Press, 1966) Nicholas Baran and John Bellamy Foster, eds., The Age of Monopoly Capital, The Selected Correspondence of Paul A. Baran and Paul M. Sweezy, 1949-1964 (Monthly Review Press, New York, 2017).
From 1949, he was an active participant in the formulation of editorial ideas and opinions in Monthly Review magazine edited by Paul Sweezy and Leo Huberman. Baran visited Cuba in 1960 along with Sweezy and Huberman, and was greatly inspired. In 1962 he revisited Moscow, Iran, and Yugoslavia. In his last years he worked on Monopoly Capital with ...
Between the publication of Lenin's Imperialism in 1916 and Paul Sweezy's The Theory of Capitalist Development in 1942 and Paul A. Baran's Political Economy of Growth in 1957, there was a notable lack of development in the Marxist theory of imperialism, best explained by the elevation of Lenin's work to the status of Marxist orthodoxy. Like ...
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 .
[8] [note 3] Already in 1844, long before he wrote Das Kapital, Marx was very aware of credit money. [note 4] [note 5] Whereas "commodity money" (coinage or bullion) played an important role in the earlier stages of capitalist development, the growth of integrated capital markets meant increased use of credit money. Marx felt that the initial ...
Marxist economist Paul Sweezy rejects Böhm-Bawerk's view that the theory of value must be abandoned. However, he considers Karl Marx and the Close of His System to be the best statement of the argument that the fact that the law of value is not directly controlling in capitalist production requires the rejection of the theory of value. [4]