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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.
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The book was the first in English to deal with such questions as the transformation problem thoroughly. [citation needed] Sweezy worked for several New Deal agencies analyzing the concentration of economic power and the dynamics of monopoly and competition. This research included the influential study for the National Resources Committee ...
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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 ...