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The theory was developed from a Marxian perspective by Paul A. Baran in 1957 with the publication of his The Political Economy of Growth. [7] Dependency theory shares many points with earlier, Marxist, theories of imperialism by Rosa Luxemburg and Vladimir Lenin , and has attracted continued interest from Marxists.
Paul Alexander Baran (/ ˈ b æ r ən /; 25 August 1909 – 26 March 1964) was an American Marxist economist. In 1951, Baran was promoted to full professor at Stanford University . He was the only tenured Marxian economist in the United States until his death in 1964.
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 ...
In more recent literature the term enclave economy has been used in a different sense than it was in the development debate. In the newer literature, it often refers to ethnically defined communities, often from developing countries, who reside and work sometimes illegally, sometimes under legal temporary admission contracts, or sometimes as legal immigrants in developed countries.
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 ...
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The theory of unequal exchange is a rejection of the fundamental assumptions of Ricardian and neoclassical theories of comparative advantage, which claim that free trade based on comparative costs is beneficial to all parties and in turn represents the theoretical justification of neoliberal trade policies. More generally, the concept is a ...
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