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The theory of monopoly capitalism : an elaboration of Marxian political economy by John Bellamy Foster is a nonfiction available to read on EtoBox.

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In 1966, Paul Baran And Paul Sweezy Published Monopoly Capital, A Monumental Work Of Economic Theory And Social Criticism That Sought To Reveal The Basic Nature Of The Capitalism Of Their Time. Their Theory, And Its Continuing Elaboration By Sweezy, Harry Magdoff, And Others In Monthly Review Magazine, Infl Uenced Generations Of Radical And Heterodox Economists. They Recognized That Marx's Work Was Unfi Nished And Itself Historically Conditioned, And That Any Attempt To Understand Capitalism As An Evolving Phenomenon Needed To Take Changing Conditions Into Account. Having Observed The Rise Of Giant Monopolistic (or Oligopolistic) Fi Rms In The Twentieth Century, They Put Monopoly Capital At The Center Of Their Analysis, Arguing That The Rising Surplus Such Fi Rms Accumulated--as A Result Of Their Pricing Power, Massive Sales Efforts, And Other Factors--could Not Be Profi Tably Invested Back Into The Economy.^ Absent Any Epoch Making Innovations Like The Automobile Or Vast New Increases In Military Spending, The Result Was A General Trend Toward Economic Stagnation--a Condition That Persists, And Is Increasingly Apparent, To This Day. Their Analysis Was Also Extended To Issues Of Im

Who reads The theory of monopoly capitalism : an elaboration of Marxian political economy?

Author

John Bellamy Foster

Publisher

Monthly Review Press

Published

2014

Language

EN

ISBN

9781583674413

Category

nonfiction

Updated

2026-03-24