This book appears in the following booklists
(Availability of '24-48 hours' means our wholesaler has stock - we place orders 2-3 times a week & receive the books next day.)
(Availability of '7-10 days' or 'Special Order' means we order direct from the publisher - order times vary, many supply within 10 days.)
Phone us: 0151 708 7270
The Theory of Monopoly Capitalism: An Elaboration of Marxian Political Economy
John Bellamy Foster
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, influenced generations of radical and heterodox economists. They recognized that Marx’s work was unfinished 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) firms in the twentieth century, they put monopoly capital at the center of their analysis, arguing that the rising surplus such firms accumulated—as a result of their pricing power, massive sales efforts, and other factors—could not be profitably 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 imperialism, or “accumulation on a world scale,” overlapping with the path-breaking work of Samir Amin in particular.
ISBN 13: 9781583674413 | ISBN 10: 1583674411
Please note: Neither this website nor our order website can tell you if a book is actually in the shop right now - please contact us to find out.
Prices - we do our best to keep price information up to date, but publishers very occasionally change book prices, so we cannot completely guarantee the prices shown here.
We're always happy to check price & availability for you before you place your order, just ask!