The Age of Monopoly Capital

The letters selected for this volume illuminate not only the development of the political economy that was to form the basis of Monopoly Capital, but also the historical context—the McCarthy Era, the Cold War, the Cuban Missile ...

Author: Paul M. Sweezy

Publisher: NYU Press

ISBN: 1583676538

Category: Literary Collections

Page: 544

View: 630

The rich correspondence that preceded the publication of Monopoly Capital Paul A. Baran and Paul M. Sweezy were two of the leading Marxist economists of the twentieth century. Their seminal work, Monopoly Capital: An Essay on the American Economic and Social Order, published in 1966, two years after Baran's death, was in many respects the culmination of fifteen years of correspondence between the two, from 1949 to 1964. During those years, Baran, a professor of economics at Stanford, and Sweezy, a former professor of economics at Harvard, then co-editing Monthly Review in New York City, were separated by three thousand miles. Their intellectual collaboration required that they write letters to one another frequently and, in the years closer to 1964, almost daily. Their surviving correspondence consists of some one thousand letters. The letters selected for this volume illuminate not only the development of the political economy that was to form the basis of Monopoly Capital, but also the historical context—the McCarthy Era, the Cold War, the Cuban Missile Crisis—in which these thinkers were forced to struggle. Not since Marx and Engels carried on their epistolary correspondence has there has been a collection of letters offering such a detailed look at the making of a prescient critique of political economy—and at the historical conditions from which that critique was formed.

Monopoly Capital

This landmark text by Paul Baran and Paul Sweezy is a classic of twentieth-century radical thought, a hugely influential book that continues to shape our understanding of modern capitalism. “This book… deals with a vital area of ...

Author: Paul A. Baran

Publisher: NYU Press

ISBN: 1583674004

Category: Political Science

Page: 416

View: 445

This landmark text by Paul Baran and Paul Sweezy is a classic of twentieth-century radical thought, a hugely influential book that continues to shape our understanding of modern capitalism. “This book… deals with a vital area of economics, has a unique approach, is stimulating and well written. It represents the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism.” — Howard J. Sherman, American Economic Review

The Theory of Monopoly Capitalism

... 1.4 percent in 1970–1989 to 0.96 percent in 2000–2006.59 Given that income
inequality is rapidly increasing almost everywhere in the world in the age of
globalizing monopoly-finance capital, the gap in income and wealth between
those at ...

Author: John Bellamy Foster

Publisher: NYU Press

ISBN: 1583674535

Category: Political Science

Page: 320

View: 855

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 imperialism, or “accumulation on a world scale,” overlapping with the path-breaking work of Samir Amin in particular. John Bellamy Foster is a leading exponent of this theoretical perspective today, continuing in the tradition of Baran and Sweezy’s Monopoly Capital. This new edition of his essential work, The Theory of Monopoly Capitalism, is a clear and accessible explication of this outlook, brought up to the present, and incorporating an analysis of recently discovered “lost” chapters from Monopoly Capital and correspondence between Baran and Sweezy. It also discusses Magdoff and Sweezy’s analysis of the fi nancialization of the economy in the 1970s, ‘80s, and ‘90s, leading up to the Great Financial Crisis of the opening decade of this century. Foster presents and develops the main arguments of monopoly capital theory, examining its key exponents, and addressing its critics in a way that is thoughtful but rigorous, suspicious of dogma but adamant that the deep-seated problems of today’s monopoly-fi nance capitalism can only truly be solved in the process of overcoming the system itself.

Labor and Monopoly Capital

Like a rider who uses reins, bridle, spurs, carrot, whip, and training from birth to
impose his will, the capitalist strives, ... the customs of the age required the
apprentices and journeymen to give to the man whom they had contracted to

Author: Harry Braverman

Publisher: NYU Press

ISBN: 0853459401

Category: Political Science

Page: 465

View: 192

This widely acclaimed book, first published in 1974, was a classic from its first day in print. Written in a direct, inviting way by Harry Braverman, whose years as an industrial worker gave him rich personal insight into work, Labor and Monopoly Capital overturned the reigning ideologies of academic sociology. This new edition features an introduction by John Bellamy Foster that sets the work in historical and theoretical context, as well as two rare articles by Braverman, "The Degradation of Work in the Twentieth Century" (1975) and "Two Comments" (1976), that add much to our understanding of the book.

Monopoly Capital

The very offspring of monopoly capitalism, the inevitable by-product of the
decline of price competition, advertising constitutes as much an integral part of
the system as the giant corporation itself. As Pigou casually observed — without
further ...

Author: Paul A. Baran, Paul M. Sweezy





View: 481

Labor and Capital in the Age of Globalization

... early stages of industrial capitalism.1 Similarly, in the advanced phases of
monopoly capitalism, worker autonomy and solidarity may be mitigated by
shifting the most labor-intensive operations to peripheral countries where the
employment ...

Author: Berch Berberoglu

Publisher: Rowman & Littlefield

ISBN: 9780742516618

Category: Business & Economics

Page: 221

View: 385

This book offers a timely analysis of work and labor processes and how they are rapidly changing under globalization. The contributors explore traditional sectors of the U.S. and world economies - from auto to steel to agriculture - as well as work under new production arrangements, such as third world export processing zones. Many chapters analyze changing dynamics of gender, nationality, and class. The contributors explain why more intensified forms of control by the state and by capital interests are emerging under globalization. Yet they also emphasize new possibilities for labor, including new forms of organizing and power sharing in a rapidly changing economy.

Andrew Carnegie

These virtual monopolies must be controlled in some way or another.” Carnegie's
rather ... The age of monopoly capitalism was dawning and required bold new
solutions to protect the consumer from runaway corporate collusion. His industrial

Author: David Nasaw

Publisher: Penguin

ISBN: 1101201797

Category: Biography & Autobiography

Page: 896

View: 880

A New York Times bestseller! The definitive account of the life of Andrew Carnegie Celebrated historian David Nasaw, whom The New York Times Book Review has called "a meticulous researcher and a cool analyst," brings new life to the story of one of America's most famous and successful businessmen and philanthropists—in what will prove to be the biography of the season. Born of modest origins in Scotland in 1835, Andrew Carnegie is best known as the founder of Carnegie Steel. His rags to riches story has never been told as dramatically and vividly as in Nasaw's new biography. Carnegie, the son of an impoverished linen weaver, moved to Pittsburgh at the age of thirteen. The embodiment of the American dream, he pulled himself up from bobbin boy in a cotton factory to become the richest man in the world. He spent the rest of his life giving away the fortune he had accumulated and crusading for international peace. For all that he accomplished and came to represent to the American public—a wildly successful businessman and capitalist, a self-educated writer, peace activist, philanthropist, man of letters, lover of culture, and unabashed enthusiast for American democracy and capitalism—Carnegie has remained, to this day, an enigma. Nasaw explains how Carnegie made his early fortune and what prompted him to give it all away, how he was drawn into the campaign first against American involvement in the Spanish-American War and then for international peace, and how he used his friendships with presidents and prime ministers to try to pull the world back from the brink of disaster. With a trove of new material—unpublished chapters of Carnegie's Autobiography; personal letters between Carnegie and his future wife, Louise, and other family members; his prenuptial agreement; diaries of family and close friends; his applications for citizenship; his extensive correspondence with Henry Clay Frick; and dozens of private letters to and from presidents Grant, Cleveland, McKinley, Roosevelt, and British prime ministers Gladstone and Balfour, as well as friends Herbert Spencer, Matthew Arnold, and Mark Twain—Nasaw brilliantly plumbs the core of this facinating and complex man, deftly placing his life in cultural and political context as only a master storyteller can.

Culture Class and Critical Theory

The age of monopoly capitalism, which follows this early bourgeois age of
competitive capitalism, conspires to destroy this ... and require such a large scale
of production that capital becomes concentrated into large, bureaucratic

Author: David Gartman

Publisher: Routledge

ISBN: 1136169768

Category: Social Science

Page: 194

View: 375

Culture, Class, and Critical Theory develops a theory of culture that explains how ideas create and legitimate class inequalities in modern society. This theory is developed through a critique and comparison of the powerful ideas on culture offered by Pierre Bourdieu and the Frankfurt School thinkers, especially Theodor Adorno. These ideas are illuminated and criticized through the development of two empirical cases on which Gartman has published extensively, automobile design and architecture. Bourdieu and the Frankfurt School postulate opposite theories of the cultural legitimation of class inequalities. Bourdieu argues that the culture of modern society is a class culture, a ranked diversity of beliefs and tastes corresponding to different classes. The cultural beliefs and practices of the dominant class are arbitrarily defined as superior, thus legitimating its greater share of social resources. By contrast, the thinkers of the Frankfurt School conceive of modern culture as a mass culture, a leveled homogeneity in which the ideas and tastes shared by all classes disguises real class inequalities. This creates the illusion of an egalitarian democracy that prevents inequalities from being contested. Through an empirical assessment of the theories against the cases, Gartman reveals that both are correct, but for different parts of modern culture. These parts combine to provide a strong legitimation of class inequalities.

Neoliberalism and Global Theatres

Žižek emphasizes that this new spirit of capitalism masqueradesas an egalitarian
projectand “even usurp[s] the far Left's ... as trademark may have been developed
during the age of monopoly capitalism, but theuseof the word “branding”—and ...

Author: L. Nielsen

Publisher: Springer

ISBN: 1137035609

Category: Performing Arts

Page: 316

View: 860

How do theatre and performance transmit and dispute ideologies of neoliberalism? The essays in this anthology examine the mechanisms and rhetorics of contemporary multinational and transnational organizations, artists, and communities that produce theatre and performance for global audiences.

Social Policy and Aging

The accumulation function, whereby the state must ensure the continued
profitable working of the capitalist economy 2. ... O'Connor suggests that in the
age of monopoly capital, ever-expanding state expenditures on social capital, ...

Author: Carroll L. Estes

Publisher: SAGE Publications

ISBN: 1452267022

Category: Social Science

Page: 304

View: 214

This groundbreaking book provides comprehensive treatment of the political economy of aging by a scholar widely credited as the founder and key thinker of this field in the US and internationally. The body of work presented in this volume, in developing this critical perspective, aims to contribute to the understanding of old age and aging in the context of problems and issues of the larger social order in the world's most advanced capitalist nation, the U.S.A.. Since Estes' first writing on the political economy of aging in 1979, there has been growing recognition and incorporation of her critical perspective as one of the major paradigms in the field of aging.

Monopoly Capital Theory

Hilferding and Twentieth-century Capitalism Jonas Zoninsein. however , in the
age of finance capital , when production is controlled by cartels and banks ,
crises take on characteristics of their own . Owing to the process of capital ...

Author: Jonas Zoninsein

Publisher: Praeger


Category: Business & Economics

Page: 137

View: 273

The theories of finance capital, as developed by Rudolf Hilferding, and monopoly capital form the underlying concepts in current explanations of how capitalism works today. This book presents a critical examination of these theories by focusing on the concepts of competition, credit, and economic crises. Zoninsein accepts Hilferding's central elements, but seeks to refine and reinterpret the concepts and procedures in light of the current changes in economic thought and social life. Particular attention is paid to the sharp contrasts that are exhibited between Hilferding's work and the economic theories of Marx.


This volume contains a series of essays aimed at illuminating the theory, history, and roots of imperialism, which extend the analysis developed in Magdoff’s The Age of Imperialism.

Author: Harry Magdoff

Publisher: NYU Press

ISBN: 0853454981

Category: History

Page: 283

View: 742

This volume contains a series of essays aimed at illuminating the theory, history, and roots of imperialism, which extend the analysis developed in Magdoff’s The Age of Imperialism.

Capitalism in the Age of Globalization

This is an analysis of the increasingly differentiated regions of the South, the former Eastern bloc countries and Western Europe.

Author: Samir Amin

Publisher: Zed Books

ISBN: 9781856494687

Category: Business & Economics

Page: 158

View: 361

Samir Amin is one of the world's most profound thinkers about the changing nature of capitalism, North-South relations and issues of development. In this book, he provides us with a powerful understanding of the new and very different era which capitalism has now entered with the collapse of the Soviet model, the triumph of the market and accelerating globalization. His sophisticated analysis brings within its ambit the increasingly differentiated regions of the South, the former Eastern bloc countries, as well as Western Europe. He also integrates his economic arguments about the nature of the crisis with political arguments based on his vision of human history not as simply determined by material realities, but as the product of social responses to those realities. His innovative analysis of the rise of ethnicity and fundamentalism as consequences of the failure of ruling classes in the South to alter the unequal terms of globalization is particularly compelling. And his deconstruction of the Bretton Woods institutions as the managerial mechanisms protecting the profitability of capital has profound implications for the likelihood of their being reformed in any meaningful way. Looking ahead, Amin rejects the apparent inevitability of globalization in its present polarising form, and instead asserts the need for each society to negotiate the terms of its inter-dependence with the rest of the global economy.

The ideal worlds of economics

monopoly capitalism, all right, but is less directly connected to economic
processes of the marketplace. The virtual explosion of ... The age of monopoly
capital is not an age of security, not even for Americans. Surrounding and
permeating ...

Author: Benjamin N. Ward



Category: Business & Economics

Page: 482

View: 807

The Sentimental Touch The Language of Feeling in the Age of Managerialism

If sentimental language in small-town Ohio was a marked anachronism in an age
of looming managerial dominance, then ... In Labor and Monopoly Capital, Harry
Braverman writes that “the separation of hand and brain is the most decisive ...

Author: Aaron Ritzenberg

Publisher: Fordham Univ Press

ISBN: 0823245527

Category: Business & Economics

Page: 179

View: 845

The Sentimental Touch' explores the strange, enduring power of sentimental language in the face of a rapidly changing culture.

The Papacy in the Age of Totalitarianism 1914 1958

The latter was a sort of omnibus condemnation of the ills of the age—including
anticlericalism (in Spain, in particular) and Communism—coupled with
exhortations to penance and prayer, but it also harps on the theme of monopoly
capitalism: ...

Author: John Pollard

Publisher: OUP Oxford

ISBN: 0191026581

Category: Religion

Page: 576

View: 718

The Papacy in the Age of Totalitarianism, 1914-1958 examines the most momentous years in papal history. Popes Benedict XV (1914-1922), Pius XI (1922-1939), and Pius XII (1939-1958) faced the challenges of two world wars and the Cold War, and threats posed by totalitarian dictatorships like Italian Fascism, German National Socialism, and Communism in Russia and China. The wars imposed enormous strains upon the unity of Catholics and the hostility of the totalitarian regimes to Catholicism lead to the Church facing persecution and martyrdom on a scale similar to that experienced under the Roman Empire and following the French Revolution. At the same time, these were years of growth, development, and success for the papacy. Benedict healed the wounds left by the 'modernist' witch hunt of his predecessor and re-established the papacy as an influence in international affairs through his peace diplomacy during the First World War. Pius XI resolved the 'Roman Question' with Italy and put papal finances on a sounder footing. He also helped reconcile the Catholic Church and science by establishing the Pontifical Academy of Sciences and took the first steps to move the Church away from entrenched anti-Semitism. Pius XI continued his predecessor's policy of the 'indigenisation' of the missionary churches in preparation for de-colonisation. Pius XII fully embraced the media and other means of publicity, and with his infallible promulgation of the Assumption in 1950, he took papal absolutism and centralism to such heights that he has been called the 'last real pope'. Ironically, he also prepared the way for the Second Vatican Council.

Body Dialectics in the Age of Goethe

... and die makers turning out the intricate machinery needed for a new
automobile model , the manufacturers of paper and ink and TV sets whose
products are used to control the minds of people , and so on and so on ” . In :
Monopoly Capital .

Author: Marianne Henn

Publisher: Rodopi

ISBN: 9789042010765

Category: Social Science

Page: 437

View: 793

In opposition to an essentialist conceptualization, the social construct of the human body in literature can be analyzed and described by means of effective methodologies that are based on Discourse Theory, Theory of Cultural Transmission and Ecology, System Theory, and Media Theory. In this perspective, the body is perceived as a complex arrangement of substantiation, substitution, and omission depending on demands, expectations, and prohibitions of the dominant discourse network. The term Body-Dialectics stands for the attempt to decipher – and for a moment freeze – the web of such discursive arrangements that constitute the fictitious notion of the body in the framework of a specific historic environment, here in the Age of Goethe.

The Conspiracy of Capital

Drawing on a wealth of primary sources, The Conspiracy of Capital offers a new history of American radicalism and the alliance between the modern business corporation and national security state through a comprehensive reassessment of the ...

Author: Michael Mark Cohen


ISBN: 9781625344007

Category: History

Page: 336

View: 589

Between the 1880s and 1920s, a broad coalition of American dissidents, which included rabble-rousing cartoonists, civil liberties lawyers, socialist detectives, union organizers, and revolutionary martyrs, forged a culture of popular radicalism that directly challenged an emergent corporate capitalism. Monopoly capitalists and their allies in government responded by expanding conspiracy laws and promoting conspiracy theories in an effort to destroy this anti-capitalist movement. The result was an escalating class conflict in which each side came to view the other as a criminal conspiracy. In this detailed cultural history, Michael Mark Cohen argues that a legal, ideological, and representational politics of conspiracy contributed to the formation of a genuinely revolutionary mass culture in the United States, starting with the 1886 Haymarket bombing. Drawing on a wealth of primary sources, The Conspiracy of Capital offers a new history of American radicalism and the alliance between the modern business corporation and national security state through a comprehensive reassessment of the role of conspiracy laws and conspiracy theories in American social movements.