The Theory of Monopoly Capitalism

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Publisher : NYU Press
ISBN 13 : 1583674411
Total Pages : 320 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The Theory of Monopoly Capitalism by : John Bellamy Foster

Download or read book The Theory of Monopoly Capitalism written by John Bellamy Foster and published by NYU Press. This book was released on 2014-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Monopoly Capital

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Publisher : NYU Press
ISBN 13 : 0853450730
Total Pages : 415 pages
Book Rating : 4.8/5 (534 download)

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Book Synopsis Monopoly Capital by : Paul A. Baran

Download or read book Monopoly Capital written by Paul A. Baran and published by NYU Press. This book was released on 1966 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay on the capitalist economy of the USA - covers corporation structure and giant entrepreneurship, generation and absorption of surplus profit, consumption, investment, historical and political aspects of monopoly, defence policy, etc., and includes sociological aspects, the standard of living and intergroup relations. References.

The Age of Monopoly Capital

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Publisher : NYU Press
ISBN 13 : 1583676538
Total Pages : 544 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The Age of Monopoly Capital by : Paul M. Sweezy

Download or read book The Age of Monopoly Capital written by Paul M. Sweezy and published by NYU Press. This book was released on 2017-07-24 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

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Publisher : NYU Press
ISBN 13 : 1583676570
Total Pages : 280 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value by : Samir Amin

Download or read book Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value written by Samir Amin and published by NYU Press. This book was released on 2018-02-22 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. Amin extends Marx's analysis to describe a concept of “imperialist rent” derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy’s notion of economic surplus to explain a globally monopolized system in which Marx's “law of value” takes the form of a “law of globalized value,” generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin’s work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx’s Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.

The Theory of Monopoly Capitalism

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Publisher : NYU Press
ISBN 13 : 158367442X
Total Pages : 320 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The Theory of Monopoly Capitalism by : John Bellamy Foster

Download or read book The Theory of Monopoly Capitalism written by John Bellamy Foster and published by NYU Press. This book was released on 2014-04 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Theory of Monopoly Capitalism

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Author :
Publisher :
ISBN 13 : 9781583674543
Total Pages : pages
Book Rating : 4.6/5 (745 download)

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Book Synopsis The Theory of Monopoly Capitalism by : John Bellamy Foster

Download or read book The Theory of Monopoly Capitalism written by John Bellamy Foster and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "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. "--

Global Capitalism

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Publisher : State University of New York Press
ISBN 13 : 1438418051
Total Pages : 324 pages
Book Rating : 4.4/5 (384 download)

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Book Synopsis Global Capitalism by : Robert J. S. Ross

Download or read book Global Capitalism written by Robert J. S. Ross and published by State University of New York Press. This book was released on 1990-07-05 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have global markets and global manufacturing changed the balance of social, economic and political power? With this volume Ross and Trachte challenge existing political-economic theory. In concise terms they show how traditional theories of monopoly capitalism and world systems are not well-suited to analyze the emergence of global capitalism. This book, in a series of case studies of U.S. metropolitan areas, examines the dramatic transformation of the world economy in the last two decades. The book's last section examines political strategy and the political theory implied by the heightened power of capital.

Globalisation?

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Globalisation? by : Bob Milward

Download or read book Globalisation? written by Bob Milward and published by Edward Elgar Publishing. This book was released on 2003 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bob Milward presents an alternative view of globalization and argues that indeed there has been a continuum in capitalist development, but that this has been forged by historical processes and the dynamism of the competitive forces of capitalism. Milward identifies the emergence of monopoly capitalism as an important shaping factor, and in so doing sheds new light on issues of underdevelopment, multi-national imperialism and crises in advanced capitalist economies.

Cornered

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Publisher : Turner Publishing Company
ISBN 13 : 0470557036
Total Pages : 411 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Cornered by : Barry C. Lynn

Download or read book Cornered written by Barry C. Lynn and published by Turner Publishing Company. This book was released on 2009-12-10 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A manifesto for our times." —Thomas Frank, Wall Street Journal Barry C. Lynn, one of the most original and surprising students of the American economy, paints a genuinely alarming picture: most of our public debates about globalization, competitiveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy. Cornered strips the camouflage from the secret world of twenty-first-century monopolies-neofeudalist empires whose sheer size, vast resources, and immense political power enable the people who control to direct virtually every major industry in America in an increasingly authoritarian manner. Lynn reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their competition, and how they collude with one another to maintain their power and create the illusion of open, competitive markets. A confluence of small government zealotry and misguided efficient market theories has lead to a complete dismantling of government oversight of industry. Has that brought us the promised economic utopia? Just the opposite. For decades, the dominant elite has used the federal government to all but encourage companies to buy one another up, outsource all their production, and make their profits by leveraging their complete power over the market itself. Lynn makes clear it will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens, and the independence of our Republic. Details how regular citizens can join together to beat the great powers, and how to do so by relearning the real history and language of our democratic republic. Includes stories of real people and real industries that show how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of products, destabilize vital industrial and financial systems, and destroy the fabric of democracy Explores monopoly power across a wide array of industries, including appliances, auto parts, beer, eyeglasses, medical supplies, pet food, surfboards, vitamins, and more. Demonstrates how the drive for "always lower prices" makes your job disappear, puts your small business out of business, and turns dreams of entrepreneurial success into impossible fantasies Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very seriously by the top policymakers and economic thinkers in Washington and around the world. His work has been compared already to John Kenneth Galbraith and Peter Drucker. The Washington Post called Lynn's last book-on globalization-"Tom Friedman for grownups." Cornered is essential reading for anyone who cares about America and its future.

The Socialist Alternative

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Publisher : NYU Press
ISBN 13 : 1583674950
Total Pages : 192 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The Socialist Alternative by : Michael Lebowitz

Download or read book The Socialist Alternative written by Michael Lebowitz and published by NYU Press. This book was released on 2010-07-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A good society,“ Michael Lebowitz tells us, “is one that permits the full development of human potential.” In this slim, lucid, and insightful book, he argues persuasively that such a society is possible. That capitalism fails his definition of a good society is evident from even a cursory examination of its main features. What comes first in capitalism is not human development but privately accumulated profits by a tiny minority of the population. When there is a conflict between profits and human development, profits take precedence. Just ask the unemployed, those toiling at dead-end jobs, the sick and infirm, the poor, and the imprisoned. But if not capitalism, what? Lebowitz is also critical of those societies that have proclaimed their socialism, such as the former Soviet Union and China. While their systems were not capitalist and were capable of achieving some of what is necessary for the “development of human potential,” they were not “good societies.” A good society as Lebowitz defines it must be marked by three characteristics: social ownership of the means of production, social production controlled by workers, and satisfaction of communal needs and purposes. Lebowitz shows how these characteristics interact with and reinforce one another, and asks how they can be developed to the point where they occur more or less automatically—that is, become both a society’s premises and outcomes. He also offers fascinating insights into matters such as the nature of wealth, the illegitimacy of profits, the inadequacies of worker-controlled enterprises, the division of labor, and much more.

The ABCs of the Economic Crisis

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Publisher : NYU Press
ISBN 13 : 158367196X
Total Pages : 145 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The ABCs of the Economic Crisis by : Fred Magdoff

Download or read book The ABCs of the Economic Crisis written by Fred Magdoff and published by NYU Press. This book was released on 2009-09 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic crisis has created a host of problems for working people: collapsing wages, lost jobs, ruined pensions, and the anxiety that comes with not knowing what tomorrow willbring. Compounding all this is a lack of reliable information that speaks to the realities of workers. Commentators and pundits seem more confused than anyone, and economists—the so-called "experts"—still cling to bankrupt ideologies that failed to predict the crisis and offer nothing to explain it. In this short, clear, and concise book, Fred Magdoff and Michael D. Yates explain the nature of the economic crisis. Contrary to conventional wisdom, the authors demonstrate that this crisis is not some aberration from a normally benign capitalism but rather the normal and even expected outcome of a thoroughly irrational and destructive system. No amount of tinkering with capitalism, whether it be discredited neoliberalism or the return of Keynesianism and a "new" New Deal, can overcome the core contradiction of the system: the daily exploitation and degradation of the majority of the world’s people by a tiny minority of business owners. While the current economic maelstrom has laid bare the web of greed, corruption, and propaganda that are central to capitalism, only an aroused public, demanding the right to health care, decent employment, a secure old age, and a clean and healthy environment, can lead the United States and the world out of the worst crisis since the Great Depression and toward a system of production and distribution conducive to human happiness. This book is aimed primarily at working people, students, and activists, who want not just to understand the world but to change it.

Imperialism and the development myth

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Publisher : Manchester University Press
ISBN 13 : 1526159007
Total Pages : 277 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Imperialism and the development myth by : Sam King

Download or read book Imperialism and the development myth written by Sam King and published by Manchester University Press. This book was released on 2021-09-07 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and other Third World societies cannot 'catch up' with the rich countries. The contemporary world system is permanently dominated by a small group of rich countries who maintain a vice-like grip over the key parts of the labour process – over the most technologically sophisticated and complex labour. Globalisation of production since the 1980s means much more of the world’s work is now carried out in the poor countries, yet it is the rich, imperialist countries – through their domination of the labour process – that monopolise most of the benefits. Income levels in the First World remain five and ten times higher than Third World countries. The huge gulf between rich and poor worlds is getting bigger not smaller. Under capitalist imperialism, it is permanent. China has moved from being one of the poorest societies to a level now similar with other relatively developed Third World societies – like Mexico and Brazil. The dominant idea that it somehow threatens to ‘catch up’ economically, or overtake the rich countries paves the way for imperialist military and economic aggression against China. King’s meticulous study punctures the rising-China myth. His empirical and theoretical analysis shows that, as long as the world economy continues to be run for private profit, it can no longer produce new imperialist powers. Rather it will continue to reproduce the monopoly of the same rich countries generation after generation. The giant social divide between rich and poor countries cannot be overcome.

Monopoly Capital Theory

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Publisher : Praeger
ISBN 13 : 0313274029
Total Pages : 0 pages
Book Rating : 4.3/5 (132 download)

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Book Synopsis Monopoly Capital Theory by : Jonas Zoninsein

Download or read book Monopoly Capital Theory written by Jonas Zoninsein and published by Praeger. This book was released on 1990-07-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his pioneering work Finance Capital, originally published in 1910, Rudolf Hilferding developed and examined the concept and economic policy of finance capital, developing Marx's analysis of the processes of concentration and centralization of capital and the roles of competition and credit within these processes. This book provides a critical examination of the theory of finance capital by focusing on the concepts of competition, credit, and economic crises. Jonas Zoninsein concentrates on the theory of monopoly capital, which has its roots in Hilferding's work, presenting a critique of this economic principle that plays an outstanding role in current explanations of how the capitalist mode of production operates in the twentieth century. Although finance capital and monopoly capital are the underlying concepts that explain capitalism today, Hilferding's sources in detailing his theory were basically the characteristics of Germany's late industrialization. His analytical effort was chiefly oriented toward formulating general theoretical principles about the working of capitalism. In this critical study, Zoninsein analyzes Hilferding's central elements--competition, credit, capital accumulation, and crises--and 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. The volume also includes a selected bibliography of relevant works. For courses in political economy, Marxist theory, and monopoly capitalism, this study will be a excellent resource, and both public and academic libraries will find it to be a valuable addition to their collections.

The Endless Crisis

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Publisher : Monthly Review Press
ISBN 13 : 1583676791
Total Pages : 239 pages
Book Rating : 4.5/5 (836 download)

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Book Synopsis The Endless Crisis by : John Bellamy Foster

Download or read book The Endless Crisis written by John Bellamy Foster and published by Monthly Review Press. This book was released on 2017-05-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.

Theory of Capital Development

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Publisher : NYU Press
ISBN 13 : 085345079X
Total Pages : 413 pages
Book Rating : 4.8/5 (534 download)

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Book Synopsis Theory of Capital Development by : Paul M. Sweezy

Download or read book Theory of Capital Development written by Paul M. Sweezy and published by NYU Press. This book was released on 1964 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its first publication in 1942, this book has become the classic analytical study of Marxist economics. Written by an economist who was a master of modern academic theory as well as Marxist literature, it has been recognized as the ideal textbook in its subject. Comprehensive, lucid, authoritative, it has not been challenged or even approached by any later study.

Capitalism, Power and Innovation

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Publisher : Routledge
ISBN 13 : 1000368750
Total Pages : 279 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Capitalism, Power and Innovation by : Cecilia Rikap

Download or read book Capitalism, Power and Innovation written by Cecilia Rikap and published by Routledge. This book was released on 2021-03-29 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: In contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies. The book’s unique perspective focuses on how private ownership and control of knowledge and data have become a major source of rent and power. The author explains how at the one pole, these corporations concentrate income, property and power in the United States, China, and in a handful of intellectual monopolies, particularly from digital and pharmaceutical industries, while at the other pole developing countries are left further behind. The book includes detailed empirical mappings of how intellectual monopolies develop and transform knowledge from universities and open-source collaborations into intangible assets. The result is a strategy that combines undermining the commons through privatization with harvesting from the same commons. The book ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired changes require democratic mobilization of workers and citizens at large. This book represents one of the first attempts to capture the contours of an emerging new era where old perspectives lead us astray, and the old policy toolbox is hopelessly inadequate. This is true for the idea that the best, or only, way to promote innovation is to transform knowledge into private property. It is also true for anti-trust policies focusing exclusively on consumer prices. The formation of global infrastructures that lead to natural monopolies calls for public rather than private ownership. Scholars and professionals from the social sciences and humanities (in particular economics, sociology, political science, geography, educational science and science and technology studies) will enjoy a clear and all-embracing depiction of innovation dynamics in contemporary capitalism, with a particular focus on asymmetries between actors, regions and topics. In fact, its topical issue broadens the book’s scope to those curious about how innovation networks shape our world.

In Defense of Monopoly

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Author :
Publisher : University of Michigan Press
ISBN 13 : 0472126288
Total Pages : 629 pages
Book Rating : 4.4/5 (721 download)

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Book Synopsis In Defense of Monopoly by : Richard B. McKenzie

Download or read book In Defense of Monopoly written by Richard B. McKenzie and published by University of Michigan Press. This book was released on 2019-02-28 with total page 629 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.