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![]() Cover of the 1967 edition | |
Authors | Paul Sweezy, Paul A. Baran |
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Language | English |
Subject | Monopoly |
Publisher | Monthly Review Press |
Publication date | 1966 |
Publication place | United States |
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This article is part of a series on |
Socialism in the United States |
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Part of a series about |
Imperialism studies |
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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 giant corporations that dominate the modern accumulation process. Their work played a leading role in the intellectual development of the New Left in the 1960s and 1970s. As a review in the American Economic Review stated, it represented "the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism."[1] It attracted renewed attention following the Great Recession.[2]