Monthly Review

Monthly Review is a magazine specializing in Educational topics.

Articles from Vol. 68, No. 3, July/August

Hydrocarbons and the Illusion of Sustainability
After fifty years, Paul Baran and Paul Sweezy's Monopoly Capital has stood the test of time. Not only did it provide a lucid description of midcentury American society, but Monopoly Capital established a framework for analyzing events to come.1 Baran...
Kalecki and Steindl in the Transition to Monopoly Capital
Paul Baran and Paul Sweezy's Monopoly Capital is a classic that has long outlived the conjuncture in American capitalism that it described. In a deep and scholarly way, its authors exposed the deep structure of that capitalism, which determined the dynamics...
Monopoly Capital at the Half-Century Mark
[Monopoly Capital/ 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, 19661A list of Marxist writers on political economy [since...
Monopoly Capital in the Classroom
When I was an undergraduate, one of my seminar topics was the socalled stagnation thesis of Alvin Hansen. In 1938, Hansen had written a book entitled Full Recovery or Stagnation?, in which he suggested that a number of long-run changes in the U.S. economy...
Monopoly Capital Then and Now
Monopoly Capital had an outstanding impact on students of my generation. It was published just as the Vietnam War was heating up, when students and youth throughout the world were beginning to "contest the structures"-to use a favorite expression of...
Multinational Corporations and the Globalization of Monopoly Capital: From the 1960s to the Present
In 1964, Paul Baran and Paul Sweezy wrote an essay entitled "Notes on the Theory of Imperialism" for a festschrift in honor of the sixty-fifth birthday of the great Polish Marxist economist Michal Kalecki. Later reprinted in Monthly Review in March 1966,...
Notes from the Editors
Please note that Monthly Review has moved to a new office. We are still on 29th Street, but at a different address: 134 West 29th Street, Suite 706, New York, NY 10001. Our phone number remains the same (212-691-2555), as does all our other contact information.Commenting...
Reading Capital, Reading Historical Capitalisms
1Marx's Capital presents a rigorous scientific analysis of the capitalist mode of production and capitalist society, and how they differ from earlier forms. Volume 1 delves into the heart of the problem. It directly clarifies the meaning of the generalization...
Surplus Absorption and Waste in Neoliberal Monopoly Capitalism
The question for monopoly capitalism is not whether to stimulate demand. It must, on pain of death.Monopoly Capital, p. IllThe central problem in advanced monopoly capitalism is not one of scarce resources clashing against innate, insatiable wants. Rather,...
The Profits of Financialization
The financialization of capitalism has been marked by the sustained rise of financial profits. In the United States, financial profits as a proportion of total profits rose enormously from the early 1980s to the early 2000s, collapsed during 2007-09,...
UK Monopoly Capitalism: Applying a North American Brand to Britain
During the past decade, persistent excess productive capacity, at levels exceeding at times 25 percent, has blighted the British economy, along with rates of unemployment not experienced for two decades, with the result that a substantial proportion...
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