Friday October 31st, 2014, 8:57 am (EDT)

Paul M. Sweezy

The Triumph of Financial Capital

The announced subject of this conference is “New Trends in Turkey and the World.” I shall not try to say anything about new trends in Turkey, partly because of my ignorance but more importantly because Turkey is very much part of the world, and in this period the mother of all new trends is global in nature. To understand what is happening in any part of the world, one must start from what is happening in the whole world. Never has Hegel’s dictum “The Truth is in the Whole” been as true and relevant as it is today.… | more |

Economic History as it Happened (Vol V): The Irreversible Crisis

Economic History as it Happened (Vol V): The Irreversible Crisis

The Irreversible Crisis

The economies of the capitalist world-individually and as part of a closely knit global system-have been in an ongoing state of crisis since the early 1970s when the long post World War II boom finally came to an end. This crisis has gone through several phases but has not at any time shown signs of giving way to a renewed long wave of prosperity.… | more |

Economic History as it Happened, Vol IV

Economic History As It Happened (Vol IV): Stagnation and the Financial Explosion

Stagnation and the Financial Explosion

This is the fourth in the magisterial series of essays by the former editors of Monthly Review on the state of the U.S. economy and its relation to the global system. Like its predecessors, this volume focuses on the development of U.S. capitalism as it takes place, and covers the 1980s. The authors stress the profound contradictions of the underlying processes of capital accumulation and identify, before any other economic commentators, the immense implications of the use of the explosion of debt to attempt to solve the problems presented by the underlying stagnation in the real economy.… | more |

Four Lectures on Marxism

Four Lectures on Marxism

One of the 20th century’s foremost Marxian economists discusses the dialectical method, the contradictions of capitalism, and the future of Marxism.… | more |

Economic History As It Happened (Vol III)

Economic History As It Happened (Vol III): The Deepening Crisis of U.S. Capitalism

The Deepening Crisis of U.S. Capitalism

This is the third book of essays on the United States and the world economy produced by the fruitful collaboration of Monthly Review editors Paul M. Sweezy and Harry Magdoff. In these essays, written between 1977 and 1981, the authors assess the results of efforts taken to stabilize the economy after the epochal changes of the early 1970s, the end of capitalism’s “golden age,” by attempts to counteract the effects of inflation, debt dependence, speculation, and financial instability.… | more |

Economic History As It Happened

Economic History As It Happened (Vol II): The End of Prosperity

Economic History As It Happened: The End of Prosperity: The American Economy in the 1970s

This is the second in the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, set out as it took place the development of U.S. and global capitalism from the late 1960s to the “financial explosion” age of the early 1990s and after.… | more |

Economic History as it Happened

Economic History As It Happened (Vol I): The Dynamics of U.S. Capitalism

Corporate Structure, Inflation, Credit, Gold, and the Dollar

This is the first of the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, chronicled, as it was taking place, the development of U.S. and global capitalism from the end of its “golden age” in the late 1960s to the full onset of the financial explosion of the early 1990s and after.… | more |

Modern Capitalism and Other Essays

Modern Capitalism

Few contributions to the understanding of modern capitalism and its mode of operation and evolution have been more important than those made by Paul Sweezy. The essays in this volume continue and deepen his work of interpretation found in The Theory of Capitalist Development, Monopoly Capital, and The Present as History.… | more |

Introduction to Socialism

Introduction to Socialism

This introduction to socialist thought is by two men perhaps better qualified than any other Americans to have written it. Leo Huberman and Paul Sweezy, founding editors and publishers of the independent socialist magazine Monthly Review, built an impressive reputation as keen observers, acute analysts, and lucid writers on the world and domestic scenes. In this book, they present in clear and direct language the basic elements of the socialist critique of capitalist society.… | more |

Monopoly Capital

Monopoly Capital

An Essay on the American Economic and Social Order

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 … | more |

The Theory of Capitalist Development

The Theory of Capitalist Development

Since its first publication in 1942, this book has become the classic analytical study of Marxist economics. Written by an economist who is 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.… | more |

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