Saturday October 25th, 2014, 3:00 pm (EDT)

Political Economy

Maturity and Stagnation in American Capitalism

Maturity and Stagnation in American Capitalism

Details a pattern of development and investment in the American economy that produces dimished growth and increased stagnation.… | more |

"I think your book on Christopher Columbus is important. I’m more grateful for that book than any other book I have read in the last couple of years."
—Kurt Vonnegut

Columbus: His Enterprise

Exploding the Myth

Most of us have been taught to think of Christopher Columbus as a single-minded, courageous visionary whose navigational skills led him to “discover” the Americas. In this beautifully written revisionist biography, accessible to people of all ages, Hans Koning gives us the true history of Columbus’ life and voyages.… | more |

The Debt Trap

The Debt Trap

The International Monetary Fund and the Third World

Details the history of the first thirty years of the system of aid and credit in which the IMF is the keystone.… | more |

Imperialism and World Economy

Imperialism and World Economy

Introduction by V.I. Lenin

Bukharin’s 1929 anticipation of the growth of the internationalization of capital.… | 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 |

The Last Phase in the Transformation of Capitalism

The Last Phase in the Transformation of Capitalism

This volume includes six essays, the first dating from 1935 and the last from 1967, by one of the outstanding economists of our time. The economics presented in this volume is political economy worthy of the name: a discipline that shows us the social relations, in particular the class and group conflicts, behind the economic quantitative relations.… | 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 |

The Economic Theory of the Leisure Class

Economic Theory of the Leisure Class

Introduction by Donald Harris

Bukharin completed this work in 1914; it represented an attempt to grapple with the Austrian School of political economy, as represented chiefly by Eugen von Böhm-Bawerk. Bukharin interprets the school as reflecting the social position of the rentier stratum of the capitalist class, which tends to view the economy from the point of view of consumption rather than production. His discussion, while it does not deal with the many changes and refinements of neoclassical economics, does contrast, in polemical form, Marxism with the fundamental premises of modern academic economics.… | more |

The Formation of the Economic Thought of Karl Marx

The Formation of the Economic Thought of Karl Marx

In this book, Mandel discusses the development of Marx’s economic ideas from their beginnings to the completion of the Grundrisse. He combines a historical retrospective and a review of current discussions on each of the subjects and problems central to Marxist economic theory. He traces the development of the concept of “alienation” in Marx, and its fate in the hands of succeeding generations, down to the present discussion in East and West Europe, summarizes the fascinating debates over the “Asiatic mode of production,” and discusses labor theory of value, the problem of periodic crises, the theory of wages and the polarization of wealth and poverty, and the problem of progressive “disalienation” through the building of socialist society.… | more |

Europe vs. America

Europe vs. America

Contradictions of Imperialism

The focus of this book is the emerging economic confrontation between European and U.S. capitalism at the end of the “golden age” of capitalism in the late 1960s. Ernest Mandel here paints a remarkably clear, comprehensive, and detailed portrait of trends at that critical period. Mandel moves with ease from the most general international problems to the specifics of corporate activity, and few developments in the business and economic worlds seem to have escaped his attention.… | more |

The Age of Imperialism

The Age of Imperialism

The Economics of U.S. Foreign Policy

Magdoff’s analysis is the foundation upon which the work of an entire tradition of Monthly Review authors rests.… | more |

Latin America: Underdevelopment or Revolution

Latin America: Underdevelopment or Revolution

Underdevelopment or Revolution

In his second book, Andre Gunder Frank expands on the theme presented in his influential study Capitalism and Underdevelopment in Latin America. It is the colonial structure of world capitalism, in his view, which produced and maintains the underdevelopment characteristic of Latin America and the rest of the Third World. This colonial structure penetrates everywhere in Latin America, forming and transforming all its features in obedience to its own imperatives and thereby imposing upon the region those characteristic features of poverty and backwardness which are not primarily the remnants of an ancient “feudal” past but the direct products of capitalism. This development of underdevelopment will persist, therefore, until the people of Latin America free themselves from world capitalism by means of revolution. The Cuban Revolution is thus viewed as the first effort in a continent-wide revolutionary process direct against both imperialism and the national bourgeoisie.… | more |

Theory of Economic Dynamics

Theory of Economic Dynamics

An Essay on Cyclical and Long-Run Changes in Capitalist Economy

In his Essays in the Theory of Business Cycle published in Polish in 1933, Kalecki clearly stated the principle of effective demand in mathematical form. By 1935 he outlined his theory of employment, demolished the then-orthodox remedy for a depression — that is, wage cutting — and pinpointed the importance of investment for economic dynamics.… | more |

Capitalism and Underdevelopment in Latin America

Capitalism and Underdevelopment in Latin America

Historical Studies of Chile and Brazil

The four essays in this book offer a sweeping reinterpretation of Latin American history as an aspect of the world-wide spread of capitalism in its commercial and industrial phases. Dr. Frank lays to rest the myth of Latin American feudalism, demonstrating in the process the impossibility of a bourgeois revolution in a part of the world which is already part and parcel of the capitalist system.… | 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 American Revolution: Pages from a Negro Worker's Notebook

The American Revolution: Pages from a Negro Worker's Notebook

Boggs offers both a keen analysis of U.S. society and a passionate call for revolutionary struggle. He sees the growing trend toward automation, the decline of organized labor, the expansion of imperialism, and the deepening of racial strife as fundamentally rooted in the contradictions of U.S. capitalism. And he concludes that the only way forward is a new American revolution—one that, from his perspective writing in the 1960s, appeared to have already begun.… | more |

An Essay on Economic Growth and Planning

An Essay on Economic Growth and Planning

This important essay dates from the end of the fifties. At that time, the rapid rate of Soviet industrialization had directed the attention of economists to problems of economic growth of former colonial areas which had won political independence. As Dobb points out, economists were chiefly concerned with the problems of growth under conditions of private ownership of capital and where investment is primarily under the control of private individuals or firms. The theories of economic growth in vogue at the time derived largely from the well-known growth conditions set forth by Roy F. Harrod and Evsey D. Domar.… | more |

The Political Economy of Growth

The Political Economy of Growth

One of the most influential studies ever written in the field of development economics, this book has, since first publication in 1957, bred a whole school of followers who are producing further works along the lines indicated by Baran. Concerned with the generation and use of economic surplus, it analyzes from this point of view both the advanced and the underdeveloped countries. A work in political economy rather than solely in economics, this book treats the economic transformation of society as one facet of a total social and political evolution. … | more |

Studies in the Labor Theory of Value

Studies in the Labor Theory of Value

This pioneering survey of the development of the “labor theory of value,” advances Marxian economic categories for contemporary conditions.… | 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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