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Bureaucracy and the Labor Process: The Transformation of U.S. Industry, 1860–1920

Bureaucracy and the Labor Process: The Transformation of U.S. Industry, 1860–1920

This book makes the argument, supported by rich and extensive historical research into original sources, that it is possible to revolutionize work so that it can be, in the author’s words, “satisfying, creative, and stimulating at the same time that it is materially productive: we can have material abundance along with interesting work.” | more…

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

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

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…

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

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

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…

Monopoly Capital: An Essay on the American Economic and Social Order

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…

We, the People: The Drama of America

We, the People: The Drama of America

“The Drama of America” is truly to be found between the covers of this classic book—an exhilarating and often tragic account of a nation and the struggles of those caught up in the processes of its becoming, written by Monthly Review founding co-editor Leo Huberman. A precursor to Howard Zinn’s A People’s History of the United States, and, like that book, immensely popular upon its release, We, the People recasts U.S. history from the perspectives of those far removed from official power: the anonymous toilers so often ignored by conventional histories. These are the men, women, and children who cleared the land and worked its fields, built and inhabited the factories, moved goods along the railways and canals and highways, and raised the next generation of workers whose exploited labor would propel the nation’s development. | more…