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…
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…
Dependent Accumulation and Underdevelopment
Why, while Europe, North America, and Australia have developed, have Africa, much of Asia, and Latin America remained underdeveloped? Andre Gunder Frank sets out to answer this basic question by showing how world capital accumulation has led to the differentiation of these regions within the single world-embracing economic system. Unequal exchange between regions, combined with the differential transformation of productive, social, and political relations within regions, has led to the capitalist development of some areas and to the underdevelopment of others. | more…
Imperialism: From the Colonial Age to the Present
This volume contains a series of essays aimed at illuminating the theory, history, and roots of imperialism, which extend the analysis developed in Madgoff’s The Age of Imperialism 1978. See The Age of Imperialism | more…
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…
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…
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…
The End of Prosperity (Economic History As It Happened, Vol. II)
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…
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…
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…
Economic Theory of the Leisure Class
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
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…