The World Bank: A Critical Analysis
A careful analysis of the Bank’s own policy papers and reports, which outlines its philosophy of development and the concrete effects of its projects. | more…
The Long Default: New York City and the Urban Fiscal Crisis
Classic study of the fiscal crisis that gripped New York City — and much of urban America — in the 1970s. | more…
Dynamics of Global Crisis
Preeminent theoreticians of the world economy set out their understanding of the long-term dynamics of global capitalism. | more…
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…