Monopoly Capital

About “Monopoly Capital”

Monopoly Capital: An Essay on the American Economic and Social Order is a 1966 book by Marxian economists Paul Sweezy and Paul A. Baran. Published by Monthly Review Press, it introduced a new perspective on economic theory by focusing on monopolistic corporations rather than competitive markets. The book was influential in shaping the intellectual framework of the New Left during the 1960s and 1970s. It was praised for being the first serious attempt to apply Marx’s theories to monopoly capitalism. The work gained renewed interest after the Great Recession.