Theory of Monopoly CapitalismWhile orthodox economics takes account of the preeminent role of the giant, monopolistic corporation under capitalism only in passing, John Bellamy Foster's new study belongs to a distinguished tradition in Marxian social science which sees the rise of concentrated capital as the fundamental aspect of accumulation in the twentieth century, accounting for the tendency toward economic stagnation, helping to explain the growth of militarism and imperialism, and complicating the problem of radical social transformation. |
Contents
Preface | 9 |
The Economic Surplus Concept | 24 |
Free Competition and Monopoly Capital | 51 |
Copyright | |
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actual Amin analysis argued argument Baran and Sweezy basic capacity utilization Capitalism New York capitalist Capitalist Development capitalist mode classical competition consumption contradiction corporate costs countries crisis critical definition economic surplus economists Economy of Growth excess capacity existing fact Faltering Economy firms Foster and Szlajfer Harry Magdoff Hence Henryk Szlajfer historical Ibid imperialism increase industry investment John Bellamy Foster Kalecki Keynesian law of value logic Marx Marx's Marxian Economics Marxian Theory Marxist Maturity and Stagnation ment Michal Kalecki monopolistic Monopoly Capital Monthly Review Press Neo-Marxism neoclassical output percent Political Economy potential surplus problem productive capacity profit rates radical rate of exploitation rate of profit rise social formation socialist Soviet spending Steindl structure surplus absorption Surplus and Surplus surplus product surplus value Sweezy's taxation tendency theoretical theorists Theory of Capitalist third world tion underconsumption underconsumptionist underdeveloped unemployment unproductive labor wages waste