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The rich correspondence that preceded the publication of Monopoly
Capital Paul A. Baran and Paul M. Sweezy were two of the leading
Marxist economists of the twentieth century. Their seminal work,
Monopoly Capital: An Essay on the American Economic and Social
Order, published in 1966, two years after Baran's death, was in
many respects the culmination of fifteen years of correspondence
between the two, from 1949 to 1964. During those years, Baran, a
professor of economics at Stanford, and Sweezy, a former professor
of economics at Harvard, then co-editing Monthly Review in New York
City, were separated by three thousand miles. Their intellectual
collaboration required that they write letters to one another
frequently and, in the years closer to 1964, almost daily. Their
surviving correspondence consists of some one thousand letters. The
letters selected for this volume illuminate not only the
development of the political economy that was to form the basis of
Monopoly Capital, but also the historical context--the McCarthy
Era, the Cold War, the Cuban Missile Crisis--in which these
thinkers were forced to struggle. Not since Marx and Engels carried
on their epistolary correspondence has there has been a collection
of letters offering such a detailed look at the making of a
prescient critique of political economy--and at the historical
conditions from which that critique was formed.
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.
One of the most influential studies ever written in the field of
development economics, this book has, since first publication in
1957, bred a whole school of followers who are producing further
works along the lines indicated by Baran. Concerned with the
generation and use of economic surplus, it analyzes from this point
of view both the advanced and the underdeveloped countries. A work
in political economy rather than solely in economics, this book
treats the economic transformation of society as one facet of a
total social and political evolution.
These essays by the author of The Political Economy of Growth and
co-author of Monopoly Capital cover the working range of a strong
and original mind. They are as diverse as his well-known discussion
of Marxism and psychoanalysis, and his expert handling of the
politics and economics of development.
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