Monopoly Capital

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. “This book... deals with a vital area of economics, has a unique approach, is stimulating and well written. It represents the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism.” — Howard J. Sherman, American Economic Review PREFACE CONTENTS INTRODUCTION THE GIANT CORPORATION THE TENDENCY OF SURPLUS TO RISE THE ABSORPTION OF SURPLUS: CAPITALISTS’ CONSUMPTION AND INVESTMENT THE ABSORPTION OF SURPLUS: THE SALES EFFORT THE ABSORPTION OF SURPLUS: CIVILIAN GOVERNMENT THE ABSORPTION OF SURPLUS: MILITARISM AND IMPERIALISM ON THE HISTORY OF MONOPOLY CAPITALISM MONOPOLY CAPITALISM AND RACE RELATIONS ON THE QUALITY OF MONOPOLY CAPITALIST SOCIETY THE IRRATIONAL SYSTEM APPENDIX AUTHOR INDEX SUBJECT INDEX