Monopoly Capital
Monopoly Capital: An Essay on the American Economic and Social Order is an essay from 1966 by Paul Sweezy and Paul A. Baran. It made a major contribution to Marxist theory by shifting attention from the assumption of a competitive economy to monopolistic aspects of giant corporations that dominate market life.
Read more about Monopoly Capital: Argument
Famous quotes containing the words monopoly and/or capital:
“Unless you become more watchful in your states and check the spirit of monopoly and thirst for exclusive privileges you will in the end find that ... the control over your dearest interests has passed into the hands of these corporations.”
—Andrew Jackson (1767–1845)
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
—Abraham Lincoln (1809–1865)