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:
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
—Mario Puzo (b. 1920)
“Industry has operated against the artisan in favor of the idler, and also in favor of capital and against labor. Any mechanical invention whatsoever has been more harmful to humanity than a century of war.”
—Rémy De Gourmont (1858–1915)