Baran and sweezy monopoly-stagnation thesis statement
Monopoly Capital s importance thus lies in its contribution to a larger constellation of Marxian thought, tied to the radical struggles of our day. I began moving in that writing essay directions direction in The Political Economy of Growth : Most generally speaking, the unproductive share of a nations total economic effort consists of all labor resulting in the output of goods and services the demand for which is attributable to the. Sweezys own work was effective precisely because he avoided steamy excess and was content to let the analysis and the facts speak for themselves. The second letter by Paul Sweezy addresses John Maynard Keyness historic critique of Says Law, the import of which, Sweezy argued, was that it led to the issue of stagnation (or unemployment equilibrium the emphasis on which was Keyness main achievement. On the other hand, once this nut is properly cracked the opus is a cinch.
Most importantly, they extended Marxian political economy into a consideration of twentieth-century conditions. He added: Could it have anything to do with monopoly? A few opening and closing lines of the letters have been excluded as non-pertinent. Exactly the reverse attitude is represented by one of his eminent pupils, Rosa Luxemburg. The surplus value concept would give you wrong or rather irrelevant measurements. Up to this point, Keynes gets full credit for an historic achievement.
Joe armstrong thesis