Paul M. Sweezy

Paul M. Sweezy (New York, 1910-2004) was a co-founder and, for over half a century, co-editor of Monthly Review. At the basis of his theoretical thought there is a Marxian approach, open and creative, and an attention to high elaboration of the twentieth century – Hilferding and Veblen, Schumpeter a...

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Main Author: Cecchi, Amos
Format: Online
Language:Italian
Published: Firenze University Press 2022
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Online Access:ONIX_20220915_9788855185608_54
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author Cecchi, Amos
author_browse Cecchi, Amos
author_facet Cecchi, Amos
author_sort Cecchi, Amos
collection Directory of Open Access Books
description Paul M. Sweezy (New York, 1910-2004) was a co-founder and, for over half a century, co-editor of Monthly Review. At the basis of his theoretical thought there is a Marxian approach, open and creative, and an attention to high elaboration of the twentieth century – Hilferding and Veblen, Schumpeter and Keynes, Kalecki and Steindl. With The Theory of Capitalist Development (1942) and Monopoly Capital (1966, written with Baran), he was a reference point on a global level. Monopoly capitalism is marked by an organic tendency to stagnation. Antagonistic factors can, in some way, counteract it: waste, with induced consumption and armaments, epoch-making innovations and wars. In the Sweezian reflection of the last quarter of the twentieth century – also in dialogue with Minsky – the systemic trend is particularly counteracted by the large indebtedness and finance explosion. However, finance becoming autonomous and placing itself at the center of the system increases its instability and unsustainability and exposure to the crisis.
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publishDateRange 2022
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spelling doab-20.500.12854ir-924002025-08-13T13:42:34Z Paul M. Sweezy Cecchi, Amos Capitalism Monopoly Stagnation Finance thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy Paul M. Sweezy (New York, 1910-2004) was a co-founder and, for over half a century, co-editor of Monthly Review. At the basis of his theoretical thought there is a Marxian approach, open and creative, and an attention to high elaboration of the twentieth century – Hilferding and Veblen, Schumpeter and Keynes, Kalecki and Steindl. With The Theory of Capitalist Development (1942) and Monopoly Capital (1966, written with Baran), he was a reference point on a global level. Monopoly capitalism is marked by an organic tendency to stagnation. Antagonistic factors can, in some way, counteract it: waste, with induced consumption and armaments, epoch-making innovations and wars. In the Sweezian reflection of the last quarter of the twentieth century – also in dialogue with Minsky – the systemic trend is particularly counteracted by the large indebtedness and finance explosion. However, finance becoming autonomous and placing itself at the center of the system increases its instability and unsustainability and exposure to the crisis. 2022-09-22T04:18:52Z 2022-09-22T04:18:52Z 2022-09-15T20:14:49Z 2022 book ONIX_20220915_9788855185608_54 2704-5919 https://library.oapen.org/handle/20.500.12657/58408 9788855185608 9788855185592 9788855185615 9788855185622 https://directory.doabooks.org/handle/20.500.12854/92400 ita Studi e saggi open access image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/58408/1/9788855185608.pdf https://library.oapen.org/bitstream/20.500.12657/58408/1/9788855185608.pdf Firenze University Press 10.36253/978-88-5518-560-8 10.36253/978-88-5518-560-8 2ec4474d-93b1-4cfa-b313-9c6019b51b1a 9788855185608 9788855185592 9788855185615 9788855185622 282 Florence open access
spellingShingle Capitalism
Monopoly
Stagnation
Finance
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
Cecchi, Amos
Paul M. Sweezy
title Paul M. Sweezy
title_full Paul M. Sweezy
title_fullStr Paul M. Sweezy
title_full_unstemmed Paul M. Sweezy
title_short Paul M. Sweezy
title_sort paul m sweezy
topic Capitalism
Monopoly
Stagnation
Finance
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
topic_facet Capitalism
Monopoly
Stagnation
Finance
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCP Political economy
url ONIX_20220915_9788855185608_54
work_keys_str_mv AT cecchiamos paulmsweezy