Monopoly Capital at the Half-Century-Mark

The independent socialist magazine Monthly Review writes about Paul Baran and Paul Sweezy’s Monopoly Capital claiming it to be "the single most influential work in Marxian political economy to emerge in the United States". Assar Lindbeck, IFN and Stockholm University, is quoted: "In The Political Economy of the New Left (1971), a book that drew much attention in the early 1970s, orthodox Swedish economist Assar Lindbeck focused his criticism on Baran and Sweezy’s Monopoly Capital, claiming that a Keynesian welfare state could resolve the systemic contradictions that they described."