The Theory of Capitalist Development: Principles of Marxian Political Economy

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Since its first publication in 1942, this book has become the classic analytical study of Marxist economics. Written by an economist who is a master of modern academic theory as well as Marxist literature, literature, it has been recognized as the ideal textbook in its subject. Comprehensive, lucid authoritative, it has not been challenged or even approached later study. As a work in political economy, this book begins with the simplest elements of Marx’s thought, his method, use of abstraction, and analysis of the commodity and of the relations between labor and capital, and concludes with the most complex categories of modern society: the historical tendencies of the capitalist system, corporations, international economy, fascism and imperialism.

ABOUT THE AUTHOR Paul M Sweezy

Paul M. Sweezy was born in New York City in 1910, educated at Exeter and Harvard, and after receiving his Ph.D. in 1937 went to the London School of economics, to Vienna, and to other places of the Continent for graduate study. He taught economics at Harvard until 1946. He is now co-editor, with Leo Huberman, of Monthly Review. Dr. Sweezy's books include Monopoly and Competition in the English Coal Trade, 1550-1850, Socialism, The Present as Hiostory, Cuba: Anatomy of a Revolution (with Leo Huberman), and Monopoly Capital (with Paul A. Baram).