This landmark text by Paul Baran and Paul Sweezy is a classic of

twentieth-century radical thought, a hugely influential book that

continues to shape our understanding of modern capitalism. “This book…

deals with a vital area of economics, has a unique approach, is

stimulating and well written. It represents the first serious attempt to

 extend Marx’s model of competitive capitalism to the new conditions of

monopoly capitalism.” — Howard J. Sherman, American Economic Review