The Surplus in Monopoly Capitalism and the Imperialist Rent
Bibliographic Data
| ID | 22744324 |
|---|---|
| Authors | Samir Amin (0000-0002-6322-7208, corresponding author) |
| Year | 2012 |
| Volume | 64 |
| Issue | 3 |
| Pages | 78 |
| Publication date | 2012-07-05 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Monthly Review (JOURNAL) |
| Journal identifiers | ISSN: 0027-0520 • E-ISSN: 0027-0520 |
| Publisher | Monthly Review Foundation (PUBLISHER) |
| DOI | 10.14452/mr-064-03-2012-07_5 |
| OpenAlex | W2003070677 |
| Language | EN |
| Citations received | 5 |
Paul Baran and Paul Sweezy dared, and were able, to continue the work begun by Marx. Starting from the observation that capitalism’s inherent tendency was to allow increases in the value of labor power (wages) only at a rate lower than the rate of increase in the productivity of social labor, they deduced that the disequilibrium resulting from this distortion would lead to stagnation absent systematic organization of ways to absorb the excess profits stemming from that tendency.... This observation was the starting point for the definition that they gave to the new concept of ’surplus.”... I have always considered this bold stroke as a crucial contribution to the creative utilization of Marx’s thought.... but [Baran and Sweezy] refused to stop, like so many other Marxists, at the exegesis of his writings.... Having, for my part, completely accepted this crucial contribution from Baran and Sweezy, I would like, in this modest offering for the special issue that Monthly Review is devoting to honoring their work, to put forward a ’quantitative metric” of that surplus.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
Capitalism · Classical economics · Economics · Keynesian economics · Macroeconomics · Market economy · Monopoly · Neoclassical economics · Political science · Politics · Power (physics) · Productivity · Profit (economics) · Rate of profit · Surplus value · Value (mathematics) · Economic Theory and Policy · Law · Mathematics · Political Economy and Marxism
| Citations per year | 0.42 |
|---|---|
| Citation span | 2014 - 2026 (13) |
| Highly cited | No |