ABSTRACT
The object of this chapter is to reassess Baran and Sweezy’s Monopoly Capital three decades after its original publication.1 For a time in the 1960s Monopoly Capital enjoyed the status of an economic Bible for the New Left, and was more widely read than Marx’s Capital. Today, however, the book is discussed infrequently. How, I wish to ask, have the arguments of Baran and Sweezy fared in the light of the subsequent empirical record, and how do they stand up to theoretical scrutiny? I begin with a brief account of how this work came to be written.
