Monthly Review - Revision history

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2023-07-06T04:56:06Z

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← Older revision		Revision as of 04:56, 6 July 2023
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	{{DISPLAYTITLE:''Monthly Review''}}		{{DISPLAYTITLE:''Monthly Review''}}

	'''''Monthly Review''''' ('''''MR''''') is a [[Socialism\|socialist]] political magazine founded in 1949. Its current editor is [[John Bellamy Foster]]. The economic analysis put out by the founding editors of the magazine is loosely referred to as "The Monthly Review School."<ref>{{Web citation\|author=Sam Williams\|newspaper=A Critique of Crisis Theory\|title=The Monthly Review School\|date=2010-02-28\|url=https://critiqueofcrisistheory.wordpress.com/responses-to-readers-austrian-economics-versus-marxism/the-monthly-review-school/\|retrieved=2023-07-05}}</ref><ref>{{Web citation\|author=Michael Roberts\|newspaper=The Next Recession\|title=John Bellamy Foster and Permanent Stagnation\|date=2016-06-25\|url=https://thenextrecession.wordpress.com/2016/07/05/john-bellamy-foster-and-permanent-stagnation/\|retrieved=2023-07-05\|quote=As I understand it, the Monthly Review school reckons that ‘competitive’ capitalism in the 19th century eventually morphed into ‘monopoly capitalism’.}}</ref> The classic exposition of this "school" of economics is laid out in the book, ''Monopoly Capital'' by magazine founders [[Paul A. Baran]] and [[Paul M. Sweezy]]. The book details a new stage of capitalism where the competitive markets analyzed by [[Karl Marx]] have given way to "monopoly capitalism," where competition loses its significance in driving capitalist development and crisis. This new stage is characterized by a "permanent stagnation" only given new life by sporadic innovations in technology.<ref>{{Web citation\|author=John Bellamy Foster\|newspaper=Monthly Review\|title=The Theory of Monopoly Capitalism store page\|date=2014-04\|url=https://monthlyreview.org/product/theory_of_monopoly_capitalism/\|retrieved=2023-07-05}}</ref>		'''''Monthly Review''''' ('''''MR''''') is a [[Socialism\|socialist]] political magazine founded in 1949. Its current editor is [[John Bellamy Foster]]. The economic analysis put out by the founding editors of the magazine is loosely referred to as "The Monthly Review School."<ref>{{Web citation\|author=Sam Williams\|newspaper=A Critique of Crisis Theory\|title=The Monthly Review School\|date=2010-02-28\|url=https://critiqueofcrisistheory.wordpress.com/responses-to-readers-austrian-economics-versus-marxism/the-monthly-review-school/\|retrieved=2023-07-05}}</ref><ref>{{Web citation\|author=Michael Roberts\|newspaper=The Next Recession\|title=John Bellamy Foster and Permanent Stagnation\|date=2016-06-25\|url=https://thenextrecession.wordpress.com/2016/07/05/john-bellamy-foster-and-permanent-stagnation/\|retrieved=2023-07-05\|quote=As I understand it, the Monthly Review school reckons that ‘competitive’ capitalism in the 19th century eventually morphed into ‘monopoly capitalism’.}}</ref> The classic exposition of this "school" of economics is laid out in the book, ''Monopoly Capital'' by magazine founders [[Paul A. Baran]] and [[Paul Sweezy\|Paul M. Sweezy]]. The book details a new stage of capitalism where the competitive markets analyzed by [[Karl Marx]] have given way to "monopoly capitalism," where competition loses its significance in driving capitalist development and crisis. This new stage is characterized by a "permanent stagnation" only given new life by sporadic innovations in technology.<ref>{{Web citation\|author=John Bellamy Foster\|newspaper=Monthly Review\|title=The Theory of Monopoly Capitalism store page\|date=2014-04\|url=https://monthlyreview.org/product/theory_of_monopoly_capitalism/\|retrieved=2023-07-05}}</ref>

	In their book, Baran and Sweezy seek to "correct" Marx's assumptions about the [[Tendency of the rate of profit to fall\|falling rate of profit]] and they erase [[Surplus-value\|surplus value]] from their work in favor of the concept of an "economic surplus."<ref>{{Citation\|author=Victor Perlo\|year=1976\|title=The New Propaganda of Declining Profit Shares and Inadequate Investment\|title-url=https://journals.sagepub.com/doi/10.1177/048661347600800305\|section=Corrected Trends in the Shares of Capital and Labor\|page=61\|quote=It should be noted that Baran and Sweezy, who reject the term "surplus value," use Joseph Phillips' comprehensive, economy-wide calculation of the "economic surplus" rising from 46.9 per cent of the GNP in 1929 to 56.1 per cent in 1963.\|publisher=SAGE Publishing\|doi=10.1177/048661347600800305\|volume=8}}</ref>		In their book, Baran and Sweezy seek to "correct" Marx's assumptions about the [[Tendency of the rate of profit to fall\|falling rate of profit]] and they erase [[Surplus-value\|surplus value]] from their work in favor of the concept of an "economic surplus."<ref>{{Citation\|author=Victor Perlo\|year=1976\|title=The New Propaganda of Declining Profit Shares and Inadequate Investment\|title-url=https://journals.sagepub.com/doi/10.1177/048661347600800305\|section=Corrected Trends in the Shares of Capital and Labor\|page=61\|quote=It should be noted that Baran and Sweezy, who reject the term "surplus value," use Joseph Phillips' comprehensive, economy-wide calculation of the "economic surplus" rising from 46.9 per cent of the GNP in 1929 to 56.1 per cent in 1963.\|publisher=SAGE Publishing\|doi=10.1177/048661347600800305\|volume=8}}</ref>

BlueBodhisattva: Added some context and contentions between Monthly Review and other Marxist economists.

2023-07-06T03:56:51Z

Added some context and contentions between Monthly Review and other Marxist economists.

← Older revision		Revision as of 03:56, 6 July 2023
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	{{DISPLAYTITLE:''Monthly Review''}}		{{DISPLAYTITLE:''Monthly Review''}}

	'''''Monthly Review''''' ('''''MR''''') is a [[Socialism\|socialist]] political magazine founded in 1949. Its current editor is [[John Bellamy Foster]].		'''''Monthly Review''''' ('''''MR''''') is a [[Socialism\|socialist]] political magazine founded in 1949. Its current editor is [[John Bellamy Foster]]. The economic analysis put out by the founding editors of the magazine is loosely referred to as "The Monthly Review School."<ref>{{Web citation\|author=Sam Williams\|newspaper=A Critique of Crisis Theory\|title=The Monthly Review School\|date=2010-02-28\|url=https://critiqueofcrisistheory.wordpress.com/responses-to-readers-austrian-economics-versus-marxism/the-monthly-review-school/\|retrieved=2023-07-05}}</ref><ref>{{Web citation\|author=Michael Roberts\|newspaper=The Next Recession\|title=John Bellamy Foster and Permanent Stagnation\|date=2016-06-25\|url=https://thenextrecession.wordpress.com/2016/07/05/john-bellamy-foster-and-permanent-stagnation/\|retrieved=2023-07-05\|quote=As I understand it, the Monthly Review school reckons that ‘competitive’ capitalism in the 19th century eventually morphed into ‘monopoly capitalism’.}}</ref> The classic exposition of this "school" of economics is laid out in the book, ''Monopoly Capital'' by magazine founders [[Paul A. Baran]] and [[Paul M. Sweezy]]. The book details a new stage of capitalism where the competitive markets analyzed by [[Karl Marx]] have given way to "monopoly capitalism," where competition loses its significance in driving capitalist development and crisis. This new stage is characterized by a "permanent stagnation" only given new life by sporadic innovations in technology.<ref>{{Web citation\|author=John Bellamy Foster\|newspaper=Monthly Review\|title=The Theory of Monopoly Capitalism store page\|date=2014-04\|url=https://monthlyreview.org/product/theory_of_monopoly_capitalism/\|retrieved=2023-07-05}}</ref>

			In their book, Baran and Sweezy seek to "correct" Marx's assumptions about the [[Tendency of the rate of profit to fall\|falling rate of profit]] and they erase [[Surplus-value\|surplus value]] from their work in favor of the concept of an "economic surplus."<ref>{{Citation\|author=Victor Perlo\|year=1976\|title=The New Propaganda of Declining Profit Shares and Inadequate Investment\|title-url=https://journals.sagepub.com/doi/10.1177/048661347600800305\|section=Corrected Trends in the Shares of Capital and Labor\|page=61\|quote=It should be noted that Baran and Sweezy, who reject the term "surplus value," use Joseph Phillips' comprehensive, economy-wide calculation of the "economic surplus" rising from 46.9 per cent of the GNP in 1929 to 56.1 per cent in 1963.\|publisher=SAGE Publishing\|doi=10.1177/048661347600800305\|volume=8}}</ref>

	== History ==		== History ==
	''Monthly Review'' began publication in May 1949 in [[New York City]] and its first two editors were [[Paul M. Sweezy]] and [[Leo Huberman]]. Its first issue contained the article ''[[Library:Why Socialism?\|Why Socialism?]]'' by [[Albert Einstein]]. In 1952, ''MR'' released ''Hidden History of the Korean War'' by I. F. Stone.<ref>{{News citation\|newspaper=Monthly Review\|title=About Monthly Review\|url=https://monthlyreview.org/about/#today\|archive-url=https://web.archive.org/web/20220615121755/https://monthlyreview.org/about/\|archive-date=2022-06-15\|retrieved=2022-06-17}}</ref>		''Monthly Review'' began publication in May 1949 in [[New York City]] and its first two editors were Paul M. Sweezy and [[Leo Huberman]]. Its first issue contained the article ''[[Library:Why Socialism?\|Why Socialism?]]'' by [[Albert Einstein]]. In 1952, ''MR'' released ''Hidden History of the Korean War'' by I. F. Stone.<ref>{{News citation\|newspaper=Monthly Review\|title=About Monthly Review\|url=https://monthlyreview.org/about/#today\|archive-url=https://web.archive.org/web/20220615121755/https://monthlyreview.org/about/\|archive-date=2022-06-15\|retrieved=2022-06-17}}</ref>

	== References ==		== References ==
	[[Category:Socialist media outlets]]		[[Category:Socialist media outlets]]

Ledlecreeper27: Created.

2022-06-17T12:38:41Z

Created.

New page

{{DISPLAYTITLE:''Monthly Review''}}

'''''Monthly Review''''' ('''''MR''''') is a [[Socialism|socialist]] political magazine founded in 1949. Its current editor is [[John Bellamy Foster]].

== History ==
''Monthly Review'' began publication in May 1949 in [[New York City]] and its first two editors were [[Paul M. Sweezy]] and [[Leo Huberman]]. Its first issue contained the article ''[[Library:Why Socialism?|Why Socialism?]]'' by [[Albert Einstein]]. In 1952, ''MR'' released ''Hidden History of the Korean War'' by I. F. Stone.<ref>{{News citation|newspaper=Monthly Review|title=About Monthly Review|url=https://monthlyreview.org/about/#today|archive-url=https://web.archive.org/web/20220615121755/https://monthlyreview.org/about/|archive-date=2022-06-15|retrieved=2022-06-17}}</ref>

== References ==
[[Category:Socialist media outlets]]