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Paul Marlor Sweezy (April 10, 1910 - February 27
2004) was a Marxian economist and a founding
editor of the magazine Monthly Review.

==Academic beginnings==

Sweezy was born in New York City, the son of a
bank executive. He attended Harvard
University|Harvard and was editor of The Harvard
Crimson, graduating in 1931.  He then spent a year
at the London School of Economics, where he was
first exposed to Marxian economic ideas. Returning
to Harvard, he received his doctorate in 1937,
after which he began teaching economics there. In
1942, he published The Theory of Capitalist
Development (ISBN 085345079X), a book which
summarized economic ideas of Marx and his
followers. It was the first book in English that
dealt with certain questions thoroughly such as
the transformation problem. From 1942 to 1945, he
worked for the research and analysis division of
the Office of Strategic Services.

==Founder of Monthly Review==

In 1949, he founded Monthly Review with Leo
Huberman. It was a socialist magazine founded in
the midst of the American Red Scare. In 1954, the
New Hampshire Attorney General subpoenaed Sweezy
and made inquiries into his political beliefs and
associations, demanding to know the names of his
political associates. Sweezy refused to comply,
citing his First Amendment right of freedom of
expression. He was cited for contempt of court,
but the US Supreme Court overturned that citation
in 1957.

==Monopoly Capital==

In 1966, Sweezy published Monopoly Capital (ISBN
0853450730) with Paul A. Baran|Paul Baran. The
book set forth the idea of stagnation theory, also
called secular stagnation. The main dilemma modern
capitalism would face, they argued, would be how
to sell the economic surpluses created by capital
accumulation.  Increases in marketing, defence
spending and various forms of debt would tend to
alleviate the falling rate of profit foreseen by
Marx. However, they believed that these remedies
to capital's difficulties were inherently limited
and that monopoly capital would tend toward
economic stagnation. This book is the cornerstone
of Sweezy's contribution to Marxian economics.

==External links==

*http://www.monthlyreview.org/paulsweezy.htm
Obituary (The Monthly Review)
*http://www.nytimes.com/2004/03/02/business/02SWEE
.html?ex=1079225155&ei=1 Obituary (The New York
Times)
*http://www.guardian.co.uk/usa/story/0%2C12271%2C1
161736%2C00.html Obituary (The Guardian)
*http://www.boston.com/news/globe/obituaries/artic
les/2004/03/03/paul_sweezy_93_marxist_economist_ha
rvard_teacher/ Paul Sweezy, 93; Marxist,
economist, Harvard teacher (The Boston Globe)
*http://www.thecrimson.com/printerfriendly.aspx?re
f=357985 Marxist Thinker, Former Prof. Dies (The
Harvard Crimson, 2004)
*http://www.counterpunch.org/pollin03062004.html
"Remembering Paul Sweezy" (by Robert Pollin, 
Counterpunch)

==References== 

* Foster, John Bellamy. Paul Sweezy & Monopoly
Capital (Pluto Press, Sterling, 2002). 

==Bibliography==

==References== 

* Foster, John Bellamy. Paul Sweezy & Monopoly
Capital (Pluto Press, Sterling, 2002). 

==Bibliography==

* Sweezy, Paul M. Monopoly and competition in the
English coal trade, 1550-1850 (Greenwood Press,
Westport, Conn., 1972, circa 1938). 
* Sweezy, Paul M. The theory of capitalist
development (D. Dobson, London, 1946.)
* Sweezy, Paul M. Socialism (McGraw-Hill Company,
NY, 1949). 
* Sweezy, Paul M. The present as history: Reviews
on capitalism & socialism. (1953, 1962). 
* Sweezy, Paul M. Modern capitalism and other
essays (Monthly Review Press,  1972).
* Sweezy, Paul M., et al. The transition from
feudalism to capitalism (NLB, 1976).  
* Sweezy, Paul M. Post-revolutionary society:
Essays (Monthly Review Press, 1980).
* Sweezy, Paul M. Four lectures on Marxism
(Monthly Review Press, 1981).
* Paul M. Sweezy, "The Limits of Imperialism."
Printed in Chilcote, Ronald H. (ed.) Imperialism:
Theoretical directions (Humanity Books, NY, 2000).


* Baran, Paul A. & Sweezy, Paul M. Monopoly
capital: An essay on the American economic and
social order (Monthly Review Press, 1966).
* Sweezy, Paul M. & Bettelheim, Charles. On the
transition to socialism (MRP, 1971).
* Braverman, Harry (fwd. by Paul Sweezy). Labor
and Monopoly Capital: The degradation of work in
the Twentieth Century. (Monthly Review Press,
1974).

* Sweezy, Paul & Huberman, L. (ed.) F.O.
Matthiessen, 1902-1950 (S.N., NY, 1950).
* Huberman, Leo & Sweezy, Paul M. Cuba: Anatomy of
a Revolution (MRP, 1960). 
* Huberman, L. & Sweezy, Paul (ed.) Regis Debray &
Latin Am. Revolu. (MRP, 1968).
* Huberman, Leo, Sweezy, Paul M. Socialism in Cuba
(Monthly Review Press, 1969). 
* Sweezy, Paul M. and Huberman, Leo. The Communist
manifesto after 100 years — new translation
by Paul M. Sweezy of Karl Marx's The Communist
Manifesto and Friedrich Engels' Principles of
Communism (Modern Reader, NY, 1964).  
* Sweezy, Paul M. and Huberman, Leo. Vietnam: the
endless war: from Monthly Review, 1954-1970
(Monthly Review Press, 1970). 

* Sweezy, Paul M. & Magdoff, Harry. The dynamics
of U.S. capitalism: Corporate structure,
inflation, credit, gold, and the dollar (Monthly
Review Press, 1972).
* Sweezy, Paul M. & Magdoff, H. (ed.) Revolu. &
counter-revolu. in Chile. (MRP, 1974) 
* Magdoff, H. & Sweezy, Paul M. The end of
prosperity (Monhtly Review Press, 1977).
* Magdoff, H. & Sweezy, Paul M. Deepening crisis
of U.S. Capitalism  (MRP, 1981.) 
* Magdoff, H. & Sweezy, Paul M. Stagnation and the
financial explosion (MRP, 1987). 
* Magdoff, H. & Sweezy, Paul M. The irreversible
crisis: Five essays (MRP, 1988).