Paul A Baran & Paul M Sweezy   Monopoly Capital

'Rerevisionist' reviews a UK Pelican paperback printed in 1968 

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Jewish economics after the 20th Century Wars were mostly over.   Another Jewish social science invasion.

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The preface of this book (my copy is a UK Pelican paperback) is dated Jan 1966, but it was written before that—almost exactly ten years' gestation period, wrote Sweezy, after Baran's claimed death. He added that 'factual material ... was gathered and used as needed but [with no] systematic attempt at updating.' It's an expanded essay, padded with items from the Jewish press, 'An essay on the American Economic and Social Order'. I must have been influenced: my old copy contains a clipping on a 'bumper wheat harvest'.
      The simple typography—this was before computer typesetting, which allows easy insertion of subtitles and the rest of it—gives a misleading appearance of smoothness. In fact, it's badly-written, as is usual in Jewish texts. So, is it worth reviewing this 60-year old book at all? I think it is, as a revisionist. For one thing, blacks in South Africa are talking of ‘white monopoly capital’ and I hope they can be set on the right path of awareness.

The cover design (see right) shows 'dollar assets of the ten largest American companies compared with gold and dollar reserves of selected countries for 1966.' Two different things being compared, in traditional Jewish style.

The author notes (left) on Sweezy (1910-2004) and Baran (1909-1964) were scanned from the paperback. To awakened people, they show wearyingly familiar aspects: Sweezy (or whatever his real name was) was a Jew in New York, presumably (I haven't tried to check) from a then-recent immigrant family from Europe or Russia. He was at the London School of Economics, then moved in the significant year of 1934 to Harvard. He worked in the then-new O.S.S.   In 1949 he's stated to have co-founded Monthly Review with Leo Huberman, no doubt with US money directed by Jews. Monthly Review still exists, at least online, calling itself 'AN INDEPENDENT SOCIALIST MAGAZINE'—yeah, right. Sweezy praised the 'Cuban Revolution'—Monopoly Capital is dedicated 'FOR CHE'—which I hope most of my readers will recognise as a phoney 'revolution' led by Jews of Spanish or Portuguese origin.
      Baran (or whatever his real name was) seems to have been born in the Ukraine, of Lithuanian Jew stock. It is unclear what he did up to the age of about 30 in 1939: possibly he was at The Plekhanov Institute of Economics in Moscow, which sounds like the LSE, and the New School of Social Research of the USA (in which Sweezy worked), though I'd guess Hebrew or Yiddish predominated. Perhaps he dodged military service, a common feature of Jews. Interestingly, Baran worked at the Federal Reserve for a bit.
      In short, Baran and Sweezy were analogous to the Jews of the New Deal and academics of The Culture of Critique in other 'disciplines' and activities. And they must have been fully aware of the parts played by Jews in the USSR and militarism around the world. It's not clear to me if they knew of famines and Slav killings, the Holocaust fraud, WW1 and the Treaty of Versailles, the nuclear frauds, and all the rest. The book was published in the USA just after the 1965 Hart-Cellar Immigration Act was signed into law by Lyndon Johnson, who appears to have been a full Jew, but I can find no explicit mention of it in Monopoly Capital.

At this point, I want to digress into Marxism, in particular the idea of 'surplus value'.   Monopoly Capital relies on this idea—well over half the book is based on it, and it appears throughout the rest. Although the book looks difficult—I recall years ago someone saying he might read it “When he had a spare year”—it pivots round 'surplus value', padded by other Jewish stuff.
      I'll use as a reference Bertrand Russell's book Freedom and Organization, first published 1934. It has a section on Socialism, with four of its six chapters on Marxism. (All his life, Russell thought that Marxism was 'socialist'; he was Jew-naïve). I pick him because he's a clear writer! This link is my preparation of Chapter XIX, Russell on surplus value, and I recommend a look. But Russell thought ‘dialectical materialism’ was more interesting, and more true. Here's Russell explaining it:–

It's amazing how people (me, in this case) can read stuff without noticing the point. The fog of harsh phrases obscures the obvious meaning. Marx belonged to rich Jewish families, who for very many centuries had been traders, dealers, shippers, wholesalers, and the rest of it, including rabbis ‘chosen by God’ and expecting to be supported financially. What could be more obvious to them than this:– wealth, production and distribution and exchange, is the basis of society, and what Jews work for, the basis of society, and is made up of classes—presumably meaning Jews and goyim—the latter being non-human scum. If that's all you live for, materialism must be right—what else could there be? And Hegel's philosophy said the Prussian state was the best that existed in the world so far; Jews may well have agreed, since they hated Rome, and since what's called Germany allowed Jews some liberties! Hallelujah!

      Back to Russell on surplus value. Again, note the attitudes of 'trader Marx'.
• (1) Marx uses 'value' as it seems to a trader: 'value' is what something can be exchanged for. The actual usability or function doesn't count; only what other people offer in exchange counts. Baran and Sweezy give all their estimates in dollars; it's so natural to Jews they don't even think of justifying it.
• (2) The ‘Labour Theory of Value’ is assumed to be true. For example, virgin land including possible ores is assumed to have zero value! Future costs, for example on maintaining buildings, repaying money, policing, seem to be shrugged off.
• (3) 'Value' is seen as a more or less meaningless abstraction, an attitude only possible to people with no idea of starvation, thirst, injury, homelessness. Joan Robinson in Economic Philosophy (published 1962, similar era to B & S) wrote ‘Value ... like all metaphysical concepts when you try to pin it down it turns out to be just a word.’ Just a word? That's what she said.
      I suppose being accustomed to comfort makes that claim—value is just a word—seem just about credible. Given the vast changes in human life over millennia it's hard to take it seriously, and hard to see how economics could ever have been treated as a science, since foods change, discoveries affect things, famines and disasters and mass killings and theft may happen, plans can go wrong or go well, predictions can drift, expectations may fail. Some stability seems essential in writing about economies, and Marx's long family history, including the bearded freak elements, must have led him to assume a patterned history as a fixed feature of life—except for Slavs, whites, shiksas, defaulters, litigants, and other goy disturbances.

Russell's chapter on Surplus Value has a simple example, from which surplus value turns out to be about half of the total value, in this case, a field of wheat. It's a childish example from Marx. Exams on accountancy could use it to show simple errors. And Russell cuts into it, but is more interested in showing Marx is weak than finding something correct. Probably Marx intentionally left errors, as he did in 'dialectical materialism', to confuse the plebs/goyim.

Marx wrote that the two figures marked with asterisks (*) were wages and surplus value. All this is not very meaningful, and is only a small part of the entire world. It's significant that empires played no part in Marx, despite Jewish funding of wars, the Americas, the slave and opium trades: even enthusiastic Marxists admit that Hobson's Imperialism (1902) had to be quoted by Lenin and other Jews. The best way to view Marx seems to be Miles Mathis's view—that Marx set out to destroy genuine workers' movements, by spreading confusion. (Probably peasants' revolts were quashed in similar ways.) While you're at it, look up Marx's wife, Jenny, too. [Note these files are on my site; https doesn't work on Mathis' site, and anyway I want to avoid the chance of his site vanishing.]

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Why ‘surplus value’ is such a worthless concept—and why Jews like it.   I'll try to spell this out clearly!
'Surplus value' is all finance in the control of Jews. It's the difference between total availability of money, less whatever minimum has to be paid to goyim. Naturally, this is liked by Jews, and introduces 'cognitive dissonance' (a Jewish phrase) in Jews. They, as usual, evade this dissonance by the usual verbal tricks typical of Jews.

All 'value' has legal and loan implications. If you're sitting in a house or business, it will probably be mortgaged—subject to payments, maybe for years. The people around are probably liable to future taxes. Some of the people may inherit, in due time. This sort of thing makes Phillips' simple table rather absurd.

The specifically Jewish issue is this: Jews control the Fed. So USA money is divided between Jews and 'goyim', and you can be sure Jews will favor themselves. Weaponry, housing, wars will favour Jews. And Jewish traditions will ensure they direct their money into bribes of Congress and Judges and Professors, and into forced immigration to dilute whites, and other variable issues: at one time male homosexuality was illegal, so Oscar Wilde and his friend Lord Alfred Douglas (who revealed the fact that Cromwell was bribed by Jews) could have their lives ruined. More recently, Jews support absurd sexual oddities, in the belief his helps Jews. Another issue is education: I've just read that Trump assigned a few million dollars to a Holocaust fraud, and this is just one example of control of education by Jews. Another is so-called 'busing' in the US, by which Jews have wrecked the education of vast numbers of whites—though Jews are permitted their own hostile systems.
      Jewish control of the 'Fed' allows them to conjure up huge amounts of fake money, which they so far have forced whites to repay under long-term loans. As a recent example, the Fed added $2 trillion between October 2019 to May 2020. (Figures from Miles Mathis). If the population is about 330M, with whites about 50%, and working age say 18-65 we have about 100 M whites, roughly expected to pay for the rest. The additional debt is is about $18,000 per head. (Check: $2 trillion = 2,000 billion = 2 million million. Divided by 110 million gives 2 million/100 = 2 x 10^6 / 1.1 x 10^2 = a bit less than 2 x 10^4. Most people get worried by this sort of thing). This is on top of the debt already there.
      In effect, the huge state sector is run by Jews to suit themselves, fanaticisms and killings and frauds.

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Let me say a few things on the specifically Marxist jargon in Baran and Sweezy's 1950s book. These phrases are not indexed; they are introduced without comment in the text. They may be translations of Yiddish or Hebrew expressions of the 'Kulak' type. The Chapter The Irrational System includes some of them.
• (1) False consciousness Example from B & S: ‘ ... the religious perception of the world is ... always ... false consciousness ... Christianity and other organized creeds have served to ... justify conquest... and inhumanity. And yet ... the Roman Catholic Church ... acted as the guardian of language, scholarship and thought in Europe's darkest centuries...’ — Seems to be a Jewish view where all Jews agree. (When there is demarcation, Jews are supposed to leave other subsets of Jews to their own devices: Jewish frauds in different countries for example I doubt would be included as examples of 'false consciousness'. But I doubt the phrase would apply to (for example) 'the Holocaust' even though that fraud is a good example of falsity! I think it has to be fairly obscure. In the case of Roman Catholicism, Jews started it anyway, so there's some tacit agreement that the victim of 'false consciousness' hasn't understood what happened.)
• (2) Fetishism seems to come from anthropology; worshipping or believing in the power of certain objects. Marxists use it to harm people who don't accept Jewish ideas on e.g. cruelty, Jewish laws, or Jewish power. Example: ‘Social reality is conceived ... in outlived, topsy-turvy, and fetishistic terms. Powerless to justify an ... inhuman social order and unable to answer the increasingly urgent questions which it pose, bourgeois ideology cling to ...stubborn upholding of old fetishes and half-truths which now turn into blatant lies. ...’
• (3) Contradiction Fascinating word, presumably translated directly from a Jewish idea. The assumption is that some process continued permanently will inevitably cause some disastrous conflict with another process. In each case, a rabbi, presumably, is entrusted to predict the final outcomes. If they get it wrong, simple Jews aren't supposed to object.
• (4) Communist Society (and socialism) seem exclusively to apply to a Jewish state, but run cryptically in case people notice. This would mean that all 'goyim' should be subordinated to Jews, or rather something more severe, 'goyim' viewed as worthless cattle. Unsurprisingly, the final phase of 'communism' is never described. But maybe this will change.
• (5) Capitalism remains astonishingly undefined. Like 'prejudice' and 'racism', it's expected people will believe it must be horrible. The problem is that Jews control money, especially now, with Jews able to print money more-or-less at will. Jews want their money not to be noticed. So 'capitalism' is supposed to mean people disliked by Jews trying to run businesses. Since the Rothschilds allegedly discovered how to lend to countries, and get repayments whatever happened, it is a serious matter. Paul Baran worked with the Fed some time between 1941 and 1949, and must have known all this.

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It's essential to understand the Jewish view of money. Not very many Jews, since the English 'Civil War' fought by Cromwell to introduce Jews into England, the central 'Bank of England', and poverty to most people, into Britain, Jews regarded money as their own preserve, an outlook spread by the British Empire, the US revolution, and the French Revolution. And other Jewish activities. Always Jews have a two-faced attitude to money. If you don't understand this, at least in outline, you're set up for a fall.
      See the graph (right) from Monopoly Capital. Note the word 'surplus' and the generally cheery suggestion. 'The estimates of total surplus ... as percentages of Gross National Product, have been running higher in recent years than ... before or immediately after the Second World War.' Note how the huge peak around WW2 is more or less ignored. This was the time when Jews in Russia were having deliveries of vast amounts of material from the USA, entire factories and I think 400,000 jeeps, for example. The way Jews controlled paper money after 1913 allowed them to claim wars as a boon, of course the Jewish view. In effect, whites were starved of money, and violent Jews stuffed with money For example: 'but the [First World] war did come—in the nick of time; and the picture changed from stagnation to boom'. The deliberate cutting down of credit caused the 'Great Depression'; I don't think anyone described what might have happened without Jewish control of American money. Then '... during the Second World War, unemployment was really wiped out for a few years. ... more than ten million men in the most productive age groups ere being mobilized into the armed forces... .' Jews wanted the Second World War, probably to kill off whites, and did not want creative work expanded in the USA or anywhere else. This full interpretation is relatively new, at least to me: see The 'Master Race' and the Second World War, and Difficult Questions on the Second World War.

The simple point here is that the Federal Reserve allowed Jews to print money, at low cost, and lend it to the government as though it was of some value. The government was controlled easily enough by the vast payments, bribes, financial frauds; just as Balfour in Britain, and Churchill later, were heads of vast systems of corruption. Including not just politicians but news media and academics and the press and publishing, legal systems, police, businesses, and hidden thugs.
      After the Second World War, inflation set in, Americans returned home (if they were lucky) to find good neighborhoods full of Jews. It was the task of the media and education to prevent people finding the truth about Jewish control of money. And the attempt was very successful. Baran and Sweezy were, in themselves, small-time Jewish propagandists—but there were many millions like them. Americans were under hopeless attack. Remember too that vast atrocities had been carried out by the Allies, and by the rather unspoken ally, Stalin, another Jew. In fact, the huge lie of the 'Holocaust' was invented. So were huge lies about nuclear power and weapons. Various international groups were set up by Jews, designed to sound good, but be bad. This was the start of the huge campaign to pretend there were no race differences between 'goyim'.
      The perennial Jewish desire for mass killings, plus the stupid viciousness of ordinary whites, extended into world-wide military bases and wars. It's not surprising that Jews felt on top of the world. But possibly—we do not know yet—the seeds were planted for future disaster for them.
      Important note on the 'Cold War': Jews, controlling the media and also controlling governments in the USA and USSR [=Russia and its empire), maintained the fiction that Marx was more-or-less banned in the West. In fact the social 'sciences' were heavily reliant on the sort of thing Jews such as Baran and Sweezy assumed almost instinctively. US studies were almost at the Jewish equivalent of Biblical studies. Non-Jews had little option but to go along with this, just as non-Jews in the BBC went along with endless rubbish.

 

Bits of Information, including scans, and lists of names in the index and the topics in the index. These may help to give some feel for the 1950s and 1960s.

Clumsy attempt—and this may be intentional—by Baran & Sweezy to model government spending changes. Note that Jewish finance is not considered, and the negligible cost of Federal Reserve money, an overwhelming benefit to Jews, is ignored. So is inflation, war dead, opportunities wasted, costs of repaying national debt.

Final table of US 'surplus values'. There are four similar tables before this one, of corporation profits, depreciation, rental income etc, from official figures of 'national income' plus estimates. Part of the point (last column) is to claim 'surplus values' tend to go up.   Can you spot the problems?  If not, see the critical sections on 'surplus value'

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FULL INDEX Baran & Sweezy AUTHOR INDEX

Adams, Walter, 74n
Adelman, M. A., 221n
Adler, Irving, 306n, 308n

Baran, Paul A., 19n, 21n, 25n
Barger, Harold, 365n
Bator, F. M., 149n, 153n, 154, 164n,174n
Bauman, Jacquelin, 106n
Bereiter, Carl, 315n
Berle, A. A., Jr, 32 3, 46
Beyer, Glen H., 293n
Boulding, K. E., 152n
Braden, Anne, 248
Bright, James R., 321n
Budd, Edward C., 357n
Burkhead, Jesse V., 356n
Burnham, James, 46, 189
Burns, Arthur R., 69, 70n
Burns, James MacGregor, 166n

Cairncross, A. K., 111
Cary, William L., 152n
Chamberlin, E. H., 64 5, 121 2, 127n
Cheskin, Louis, 125
Clark, Kenneth B., 301n
Compton, William H., 57n
Conant, James Bryant, 298n, 301n, 312, 321 3
Cook, Fred J., 210n, 283n
Cox, Oliver C., 178n, 206n, 246n, 258n
Cutler, Frederick, 113n, 196n

Day, Noel, 268 9
Dempsey, David, 45n
Denison, Edward F., 357
Dernburg, Thomas, 241n
Dingwall, Eric John, 343
Domar, Evsey, 89n, 361n, 363
Dreiser, Theodore, 45n
Duesenberry, James S., 27n, 69n, 77n

Earley, James, 36#0, 51, 59, 76
Eden, Philip, 228n
Eisner, Robert, 359 61
Elliott, Osborn, 49n
Engels, Friedrich, 18, 177n, 179n, 288n

Fabricant, Solomon, 361
Faulkner, H. U., 227
Fisher, Franklin M., 138 41
Fitch, James Marston, 289
Fleming, D. F., 185n, 187 8
Frazier, Franklin E., 266
Freedman, Mervín B., 315n
Freud. Sigmund, 338, 341, 342, 343
Fuller, J. G., 42n
Furtado, Celso, 215

Galbraith, J. K., 79, 82, 156n, 162
Gardner, John W., 297 8
Gilpatric, Roswell, 214n
Gleason, Gene, 283n
Golanskii, M., 361 3
Goodman, Paul, 332, 348
Gordon, R. A., 225
Gorham, William A., 311
Gottman, Jean, 295n
Graham, Robert E., Jr., 106n

Gray, Horace M., 74n
Greenewalt, Crawford H., 56n, 57n,58
Gregor, James A., 272n
Grilliches, Zvi, 138 41
Grwen, Victor, 295n
Grutzner, Charles, 285n

Hechinger, Fred M., 312n
Hamberg, Daniel, 134n, 148n
Handler, M. S., 256n
Hansen, A. H., 96, 98, 162n, 224, 233 4
Harrington, Michael, 278
Hartman, Chester, 288n
Hawley, Cameron, 43 4
Hazard, Leland, 45n
Heckscher, August, 297n
Hegel, G. W. F., 16
Hemdahl, Reuel, 283n
Henning, John F., 255
Higbee, Edward, 288n, 289n, 292n, 296n
Hilferding, Rudolf, 18 19
Hodgins, Eric, 134n
Hollingshead, August B., 163 4, 304 5
Houghton, NealD., 184n
Hwtchins, Robert Maynard, 307, 314, 319, 320

Isaacs, Harold R., 246n, 247n
Isaacs, Reginald R., 156n

Jacob, P. E., 319n
Jacobs, Jane,295n

Kaldor, Nicholas, 83 4
Kalecki, Michal, 66, 96, 115n
Kaplan, Norman, 363n
Kaysen, Carl, 34, 46, 57 8, 138 41
Keezer, Dexter M., 102n, 128n, 134 n
Kennan, George F., 184
Keynes, John Maynard, 65, 146
Kimpton, Lawrence A., 315
Knight, Edgar W., 316n
Kravis, Irving B., 151
Kretschmar, Robert S., 142n
Kuznets, Símon, 151, 217 18, 222n

Labini, Paolo Sylos, 104n, 149
Lazarus, Ralph, 300n
Lenin, V. I.i 17, 18, 19, 75
Lesansky, Helene T., 299n
Levinson, H. M., 86n
Lewis, Cleona, 111
Lìeberson, Stanley, 257n
Lieuwen, Edwin C., 203
Lilienthal, David E., 192n
Linklater, Eric, 308n
Lintner,John,48n,88n
Lynd, Albert, 308n
Logan, Rayford W., 247n
Logue, Edward J., 284 5

Malthus, Thomas Robert, 118
Marshall, Alfred, 64, 124, 125
Marx, Karl, 18 20, 20n, 23n, 2# 5, 25n, 53 4, 55, 73, 76, 98n, 117, 118, 119, 132n, 144, 357n, 173n, 177n, 178, 179n, 235, 258, 278, 280 1, 324, 325n, 329 31, 338
Mason, Edward S., 35
Masters, Dexter, 134
Mayer, Martin, 303n, 306n
Mazur, Paul, 128
Means, Gardiner C., 33 4, 46, 222n
Miller, Herman P., 253 4, 266n, 281n
Mills, C. Wright, 15, 29, 46, 131, 300
Morrison, Philip, 99n
Myrdal, Gunnar, 244 6, 248

Norris, Frank, 45n

Osborn,Fairfield,296n
Owen, Robert, 329

Packard, Vance, 132n, 134, 297n
Parker, William Riley, 313n
Phillips, Joseph D., 24, 355
Piel, Gerard, 212n
Pigou, A. C., 124, 125, 126 7
Pizer, Samwel, 113n, 196n
Porter, Sylvia, 99n
Potter, David M., 123n

Quinn, T. K., 60

Rackliffe, John, 12
Rapkin, Chester, 282n
Rathbone, M. J., 34n
Reeves, Rosser, 133
Rickover, H. G., 310n, 322n
Riesman, David, 335
Robinson, Joan, 64-5, 66n, 101
Rose, Arnold, 245
Rothschild, K. W., 129n

Samuelson, PaulA., 126n
Sanford, Nevitt, 312n, 315n
Santos, Eduardo, 203
Schlamm, William S., 185
Schluter, W. C., 226n, 227
Schuman, Frederick L., 185n, í89
Schumpeter, J. A., 54n, 60, 81 2, 9, 105, 180n, 224, 226, 233 4, 35
Scitovsky, Tibor, 63n, 122
Seligman, Daniel, 169
Sexton, Patricia Clayo, 301n., 302-5, 321 n
Simon, Herbert A., 35 6
Sismondi, Jean Charles L. de, 118
Slichter, Sumner, 210
Smith, Adam, 76, 78, 329
Smith, Mortimer, 315n
Smithies, Arthur, 234
Sombart, Werner, 119
Srole, Leo, 350n
Steindl, Josef, 66, 95, 103n, 222n, 224, 35
Stewart, John B., 367n
Strachey,John,85
Strand, Kenneth, 241n
Streever, Donald, 232 3, 236, 237
Sulzberger, Cyrus L., 204, 214
Sutherland, E. H., 42n
Sweezy, Paul M., 19n, 30n, 89n, 155n

Taeuber, Alma F. and Karl E., 256
Thorp, W. L., 225 6
Trace, A. S., Jr, 298, 309
Tugan Baranowsky, Michael, 89n
Turner, E. S., 123n

Van Alstyne, R. W., 160n, 181n
Veblen, Thorstein, 41, 51, 136, 152, 207 8, 311

Walcutt, Charles C., 308n
Walras, Léon, 64
Weber, Max, 28, 324n
Whyte, William H., Jr, 52, 169n, 283n
Wiesner, Jerome B., 213 14
Williams, Eric, 246n
Wood, Robert C., 160n
Wurster, Catherine Bauer, 291

Yntema, Theodore P., 367
York, Herbert F.. 213 14

FULL INDEX: Baran and Sweezy SUBJECT INDEX

Abrams, Frank, 43 5
Absentee Ownership and Business Enterprise in Recent Times (Thorstein Veblen), 136n
Accumulation of Capital, The (Joan Robinson), 101n
accumulation of capital, primary, 54 5,324
Acheson, Dean, 188 9
Administered Prices: Automobiles (Kefauver Subcommittee on Antitrust and Monopoly), 70n, 91n
Administered Prices: Steel (Kefauver Subcommittee on Antitrust and Monopoly), 70n, 85n
advertising, 120 35
'affect crippledness', 338
Albee, Edward, 338n
American Capitalism (J. K. Galbraith), 79n, 83n, 162n
American College, The; A Psychological and Social Interpretation of the Higher Learning (Nevitt Sanford, ed.), 312n, 315n, 319n
American Creed, 244 5, 305
American Dilemma, An (Gunnar Myrdal), 244
American empire, 182 3
American High School Today, The (James B. Conant), 295n, 312n, 322n
American Woman, The: A Historical Study (Eric John Dingwall), 343n
America's Capacity to Produce (E. G. Nourse and associates), 233n
America's Stake in International Investment (Cleona Lewis), l Iln
armed force, role under capitalism, 178 81
Arms and Politics in Latin America (Edwin C. Lieuwen), 202 3
Automation and Management (James R. Bright), 321n
automobile, as epoch making innovation, 216 17, 230 1; relation to suburbanization, 293 6
automobile model changes, costs of, 13841, 366 8
automobilization, 236, 239 40

Big Red Schoolhouse, The (Fred M. Hechinger), 312n
Black Bourgeoisie: The Rise of a New Middle Class in the United States (Franklin E. Frazier), 266n
'Bloody Monday', 248
bourgeois ideology,324 9
Bowles, Chester, 185
Brown, John, 260
Business Annals (Willard Thorp), 225n, 227
Business Cycles (J. A. Schumpeter), 224n, 226n, 234n
business cycles, timing of from 1890 1914, 224 6
Business Cycles and Economic Growth (James A. Duesenberry), 27n, 69n, 77n
Business Fluctuations (Robert A. Gordon), 225

capacity utilization, 232 3, 23# 9, 240,242
Capacity Utilization and Business Investment (Donald Streever), 232, 237
Capital (Marx), 18, 20n, 23n, 25n, 53n, 55n, 76n, 98n, 117n, 132n, 173n, 178n, 278, 281n, 324, 329n, 331n
Capital in the American Economy: Its Formation and Financing (Simon Kuznets), 217n
capitalism, international character of, 178; Marxian analysis of, 18 20. See also Monopoly Capitalism
Capitalism and American Leadership (Oliver C. Cox), 206n
Capitalism and Slavery (Eric Williams), 246n
Capitalism as a System (Oliver C. Cox), 178n
Capitalism, Socialism, and Democracy (J. A. Schumpeter), 54n, 60n, 81n, 82n, 100n, 144n, 181n
Cash McCall (Cameron Hawley), 41 5, 50
Caste, Class, and Race (Oliver C. Cox), 246n, 258n
Changing Values in College (P. E. Jacob), 319n
Civil War, 247
Civilization and Its Discontents (Sigmund Freud), 338n
class struggle, 22
Class Struggles in France, The: 1848 1850 (Marx), 157n
Cold War, 210, 214, 329
Cold War and Its Origins, The (D. F. Fleming), 185n, 187n
colonies, treatment of by Marx, 120n
Coming Defeat of Communism, The (James Burnham), 189
Communist Manifesto (Marx and Engels), 73n
communist society, 325n
company man, 43 5. See also Management
competition, basis of Marxian economic theory, 18; effect of innovations under, 100; non price forms of, 76 9
consumption, capitalists', 87 8; effect of advertising on, 131 2
Contemporary Capitalism (John Strachey), 85
corporate paradigm, 28 9
corporate policy, objectives of, 51, 58-61
corporations, profits of from foreign investments, 193, 197 8. See also Multi National Corporation and Soulful Corporation
costs, selling, 137 8; socially necessary, 135 41, 144; tendency to fall under monopoly capitalism, 76 80
counter revolution, U.S. commitment to, 204 5, 351 3
Critique of the Gotha Programme (Marx), 325n, 329
Cuban Revolution, significance of, 198 201

Das Finanzkapital (Rudolf Hilferding), 18
debt, mortgage, and consumer, 239-40
Decline of Competition, The, A Study of the Evolution of American Industry (Arthur M. Burns), 70n
Decline of Laissez Faire, The, 1897 1917 (H. V. Faulkner), 227n
defence spending, effects of, 207-11; limitations on, 211-13
demand, stimulation of, 115 16
democracy, bourgeois in the U.S., 157 61,327
depreciation, 105 10, 358 64
Der Bourgeois: Zur Geistesgeschichte der Modernen Wirtschaftsmenschen (Werner Sombart), 120n
Dethrick Report, 297, 298n
Development and Underdevelopment (Celso Furtado), 215n
Dilworth, Richardson, 341
Diminished Mind, The: A Study of Planned Mediocrity in Our Public Schools (Mortimer Smith), 316n
Discrimination, U.S.A. (Commission on Race and Housing), 256n
dividends, 47 8,88
division of labour, 329 3]
divorce, 276 7
Donner, Frederick, 368

Economic Philosophy (Joan Robinson), 66n
Economics of Welfare (A. C. Pigou), 124n, 127n
education, college and university, 311 20; elementary, 308 10; high school, 310 11; in the Soviet Union, 298, 309, 322n; outlays on, 298 300, 301
Education and Freedom (H. G. Rickover), 310n, 322n
Education and Income: Inequalities of Opportunities in Our Public Schools (Patricia Cayo Sexton), 301n, 302n, 303n, 305n, 321n
educational system, aims of, 297; and social inequality, 300 7
Eisenhower, Dwight, 208, 290
Elmtown's Youth: The Impact of Social Classes on Adolescents (August B. Hollingshead), 164n, 304n, 305n
empire, defined, 179 80. See also American Empire
epoch making innovations, effects of, 216 19
equivalent exchange, principle of, See 'quid pro quo'
Essays in the Theory of Economic Fluctuations (Michal Kalecki), 66n
Essays in the Theory of Economic Growth (Evsey Domar), 89n
Ethnic Patterns in American Cities (Stanley Lieberson), 257n
excess capacity. See Capacity Utilization
Exploding Metropolis, The (William H. Whyte, Jr, and others), 169n, 283n
external stimuli, major, 216 21

'Finance, Insurance, and Real Estate', as component of national income and absorber of surplus, 143 4
Fiscal Policy and Business Cycles (A. H. Hansen), 162n, 224n, 233n
Fitzgerald, D. A., 201n
Ford, Henry II, 42
foreign aid, economic, 201n; military, 201 5
foreign investment, 110 13, 194-200
foreign trade, interest of corporations in, 191, 196 8
Fourier, François Charles Marie, 329
1400 Governments (Robert C. Wood), 160n
Freedom, Education and the Fund [sic]: Essays and Addresses, 1946 1956 (Robert M. Hutchins), 319n, 320n
Fromm, Erich, 333
Fulbright, William J., 185
Full Recovery or Stagnation ?(A. H. Hansen), 96n, 224n, 233n

General Motors, 63, 70, 91, 368
General Theory of Employment, Interest and Money, The (J. M. Keynes), 65, 66
Gentlemen Conspirators, The (J. G. Fuller), 42n
ghettoization, degree of, 256 7. See also Negroes
Giant Business: Threat to Democracy (T. K. Quinn), 60n
Goals for Americans: The Report of the President's Commission on National Goals, 290n, 297n
Goheen, Robert F., 269
government spending, changing composition of, 153 5, 161 2; growth of under monopoly capitalism, 147; limits to increases of, 162 3; military, 176 7. See also Defence Spending
Great American Celebration, 15, 26, 279, 290
Great Depression, 17, 161 2, 230, 233 5, 261, 279
Growing Up Absurd (Paul Goodman), 332n, 348n

Higher Learning in America, The (Robert M. Hutchins), 308n, 311n, 320n
Higher Learning in America: A memorandum on the Conduct of Universities by Business Men (Thorstein Veblen), 312n
highways, government spending on,174 5
Home and Foreign Investment (A. K. Cairncross), 111n
Hoover, Herbert, 235, 280
Hoover, J. Edgar, 340n
housing, condition of in U.S., 281 5; and migration to suburbs, 291 3; prospects for, 289 91; public, 168 9, 286 9; and U.S. Census of 1960, 282
Housing, A Factual Analysis (Glen H. Beyer), 293n
Housing Question, The (Marx and Engels), 289n

immigrants, role of in U.S. economy, 248 50; and segregation in housing, 256 7
immigration, and quota system, 250
Imperialism: The Highest Stage of Capitalism (V. I. Lenin), 17n
Industry and Trade (Alfred Marshall), 124n
inequality. See Educational System
innovations. See Epoch Making Innovations
interest, 364
interest groups, 30 2
interpretation of sales and production, 135 42
investment, foreign. See Foreign Investment
investment outlets, endogenous, 95 6; and innovations, 97 110; and population growth, 96 7

Jim Crow, 247, 267
Johnson, Lyndon, 278, 280
Juggernaut: The Warfare State (Fred Cook), 210n
juvenile delinquency, 275 6

Kennedy, John F., 170
Kennedy, Robert F., 11
Korean War, 150, 151n, 176

Landis, Judson T., 344n
Laxdale Hall (Eric Linklater), 308n
leisure, character of under monopoly capitalism, 333 6
Lippmann, Walter, 185

management, behaviour and class position of, 46 7
Managerial Revolution, The (James Burnham), 46
Marshall Plan, 189
Maturity and Stagnation in American Capitalism (Josef Steindl), 66, 103n, 223n, 224n, 235
Men at the Top (Osborn Elliott), 49n
Midtown Manhattan Study, 350n
migration, from rural areas to cities, 249 50
military establishment, role of, 202 4
Miller, Arthur, 335
Miller, Henry, 338n
Mitchell, James P., 260
Modern Corporation and PrivaTe Property, The (A. A. Berle, Jr, and Gardiner Means), 33n
monopoly, effect of innovations under, 100 9; growth of, 221 2; treatment in Marxian theory, 17 20; usage of term, 20n
monopoly capitalism, future of, 349 53; lack of understanding of, 11 12; and military machine, 332; need for study of, 19 20; and planning, 63; and race relations, 244 73; relation to smaller business, 63; technological change under, 330 1. See also State Monopoly Capitalism
Monopoly in America: The Government as Promoter (Walter Adams and Horace M. Gray), 74n
monopoly price, 66 8
Monroe Doctrine, 182
'multi national corporation', 192 201
multiplier, balanced budget, 130, 147

National Product since 1869 (Simon Kuznets), 222n
Negro in American Life and Thought, the Nadir, 1877 1901, The (Rayford W. Logan), 247n
'Negro removal', 288
Negroes, and Africa, 273; black bourgeoisie, 266 8, 271; and Civil War, 247; and compromise of 1870s, 247; and co optation, 268 9; distribution of income among, 266; effect of technological trends on employment of, 260 2; employment in government of, 262 5; and ghetto housing, 256 7, 271 2, 282; and ghetto schools, 272; and income distribution, 266; migration of from Old South 248, 251 2; occupational statu# of, 253, 255; as pariah group, 259 60, and slavery, 246 7; and 'status hierarchy', 259 60; and tokenism, 265 70; and suicide rate, 275; and technological trends, 261 2; unemployment among, 255, 261; 'white' and 'Negro' jobs, 258; white superiority/Negro inferiority thesis, 246 7; urbanization of, 251 2, 288
New Deal, 160 2, 175 6, 234
New Forces in American Business (Dexter M. Keezer and others), 102n, 104n, 128n, 134n
New World of Negro Americans, The (Harold Isaacs), 246n
non white employment in government. See Negroes
non white unemployment. See Negroes
Norris, Senator G. W., 167
North Atlantic Treaty Organization, 189 90

obsolescence, built in, 134 5
oligopoly, 20n, 71
Oligopoly and Technical Progress (Paolo Sylos Labini), 104n, 149
Organization Man, The (William H. Whyte), 52n
Organizational Revolution, The (K. E. Boulding), 152n
Other America, The (Michael Harrington), 278

People of Plenty (David M. Potter), 123n
philanthropy, 55 8
Pit, The (Frank Norris), 45n
Political Economy of Growth, The (Paul A. Baran), 19n, 21n, 25n
population growth, and investment, 96 7
poverty, defined, 281; in the 1950s, 280; under capitalism, 278 9; and urban renewal, 287 9; war on, 278, 280
Power Elite, The (C. Wright Mills), 30n, 46n, 300n
Present as History, The (Paul M. Sweezy), 30n
Pre War Business Cycle, The, 1907 1914 (W. C. Schluter), 226n
price competition, continued existence of, 72 3; taboo against, 68
price leadership, 69 70
prices, regulation of under monopoly capitalism, 73 4
Principles of a Growing Economy (Daniel Hamberg), 148n
Problems of United States Economic Development (Committee for Economic Development), 156n
profit maximization, 33 40, 51, 53,142
profitability schedules, 91 5
profits, from defence contracts, 207
Project Talent, 311
Proxmire, Senator William, 209
Pursuit of Excellence, The: Education and the Future of America (Rockefeller Brothers Fund, Inc.), 321n

Quackery in the Public Schools (Albert Lynd), 308n
Question of Government Spending, The (Francis Bator), 149n, 164n, 174n
quid pro quo, principle of in bourgeois ideology, 324 6

race prejudice, nature of, 246 7, 258 60. See also Negroes
race relations, and monopoly
capitalism, 244 73. See also Negroes
railway, as epoch making innovation, 216
railway epoch, 223
Reality in Advertising (Rosser Reeves), 133n
Reich, Wilhelm, 343
rent, 364
Research and Development, 98, 109 10,134
Ricardo, David, 118
Rich Man, Poor Man (Herman Miller), 281n
Rising American Empire, The (R. W. Van Alstyne), 160n, 181n
Rockefeller interest group, 31 2
Roosevelt, Franklin D., 280
Rusk, Dean, 168n
Russell, Senator Richard, 209 10

saving, effect of advertising on, 131 2
school integration, effects of, 272
Schools, The (Martin Mayer), 303n, 306n
schools, private, 300; social function of, 300
Selected Correspondence (Marx and Engels), 177n, 179n
Sharp, Morrison, 60n
Shocking History of Advertising, The (E. S. Turner), 123n
'situations of strength', 188 9, 190
slum clearance. See Urban Renewal
slums, 2824
Slums and Suburbs: A Commentary on Schools in Metropolitan Areas (James B. Conant), 301n, 323n
socialism, 261n, 296n, 325, 328, 331, 351, 352
'soulful corporation', 34, 57
South Vietnam, 184, 202
Southeast Asia Treaty Organization, 190
Soviet Finnish War, 184
Squeeze, The: Cities Without Space (Edward Higbee), 288n, 289n, 292n, 296n

Standard Oil Company, 31 3; world wide scope of, 192 5, 198 9
stagnation, 224, 230, 236 9
Standards We Raise, The (Paul Mazur), 128n
state monopoly capitalism, 75
State and Revolution (V. I. Lenin), 75
Status Seekers, The (Vance Packard), 297n
steam engine, as epoch making innovation,216 17
Studies in Economic Dynamics (Michal Kalecki), 66n
subsistence minimum, 281
suburbia, 291 6
suburbanization. See Automobilization, Suburbia
suicide, 275
surplus, contrasted with surplus value, 24; definition of, 23; government absorption of, 150 1, 155; measurement of, 23; modes of utilization of, 117 19; tendency to rise under monopoly capitalism, 80 1, 92
surplus value. See Surplus

teachers, salaries of, 299
Tennessee Valley Authority (TVA), 167 8
Theories of Surplus Value (Marx), 23n
Theory of Business Enterprise, The (Thorstein Veblen), 41n, 51n, 208n
Theory of Capitalist Development, The (Paul M. Sweezy), 19n, 89n
Theory of Economic Dynamics (Michal Kalecki), 66n, 96n, 115n
Theory of Monopolistic Competition, The (Edward Chamberlin), 122n, 127n
'theory of vanishing investment opportunity', 233 4
tokenism,265 70,271
Tomorrow's Illiterates: The State of Reading Instruction Today (Charles C. Walcutt), 308n
transportation, urban and suburban,293 6
Truman Harry S., 184n, 187
Truman doctrine, [NB: cp. 'Monroe doctrine' - RW] 187 8, 189
20th Century Capitalist Revolution, The (A. A. Berle, Jr), 46
tycoons, 40 3

Uncommon Man, The: The Individual in the Organization (Crawford H. Greenewalt), 56n, 57n, 59n
unemployment, 227 30, 232, 236 8, 240 3, 250, 278 9; white vs. non white, 255 6, 261
unincorporated business, income of, 356 7
United States Steel Co., 70, 92 4
Urban Renewal (Reuel Hemdahl), 283n
urban renewal, 169, 286 90. See also Housing

Wall Between, The (Anne Braden), 248n
war on poverty. See Poverty
wars and their aftermaths, as major external stimuli, 219 21, 230
waste, as component of economic surplus, 365 6
Waste Makers, The (Vance Packard), 132n, 134n, 135n
We Can Have Better Schools (Ralph Lazarus), 300n
Wealth of Nations, The (Adam Smith), 76n
Welfare and Competition: The Economics of a Fully Employed Economy (Tibor Scitovsky), 63n, 122n
What Ivan Knows That Johnny Doesn't (A. S. Trace, Jr), 298n, 309n, 310n
What We Want of Our Schools; Plain Talk on Education from Theory to Budgets (Irving Adler), 306n, 308n
Where Shall We Live? (Report of the Commission on Race and Housing, Berkeley), 256n, 257n
White Collar Crime (E. H. Sutherland), 42n
Why People Buy (Louis Cheskin), 125n
Williams, Tennessee, 338n
Wirtz, Willard, 261

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HTML, research, scanning, styling, Rae West - first upload 31 May 2020