| Author | Baran, Paul A. |
|---|---|
| Publisher | Penguin Books |

The Political Economy of Growth
This classic of contemporary Marxist economics provocatively tackles a problem crucial to all economists and social scientists – the conditions for economic progress. How, in short, does a society generate and utilize its economic surplus? From this viewpoint Professor Baran, one of the authors of Monopoly Capital, analyses the economic development of both advanced and developing countries and shows that neither can be understood unless their global interdependence is taken into account. Economic development has always entailed big changes in the social and political structure of society and Professor Baran explains the present turmoil in the world as the necessary accompaniment of processes as radical as the transition from feudalism to capitalism.
“I think there are few works of recent Marxist economics from which students can learn so well.”
— Professor Eric Hobsbawm
“This kind of scholarship and intelligence demands courage.”
—Herbert Marcuse
“I believe it is not necessary to give evidence of the admiration I felt for Compañero Baran, as well as for his work on underdevelopment, which was so constructive in our present and still weak state of economic knowledge.”
—Ernesto Che Guevara












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