Australian Left Review
Article Title
Book Reviews
Abstract
The Dynamics of US Capatalism
Modern Capatalism
The two books under review are the latest by Sweezy and Magdoff and add to the rapidly expanding list of publications by Monthly Review Press. The two books are made up of essays taken mainly from the journal that Sweezy and Magdoff edit, Monthly Review, and the respective publication dates of the essays range from 1965 up to 1971. The time lapse between the essays does not detract from their effectiveness or their relevance. In fact, part of their interest lies in the fact that one is able to trace through them an evolution of Sweezy’s and Magdoff’s critique of US capitalism. However, they suffer from the problem of any collection of essays anchored to specific topic, namely repetition. Sweezy acknowledges this but felt that the overlapping was unavoidable.