MonthlyReviewSchool

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The Monthly Review School is a thinking on capital relations developed in the latter half of the 20th century by the community of economists, Marxists, social activists and founding editors of the independent socialist journal, The Monthly Review.

The "Monthly Review School" is typfied as a rejection of rational capitalism, and the characterization of capitalist crisis as the normal tendency of capitalism in its monopoly stage to develop economic stagnation from the inability to absorb the enormous surplus at its disposal. The only alternative is not capitalism, but some realization of planned socialism that emphasizes human need over capital accumalation. (Baran and Sweezy. Monopoly Capital. 1960.)

The above thinking is contrasted with KeynesianEconomics which characterizes capitalist crisis as a problem of inadequate demand existing in the economy requiring reforms that stabalize capitalism. (Keynes. The General Theory of Employment, Interest and Money. 1936.)

More information on the Monthly Review journal at:

http://www.monthlyreview.org/

See WikiPedia:Monthly_Review

MonthlyReviewSchool

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