Paul Marlor Sweezy

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Sweezy, Paul Marlor


Born Apr. 10, 1910, in New York City. American economist and journalist.

In 1931, Sweezy graduated from Harvard University, where he also received a Ph.D. in 1937. He taught economics and political economy at Harvard (1934–46), Cornell (1959–60), and Stanford (1961) universities and the New School for Social Research (1964). He is the founder and publisher of the magazine Monthly Review (since 1949), for which he regularly writes articles on current political-economic and historical-economic issues. In a number of works, Sweezy has set forth the principal propositions of the economic theory of K. Marx, so that in bourgeois circles he is regarded as a propagandist of Marxism. However, Sweezy is not a Marxist. For example, in Monopoly Capital (1966), coauthored with P. A. Baran, Sweezy, while stressing the parasitic, decaying character of present-day monopoly capitalism, at the same time propagandizes revisionist ideas of the transformation of bourgeois society, in which shifts of a socialist character supposedly occur.

As an adherent of the vulgar theory of “economic stagnation,” Sweezy has attributed the decline in the growth rate of the American economy to the achievement by the USA of economic “maturity,” which was inevitably followed by a period of “natural” stagnation. He defends the idea of active government intervention in the economy and the introduction of planning to overcome the economic contradictions of present-day capitalism.


Secular Stagnation: Postwar Economic Problems. New York, 1943.
Socialism. New York, 1949.
The Theory of Capitalist Development: Principles of Marxian Political Economy [2nd ed.]. New York, 1968.
The Present as History: Essays and Reviews on Capitalism and Socialism, 2nd ed. New York, 1970.
Modern Capitalism and Other Essays. New York, 1972.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Paul Marlor Sweezy was born April 10, 1910, in New York.
Paul Marlor Sweezy was born on April 10, 1910 in New York, the youngest of three sons of Everett P.