Paul Sweezy: Marxist Economist On Capitalism And Underdevelopment
Paul M. Sweezy, a prominent Marxist economist, significantly contributed to the understanding of capitalist development and underdevelopment. His analysis of monopoly capitalism and the role of technological change in shaping the economy challenged traditional economic theories. Sweezy’s emphasis on the contradictions inherent in capitalism, such as the tendency for profits to fall, provided insights into…