Open Access Open Access  Restricted Access Subscription or Fee Access

Monopoly Capital: The Giant Corporation

Paul M. Sweezy, Paul A. Baran

Abstract


Scientific understanding proceeds by way of constructing and analyzing "models" of the segments or aspects of reality under study. The purpose of these models is not to give a mirror image of reality, not to include all its elements in their exact sizes and proportions, but rather to single out and make available for intensive investigation those elements which are decisive. We abstract from non-essentials the better to grasp the essentials, we blot out the unimportant to get an unobstructed view of the important, we magnify in order to improve the range and accuracy of our observation. A model is, and must be, unrealistic in the sense in which the word is most commonly used. Nevertheless, and in a sense paradoxically, if it is a good model it provides the key to understanding reality.

Keywords


Stagnation; Monopoly; Political Economy

Full Text:

PDF


DOI: http://dx.doi.org/10.14452/MR-014-03-04-1962-07-08_2

Refbacks

  • There are currently no refbacks.