Monopoly Capital and Growth
B.Comm, M.Econ.Sc., Cork Institute Of Technology , Ireland, retired
Please cite the paper as:
Kieran Crilly, (2016), Monopoly Capital and Growth, World Economics Association (WEA) Conferences, No. 1 2016, Capital Accumulation, Production and Employment:, 15th May to 15th July 2016
This article is based on the work of Paul A. Baran and Paul M. Sweezey: Monopoly Capital (Monthly Review Press 1966). The first section analyses the factors that determine output of monopolistic firms in the developed economies. Price is only one of seven factors and is not the most important factor to monopolies and near monopolies. In the second section the structure of the different sectors of the Irish Economy is analysed. It is clear from this analysis that the Irish Economy is dominated by monopolies and near monopolies.