Teaching / MERG

Monopoly capital

Spring 2024

Time: Fridays, 2–4:30 p.m. (Beijing time).

Reading list (PDF)

Historical and empirical context

  1. Lamoreaux, Naomi R. (2019). The Problem of Bigness: From Standard Oil to Google. Journal of Economic Perspectives. 33(3): 94–117. DOI.

  2. Grullon, Gustavo; Larkin, Yelena; Michaely, Roni (2019). Are US Industries Becoming More Concentrated?. Review of Finance. 23(4): 697–743. DOI.

  3. Supplementary · Lamoreaux, Naomi R.; Gallman, Robert E.; Engerman, Stanley L. (2000). Entrepreneurship, Business Organization, and Economic Concentration. The Cambridge Economic History of the United States: Volume 2: The Long Nineteenth Century. 2: 403–434. DOI.

  4. Supplementary · Decker, Ryan A.; Haltiwanger, John; Jarmin, Ron S.; Miranda, Javier (2016). Declining Business Dynamism: What We Know and the Way Forward. American Economic Review. 106(5): 203–207. DOI.

Mainstream approaches

  1. Cabral, Luis M. B. (2017). Introduction to Industrial Organization. The MIT Press. Chapter 1.

  2. Syverson, Chad (2019). Macroeconomics and Market Power: Context, Implications, and Open Questions. Journal of Economic Perspectives. 33(3): 23–43. DOI.

  3. Supplementary · Carlton, Dennis W.; Perloff, Jeffrey M. (2015). Modern Industrial Organization. Pearson.

  4. Supplementary · De Loecker, Jan; Eeckhout, Jan; Unger, Gabriel (2020). The Rise of Market Power and the Macroeconomic Implications. The Quarterly Journal of Economics. 135(2): 561–644. DOI.

Recent contributions

  1. Sawyer, Malcolm C. (2022). Monopoly Capitalism in the Past Four Decades. Cambridge Journal of Economics. 46(6): 1225–1241. DOI.

  2. Foster, John Bellamy (2018). What Is Monopoly Capital?. Link.

Classical theories

  1. 高峰 (1996). 发达资本主义经济中的垄断与竞争:垄断资本理论研究. 南开大学出版社. Introduction and contents.

  2. Sawyer, Malcolm C. (1988). Theories of Monopoly Capitalism. Journal of Economic Surveys. 2(1): 47. DOI.

  3. Foster, John Bellamy (2014). The Theory of Monopoly Capitalism. Monthly Review Press.

  4. Cowling, K (1982). Monopoly Capitalism. Palgrave Macmillan, London.