Question

The American Economist Sweezy developed the _________.​

Answer 1

Answer:

The American economist Paul Sweezy, who has died aged 93, was initially an unlikely socialist prospect. The son of a vice president of the First National Bank of New York (predecessor to Citibank), Sweezy went on to become the author of The Theory Of Capitalist Development (1942) and many other works of socialist theory. That book, a clear and straightforward definition of Marxism and how to use its tools of economic and social analysis, became a key volume during the radical wave that swept over the west during the 1960s and early 70s.

Its value, and the rest of his journalistic and scholarly contribution, to be found in more than 100 articles and 20 books, was confirmed in mainstream circles when the Wall Street Journal described him as the "dean of radical economists". John Kenneth Galbraith called him the "most noted American Marx ist scholar" of the second half of the 20th centurySweezy was educated at Philips Exeter Academy, an elite New England boarding school, and Harvard University, where he edited the undergraduate daily, Crimson, and studied neoclassical economics. In 1932, he went on to the London School of Economics. At the LSE, in those shattering early years of the great depression, Sweezy went through a political and intellectual transformation provoked by the rise of Hitler, student agitation, his friendships with the young economists Joan Robinson, Oskar Lange, and Abba Lerner, and not least of all, the transfixing lectures of the LSE's professor of political science Harold Laski.

Sweezy returned to Harvard in 1933 as he put it, "a convinced but very ignorant Marxist". There, he took a doctorate, wrote an acclaimed dissertation on the coal cartel during the English industrial revolution (1938), became an instructor in the economics department, began work on The Theory Of Capitalist Development, and helped found the Harvard Teachers Union.

Explanation:

theory of capitalist is the answer

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