The theory of capitalist development. Principles of Marxian political economy.

London, Dennis Dobson, 1946

8vo, pp. xiv, 398; a clean copy in the original publisher’s cloth, spine lettered gilt, complete with the dust-jacket; the jacket dampmarked and a little worn.

£40

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First British edition (first issued in 1942), of Sweezy’s ‘seminal work’ (The New Palgrave). Based on lectures which he gave at Harvard on the economics of socialism, this work is a ‘comprehensive review of Marxian economics up until the time of World War II’ and ‘did much to determine the character of later Marxian theory’ particularly with regard to monopoly capitalism (ibid.). This edition has a foreword by Maurice Dobb, who praises Sweezy’s work as ‘the most understanding and illuminating interpretation of Marx’s theory of value that has appeared in recent times’ (p. v).

Fundaburk 2162 & 9595; Mattioli 3554 (1949 edition); The New Palgrave III, pp. 580-2.

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