27 Facts About Paul Sweezy

Paul Marlor Sweezy was a Marxist economist, political activist, publisher, and founding editor of the long-running magazine Monthly Review.

Paul Sweezy is best remembered for his contributions to economic theory as one of the leading Marxian economists of the second half of the 20th century.

Paul Sweezy was born on April 10,1910, in New York City, the youngest of three sons of Everett B Sweezy, a vice-president of First National Bank of New York.

Paul Sweezy's mother, Caroline Wilson Sweezy, was a graduate of Goucher College in Baltimore.

Paul Sweezy made the acquaintance of Harold Laski, Joan Robinson and other young left-wing British thinkers of the day.

Paul Sweezy worked for several New Deal agencies analyzing the concentration of economic power and the dynamics of monopoly and competition.

From 1942 to 1945, Paul Sweezy worked for the research and analysis division of the Office of Strategic Services.

Paul Sweezy was sent to London, where his work for the Office of Strategic Services required his monitoring British economic policy for the US government.

Paul Sweezy went on to edit the OSS's monthly publication, European Political Report.

Paul Sweezy received the bronze star for his role in the war.

Paul Sweezy was the recipient of the Social Science Research Council Demobilization Award at war's end.

Paul Sweezy wrote extensively for the liberal press during the post-war period, including such publications as The Nation and The New Republic, among others.

Paul Sweezy wrote a book, Socialism, published in 1949, as well as a number of shorter pieces which were collected in book form as The Present as History in 1953.

In 1947 Paul Sweezy quit his teaching position at Harvard, with two years remaining on his contract, to dedicate himself to full-time writing and editing.

In 1954, New Hampshire Attorney General Louis C Wyman subpoenaed Sweezy and made inquiries into the contents of a guest lecture at the University of New Hampshire and his political beliefs and associations, demanding to know the names of his political associates.

Paul Sweezy refused to comply, citing his First Amendment right of freedom of expression.

Paul Sweezy was active in a wide range of progressive causes, including the Emergency Civil Liberties Committee, the National Lawyers Guild, the National Council of Arts, Sciences and Professions, and the Fair Play for Cuba Committee.

Paul Sweezy was the chairman of the Committee in Defense of Carl Marzani and was particularly active fighting against the prosecution of members of the Communist Party under the Smith Act.

An outspoken opponent of the Vietnam War, Paul Sweezy was a prominent supporter of Bertrand Russell's International War Crimes Tribunal.

Paul Sweezy's first formally published paper on economics was a 1934 article entitled "Professor Pigou's Theory of Unemployment," published in the Journal of Political Economy in 1934.

Paul Sweezy did pioneering work in the fields of expectations and oligopoly in these years, introducing for the first time the concept of the kinked demand curve in the determination of oligopoly pricing.

Paul Sweezy had dealt with the rise and fall of finance capital in the early 21st century identifying monopoly as the more essential trend.

Paul Sweezy died on February 27,2004, at the age of 93.

Paul Sweezy was survived by his second wife, Nancy, his third wife, Zyrel, and his three children, Samuel, Lybess and Martha.

Paul Sweezy was lauded by economist and public intellectual John Kenneth Galbraith as "the most noted American Marxist scholar" of the late 20th Century.

Paul Sweezy was called "the best that Exeter and Harvard can produce" and regarded as "among the most promising economists of his generation" by Nobel Prize-winning economist Paul Samuelson.

Paul Sweezy maintained, as new investment is restricted to defend the rate of profit,.