Henryk Grossmann > Quotes

“The typical difference that Lenin underscores between the old and the new capitalism does in fact exist, but it bears no necessary causal relation to either competition or monopoly capitalism but is easier to explain in terms of differences between early and late phases of capital accumulation in any given capitalist country at a given stage in the evolution of its technology.”
― Henryk Grossmann, The Law of Accumulation and Breakdown of the Capitalist System, Being also a Theory of Crises