Dontents IX 
7 MARX’S SOCIAL AND ECONOMIC THEORY 
Alienation 85 
The Labor Theory of Value and Surplus Value 
The Accumulation of Capital 90 
Sectoral Imbalances and Economic Crises 91 
Economic Concentration 92 
The Immiserization of the Proletariat 93 
The Capitalist State 94 
The Socialist Revolution 95 
Summary 96 
Ra 
THE RISE OF CORPORATE CAPITALISM 
AND ITS IDEOLOGICAL DEFENSES 
R5 
07 
The Concentration of Corporate Power 98 
The English Case 98 The German Case 99 
American Case 99 
The Concentration of Income 101 
Reemergence of the Classical Liberal Ideology 102 
The Neoclassical Theory of Utility and Consumption 102 
The Neoclassical Theory of Production 103 
Laissez-Faire 104 
Subsequent Modifications of Neoclassical Theory 105 
Laissez-Faire and the Social Darwinists 106 
Laissez-Faire and the Ideology of Businessmen 107 
A New Christian Paternalist Ethic 108 
The German Version 109 The American Version 110 
Simon Patten’s Economic Basis for the New Ethic 110 
The New Paternalism and the New Deal 112 
Summary 114 
3 
THE CONSOLIDATION OF MONOPOLY POWER 
AND THE WRITINGS OF VEBLEN 
Competition as Industrial Warfare 115 
Business Collusion and Government Regulation 117 
Changes in the Structure of Capitalism 119 
The Antagonistic Dichotomy of Capitalism 120 
Private Property, Class-Divided Society, and Capitalism 121 
Government and the Class Struggle 124 
Capitalist Imperialism 125 
The Social Mores of Pecuniary Culture 
Summary 130 
115